NBFC Stock Strengthens Balance Sheet With Rs 4.95 Cr Equity Infusion Via Warrant Conversion

In an effort to strengthen its balance sheet, Mufin Green Finance Ltd., a small-cap firm in the NBFC industry, converted 12 lakh warrants into equity shares worth Rs 4.95 Cr at a price of Rs 41.25 per share. Mufin Green Finance's paid-up capital increased to Rs 16.46 Cr as a consequence.

"We wish to inform you that the Committee of Directors ("For Preferential Issue") of the Mufin Green Finance Limited ("the Company") in their meeting held today i.e. June 03, 2025, considered and approved the conversion of 12,00,000 (Twelve Lakh) convertible warrants into 12,00,000 (Twelve Lakh) equity shares of face value of Rs. 1/- each, on preferential basis, upon receipt of an amount aggregating to Rs. 4,95,00,000/- (Rupees Four Crore Ninety Five Lakh only) at the rate of Rs. 41.25 (Rupees Forty One and Paise Twenty Five Only) per warrant (being 75% of the issue price per warrant) from the allottees," Mufin Green Finance said in a stock exchange filing.

This is in response to the company's December 27, 2023, notification regarding the allocation of 2.55 Cr convertible warrants, each of which is convertible into equity shares with a face value of Rs. 1 each at an issue price of Rs. 55 each, following the receipt of subscription money from the allottees on a preferential basis.

Thus, the company's issued and paid-up capital has grown to Rs 16,46,90,172/-, which is made up of 16,46,90,172 equity shares of Re. 1/- each.

According to MoneyControl, Gunjan Jain, the company's CFO, stated that Mufin Green Finance is aiming for an AUM of Rs 1,300 crore by the end of FY26 with new capital of $18 million and about 60% exposure to the EV mobility sector.

Financially speaking, Mufin Green Finance's net profit plummeted 11.11% to Rs 3.60 crore in the quarter that ended in March 2025 from Rs 4.05 crore in the quarter that ended in March 2024. In Q4FY25, sales increased 53.55% to Rs 49.32 crore from Rs 32.12 crore in Q4FY24. In the year ending in March 2025, net profit increased 22.10% to Rs 19.61 crore, in comparison to Rs 16.06 crore in the year ending in March 2024. Sales in FY25 increased 82.43% to Rs 178.23 crore, up from Rs 97.70 crore in FY24.

An Indian non-banking financial company (NBFC) called Mufin Green Finance Limited specializes in green finance, especially for the solar and electric vehicle (EV) industries. Its substantial presence in the EV financing sector is demonstrated by its 5.3% market share in nine active e-rickshaw marketplaces.