Mufin Green Finance 10th AGM Notice and FY2026 Growth Update

Total Revenue: Rs 210.28 crore (Up 30.64%); PAT: Rs 28.26 crore (Up 39.35%).

Reader Takeaway: Robust AUM scaling signals strong market expansion, while zero dividend reflects capital preservation for future growth.

What just happened

Mufin Green Finance Limited has issued its 10th Annual General Meeting (AGM) notice, scheduled for September 28, 2026, via virtual conferencing. Key agenda items include the adoption of FY2026 financial results, the re-appointment of Mrs. Srishti Agarwal as Non-Executive Director, and securing shareholder authorization for material related-party transactions (RPTs).

Financial Performance

The company showcased significant growth over the fiscal year. Assets Under Management (AUM) reached Rs 1,541.17 crore, marking a sharp 83.8% increase over FY2025. Standalone Net Worth also surged by 112.66% to Rs 574.69 crore, reflecting a strengthened capital position. Profit After Tax (PAT) grew by 39.35% year-on-year to Rs 28.26 crore.

Related Party Transactions

Management is seeking approval for transactions with entities including Hindon Mercantile Limited, Bimapay Finsure Private Limited, Gyftr Limited, and Vouchagram India Private Limited. Each transaction is capped at an aggregate limit of Rs 50 crore per entity, intended to support ongoing operational requirements.

Strategic Developments

• The Board has opted not to declare a dividend for FY2026, prioritizing capital retention to fund future scaling.
• The company’s long-term credit rating was upgraded to A- (Stable) by Acuité Ratings & Research Limited.
• Mufin Green Infra Limited is no longer a subsidiary following a share sale completed in December 2025.

What to track next

Investors should monitor the outcome of the RPT approvals at the AGM and evaluate the company’s ability to maintain its aggressive AUM growth trajectory without dividend payouts in the coming quarters.