Mufin Green Finance logo

Mufin Green Finance MD, chairman, board of directors and AGM

NSE: MUFINBSE: 542774FinanceSmall Cap

Last close ₹128.60down ₹6.27 (4.65%)BSE ₹128.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹134.87.

52-week range of traded prices to 23 Oct 2026
₹94.11Low, 23 Oct 2025₹143.90High, 21 Oct 2026
Market cap
₹2,548 Cr1,156th largest listed
P/E
Owners' profit not stated
P/B
4.4
Dividend yield
Nonein the last 12 months
NIM
6.88%
Cost of funds
11.37%
Credit cost
0.60%
ROA
1.85%
Leverage
3.63times net worth
Volume, NSE
20,48,06526.7% delivered

Mufin Green Finance board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonManoj Kumar Bhatt
  • Company Secretary and Compliance OfficerMayank Pratap Singh

6 directors4 independent1 executive1 non-executive

  • Manoj Kumar Bhatt · ChairpersonIndependent · joined Mar 2022 · reappointed Apr 2022 · 51 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • Kapil GargExecutive · joined Mar 2022 · reappointed Apr 2022 · 2 listed boards · 3 committee seats
  • Hemant BhageriaIndependent · joined Mar 2022 · reappointed Apr 2022 · 51 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Nitin GoelIndependent · joined Mar 2022 · reappointed Apr 2022 · 51 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Srishti AgarwalNon-executive · joined Aug 2023 · reappointed Sep 2023 · 1 listed board
  • Sanchi PandeyIndependent · joined Aug 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 21 May 20266 of 6 present4 independent · 96 days in between
    • 13 Feb 20266 of 6 present4 independent

  • Audit Committee

    Chair Hemant Bhageria

    Manoj Kumar Bhatt, Kapil Garg

    • 21 May 20263 of 3 present2 independent · 7 days in between
    • 13 May 20263 of 3 present2 independent · 88 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Nitin Goel

    Hemant Bhageria, Manoj Kumar Bhatt

    • 21 May 20263 of 3 present3 independent · 96 days in between
    • 13 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Hemant Bhageria

    Nitin Goel, Kapil Garg

    • 21 May 20263 of 3 present2 independent · 96 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Kapil Garg

    Manoj Kumar Bhatt, Nitin Goel, Gunjan Jain, Madhur Goel

    • 21 May 20263 of 3 present2 independent · 96 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Manoj Kumar Bhatt

    Kapil Garg, Nitin Goel

    • 21 May 20263 of 3 present2 independent · 96 days in between
    • 13 Feb 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Gaur & Associates, Chartered AccountantsPeer-review certificate valid to Sep 2026
1 earlier auditor
  • TATTVAM & Co. Chartered AccountantsNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Mufin Green Finance AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Mufin Green Finance share news and announcements

Annual general meeting, 28 Sep 2026

26,020 shareholders on the register on 21 Sep 2026; present: 7 promoters and 26,108 others; votes counted by Abhay Kumar / Abhay K and Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the board of directors and statutory auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.01% · promoters 0.00% · institutions 14.07% · other public 10.62%

  2. To consider and re-appoint Mrs. Srishti Agarwal (DIN-10229578), Non-Executive Director, whi retires by rotation and being eligible, offers herself for reappointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.01% · promoters 0.00% · institutions 14.07% · other public 10.62%

  3. To consider and approve material related party transactions with Hindon Mercantile Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.01% · promoters 0.00% · institutions 14.07% · other public 10.62%

  4. To consider and approve material related party with Bimapay Finsure Private Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.01% · promoters 0.00% · institutions 14.07% · other public 10.62%

  5. To consider and approve material related party transactions with Gyftr Limited (formerly known as LKP Finance Limited)
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.01% · promoters 0.00% · institutions 14.07% · other public 10.62%

  6. To consider and approve material related party transactions with Vouchagram India Private Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.01% · promoters 0.00% · institutions 14.07% · other public 10.62%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2026, 1 resolution

26,816 shareholders on the register on 13 Feb 2026; votes counted by Abhay Kumar / Abhay K & Associates.The company's voting result (opens in a new tab)

  1. TO ALTER THE ARTICLES OF ASSOCIATION OF THE COMPANY:
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 4.09% · promoters 5.27% · institutions 0.53% · other public 2.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 29 Nov 2025, 5 resolutions

28,925 shareholders on the register on 22 Nov 2025; present: 1 promoter and 64 others; votes counted by Abhay Kumar / Abhay K & Associates.The company's voting result (opens in a new tab)

  1. To Issue of Share Warrants Convertible into Equity Shares on Preferential Basis to Promoters
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 1.99% · promoters 0.00% · institutions 2.11% · other public 4.95%

  2. To Issue of Equity Shares on Preferential Basis to certain identified Non-Promoter Persons
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 1.99% · promoters 0.00% · institutions 2.11% · other public 4.95%

  3. To Issuance of Equity Shares of the Company on a Preferential Basis for Consideration other than cash
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 1.99% · promoters 0.00% · institutions 2.11% · other public 4.95%

  4. To Approval for Alteration of Memorandum of Association (MOA) of the Company by Inclusion of New Object Clauses
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 1.99% · promoters 0.00% · institutions 2.11% · other public 4.95%

  5. To Consider and Approve material related party transaction with Bimapay Finsure Private Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 1.99% · promoters 0.00% · institutions 2.11% · other public 4.95%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Nov 2025, 1 resolution

27,526 shareholders on the register on 9 Oct 2025; votes counted by Abhay Kumar / Abhay Kumar.The company's voting result (opens in a new tab)

  1. SHIFTING OF REGISTERED OFFICE OF THE COMPANY FROM ONE STATE TO ANOTHER STATE AND TO ALTER THE SITUATION CLAUSE OF THE MEMORANDUM OF ASSOCIATION
    Special
    99.18% for0.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 0.38% · promoters 0.00% · institutions 0.00% · other public 1.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 15 resolutions

27,714 shareholders on the register on 22 Jul 2025; present: 1 promoter and 88 others; votes counted by Abhay Kumar / Abhay K & Associates.The company's voting result (opens in a new tab)

  1. Consideration and adoption of the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2025 and the reports of the Board of Directors and Statutory Auditors thereonMoreLess
    Ordinary
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  2. Consideration and adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2025 and the reports of the Statutory Auditors thereon
    Ordinary
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  3. To appoint a Director in place of Mrs. Srishti Agarwal (DIN: 10229578), who retires by rotation and, being eligible, offers herself for re-appointment
    Ordinary
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.08%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  4. To Approve re-appointment of Statutory Auditor of the Company
    Ordinary
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  5. To Approve Appointment of M/s Gaur & Associates, Chartered Accountants, as Statutory Auditor to fill casual vacancy
    Ordinary
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  6. To appoint Abhay K & Associates, Company Secretaries as a Secretarial Auditor
    Ordinary
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  7. To Consider and approve material related party transactions with Hindon Mercantile Limited
    OrdinaryPromoters have an interest in it
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  8. To Consider and approve material related party transaction with Bimapay Finsure Private Limited
    OrdinaryPromoters have an interest in it
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  9. To Consider and approve material related party transaction with Mufin Green Leasing Private Limited
    OrdinaryPromoters have an interest in it
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  10. To Consider and approve material related party transaction with Hedge Money Private Limited
    OrdinaryPromoters have an interest in it
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  11. To Consider and approve material related party transaction with Mufinpay Payment Solutions Private Limited
    OrdinaryPromoters have an interest in it
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  12. To Consider and approve material related party transaction with Mufin Technologies Private Limited
    OrdinaryPromoters have an interest in it
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  13. To Consider and approve material related party transaction with LKP Finance Limited
    OrdinaryPromoters have an interest in it
    98.99% for1.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  14. To increase borrowing powers of the board and authorization limit to secure the borrowings under Section 180(1)(c) and 180(1)(a) of the Companies, Act, 2013
    Special
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.08%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

  15. To Increase in Managerial Remuneration of Mr. Kapil Garg, Managing Director of the Company
    SpecialPromoters have an interest in it
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.08%

    Turnout: all 0.51% · promoters 0.00% · institutions 0.00% · other public 1.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 12 resolutions

Present: 1 promoter and 87 others.The company's voting result (opens in a new tab)

  1. Consideration and adoption of the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2024 and the reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  2. Consideration and adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2024 and the reports of the Statutory Auditors thereon
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  3. To appoint a Director in place of Mrs. Srishti Agarwal (DIN: 10229578), who retires by rotation and, being eligible, offers herself for re-appointment
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  4. Consider and approve appointment of Ms. Sanchi Pandey (DIN 08210470) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  5. Consider and approve material related party transactions with Hindon Mercantile Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  6. Consider and approve material related party transaction with Fintelligence Data Science Private Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  7. Consider and approve material related party transaction with Bimapay Finsure Private Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  8. Consider and approve material related party transaction with Mufin Green Leasing Private Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  9. Consider and approve material related party transaction with Mufin Green Infra Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  10. Consider and approve material related party transaction with Hedge Money Private Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  11. Consider and Approve to give Loans or Invest Funds of the Company in excess of the limits specified under Section 186 of the Companies Act, 2013
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

  12. Consider and Approve transactions under Section 185 of the Companies Act, 2013
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 1.08% · promoters 0.00% · institutions 0.00% · other public 3.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 28 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the board of directors and statutory auditors thereon.MoreLess
    1 for0 against
  • To consider and re-appoint Mrs. Srishti Agarwal (DIN-10229578), Non-Executive Director, whi retires by rotation and being eligible, offers herself for reappointment.
    1 for0 against
  • To consider and approve material related party transactions with Hindon Mercantile Limited
    1 for0 against
  • To consider and approve material related party with Bimapay Finsure Private Limited
    1 for0 against
  • To consider and approve material related party transactions with Gyftr Limited (formerly known as LKP Finance Limited)
    1 for0 against
  • To consider and approve material related party transactions with Vouchagram India Private Limited
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtPRAKRITI E-MOBILITY PRIVATE LIMITEDSince 30 Jun 2026

    6.46% bought in the quarter; holding 6.46%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesMar 2026, checked by Acuite Ratings & Research Limited263.07Onward Lending263.07263.07No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.