Mufin Green Finance Ltd

Meeting Details

• Date and time: 20 August 2026, 4:00–4:45 PM IST; Virtual group meet.
• Platform: Google Meet.

Participants

• Key participant: Company Secretary & Compliance Officer.

Purpose

• Analyst/Institutional investor meet.

Meeting Details

• Date and time: Aug 20, 2026, 4:00 PM–4:45 PM IST
• Type and mode: Virtual group investor meet
• Platform: Google Meet
• Organiser: Mufin Green Finance Limited

Participants

• Key company participant: Company Secretary & Compliance Officer

Purpose

• Purpose: Analyst/Institutional Investor Meet

Business Overview

• India's first listed NBFC focused on climate and mediclaim financing with four verticals.
• Pan-India, branch-light digital model enables scalable distribution and securitization funding.
• June-26 AUM ₹1,599.23 Cr; Mediclaim, Salary Saathi, Climate, MSME lending.

Key Operational Highlights

• Mediclaim financing disbursements ₹247.08 Cr in Q1 FY27, up 56.2% YoY.
• Mediclaim accounts count 48,214 in Q1 FY27; +48.4% YoY.
• Salary Saathi disbursement ₹38.20 Cr in Q1 FY27; QoQ +38.4%.
• Salary Saathi expanding to 6+ states with MoUs in progress.
• New lenders Union Bank and Wint Wealth; facilities totaling ₹125 Cr.

Financial Performance

• Interest income ₹76.44 Cr in Q1 FY27, up 61.8% YoY.
• Net interest income ₹35.16 Cr; YoY +64.3%.
• PAT ₹14.01 Cr in Q1 FY27, up 345.6% YoY.
• Total assets ₹2,027.51 Cr; cash ₹149.07 Cr.
• CRAR 32.37%; Debt/Equity 2.43x.

Capital Structure & Liquidity

• Borrowings ₹1,397.60 Cr; CRAR 32.37% provides headroom.
• New lenders added; 125 Cr facilities.
• Headroom to fund AUM growth without equity raise.

Strategic Priorities & Outlook

• Salary Saathi six-state expansion; MoUs in-progress.
• Climate financing remains growth engine via OEM partnerships.
• AI underwriting and IoT monitoring support growth and risk management.

Risks & Mitigation

• MoU expansion risk; mitigated by multi-state discussions.
• Near-zero NPA for Salary Saathi; risk managed through structure.

Governance & Leadership

• New Head of Strategy, Group CISO, CTO onboarded.
• Leadership hires to support expansion and risk controls.

Issue overview

• Type: private placement of equity shares and warrants.
• Total issue size and net proceeds; no revision or undersubscription observed.
• Main objective: lending activities via the issued securities.

Utilisation of proceeds

• Utilisation is as disclosed in the offer document.
• No material deviations or reallocation observed.
• Utilisation fully matches funds raised; deployed in lending.
• No unutilised funds remaining; no idle funds.
• Means of finance unchanged from disclosures.

Governance and compliance

• All statutory approvals obtained; no material deviations observed.
• No material events or information affecting viability reported.
• There are no other items impacting investor decision.

GCP

• GCP not applicable.

Standalone financial highlights

• Q1 FY27 standalone total income ₹7,714.02 lakh; revenue from operations ₹7,686.19 lakh.
• Profit after tax ₹1,401.12 lakh; basic EPS ₹0.71, diluted ₹0.70.
• Profit before tax ₹1,881.55 lakh; tax ₹488.43 lakh (current); deferred ₹-8.00 lakh.
• Net worth ₹58,524.95 lakh; debt-equity ratio 2.65x; total debts to assets 0.71x.
• Gross NPA 1.91%; Net NPA 1.63%; NPA provision coverage 15.04%.
• Capital adequacy ratio 30.55%.
• No reportable segments; financing and investing activities all within India.
• YoY EPS growth approx 184% (₹0.71 vs ₹0.25 in Jun-2025).

Funding & use of proceeds

• ISIN INE08KJ07191 raised ₹100 crore on 9 June 2026.
• ISIN INE08KJ07209 raised ₹19 crore on 15 June 2026.
• No deviation in use of funds; proceeds allocated to onward lending.
• Outstanding NCDs ₹50,900 lakh; secured with assets; 100-115% security cover.
• Asset cover maintained against listed NCDs at 1-1.15x, per auditor certificate.

Meeting Details

• Board meeting on August 11, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 to August 13, 2026 for designated persons.

Debt instrument approvals

• Approved private placement of listed secured NCDs up to INR 50 crore, including Rs 25 crore Green Shoe.
• Approved private placement of listed secured NCDs up to INR 75 crore, including Rs 25 crore Green Shoe.
• Debentures to be listed on BSE Limited.
• Tenure: 15 months from allotment.
• Coupon for first tranche: 11% payable monthly.
• Coupon for second tranche: 10.85% from month 12.
• Security: first and exclusive charge on identified receivables.
• Up to 50,000 NCDs of Rs 10,000 face value.
• Up to 7,500 NCDs of Rs 1,00,000 face value.
• Green Shoe option available for Rs 25 crore.