Regulatory11 Aug 2026, 09:11 pm
Mufin Green Finance: No Deviation in Utilisation of Funds for Q1 FY27
AI Summary
Mufin Green Finance Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Acuite Ratings & Research Limited, confirms that the utilization of proceeds from the preferential issue of equity shares and warrants is in line with the objects disclosed in the offer document. No deviation was observed in the utilization of funds raised, amounting to ₹319.32 crore. The company raised ₹244.32 crore from equity shares and ₹75.00 crore from warrants. The report also states no material changes in the means of finance and no unfavorable events affecting the viability of the objects.
Key Highlights
- No deviation in fund utilization for Q1 FY27 as per Monitoring Agency Report.
- Proceeds from equity and warrants issuance are used as per offer document disclosures.
- Total funds raised were ₹319.32 crore via preferential issue.
- No material changes in means of finance or unfavorable events noted.
Price Impact
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