Outcome of Board Meeting

To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra - Kurla Complex, Fort, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Ref: BSE Scrip Code 542774 Ref: MUFIN Sub: Outcome of the Board Meeting held on November 5, 2026 Dear Sir/Madam, In furtherance to our previous announcements dated October 30, 2026, we wish to inform you that the Board of Directors of Mufin Green Finance Limited (“the Company”), at its meeting held today i.e. November 5, 2026 (which commenced at 03:30 p.m. and concluded at 4:35 p.m.) has inter-alia transacted the following businesses: 1. Upon recommendation of the Audit Committee, the Board of Directors have approved the Unaudited Standalone and Consolidated Financial Results of the Company for quarter and half year ended September 30, 2026. 2. The Board of Directors have approved Memorandum of Understanding (MOU) with Avyayam Infotech Private Limited (Arthum), Arthum owns, operates and maintain an enterprise resource planning and workforce management technology platform, which is used by corporates and other enterprises for the management of contractors engaged by them and of the labourers and workers deployed by such contractors, to jointly establish and operate program under which Mufin Green Finance Limited shall extend small ticket loans to labourers, workers and contractors associated on the platform of Arthum. Further, it also proposed to acquire 20% of the issued, subscribed and paid-up equity share capital of the Arthum upon such term and condition as may mutually agreed in the definite agreements. The requisite disclosures, in terms of Regulation 30 of Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A. 3. Approved acquisition of 23% of issued subscribed and paid-up equity share capital of the Bimapay Finsure Private Limited upon such term and condition as may mutually agreed in the definite agreements. The requisite disclosures, in terms of Regulation 30 of Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure B. 4. Approved Notice of Postal Ballot for approval of Shareholders for prior approval of material related party transactions. 5. Approved appointment of Mr. Abhay Kumar to act as Scrutinizer for the process of Postal Ballot. This is for your information and record. Thanking you, For Mufin Green Finance Limited Mayank Pratap Singh Company Secretary & Compliance Officer Date: 05.11.2026 Place: Delhi Annexure-A Information’s pursuant to Regulation 30 of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: a) name of the target entity, details in brief Avyayam Infotech Private Limited, doing such as size, turnover etc. business of providing technology solutions for Enterprise Resource Planning and Workforce Management Technology Platform and has earned a revenue of Rs. 177.45 Lakhs in FY 2025-26. b) whether the acquisition would fall The Proposed Acquisition does not fall under within related party transaction(s) and related party transaction. whether the promoter/ promoter Further, the promoter/ promoter group/ group group/ group companies have any companies do not have any interest in the interest in the entity being acquired? If entity being acquired. yes, nature of interest and details thereof and whether the same is done at “arm’s length”; c) industry to which the entities being Technology Solutions acquired belong; d) objects and effects of acquisition The Proposed Acquisition will enable the (including but not limited to, disclosure Company to enter the fintech segment, through of reasons for acquisition of target a business that provides technology solutions to NBFCs. entity, if its business is outside the main line of business of the listed entity); e) brief details of any governmental or NA regulatory approvals required for the acquisition; f) indicative time period for completion of 1-4 years the acquisition; g) consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same; h) cost of acquisition and/or the price at It will be finalized upon finalization of definite which the shares are acquired; agreements. i) percentage of shareholding / control Upto 20% stake in Arthum acquired and / or number of shares acquired; j) brief background about the entity Product Line: Enterprise Resource Planning and acquired in terms of products/line of Workforce Management Technology Platform business acquired, date of Date of Incorporation : 29th August, 2023 incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief); Turnover : FY 2023-24 – 26.36 Lakhs FY 2024-25 – 140.94 Lakhs FY 2025-26 - Rs. 177.45 Lakhs Acquired entity has presence in India and is doing business of providing technology solutions for Enterprise Resource Planning and Workforce Management Technology Platform. Annexure-B Information’s pursuant to Regulation 30 of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: a) name of the target entity, details in brief Bimapay Finsure Private Limited and deals in such as size, turnover etc. Information Technology (IT) and Information Technology Enabled Services (ITES) has earned a revenue of Rs. 1,163 Lakhs in FY 2025-26 with PBT of Rs. 113.75 Lakhs. b) whether the acquisition would fall The entity is a subsidiary of the Promoter within related party transaction(s) and Company is a related party of the Company. whether the promoter/ promoter This transaction is on arm’s length basis. group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; c) industry to which the entities being Information Technology (IT) and Information acquired belong; Technology Enabled Services (ITES). d) objects and effects of acquisition Bimapay is fintech partner of the Company and (including but not limited to, disclosure the acquisition will help in grow the business. of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); e) brief details of any governmental or NA regulatory approvals required for the acquisition; f) indicative time period for completion of Subject to completion of customary conditions the acquisition; precedent and obtaining the relevant regulatory approvals as may be required under the applicable law(s), if any, for the consummation of the proposed acquisition is expected to be completed in the next 3-4 months. g) consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same; h) cost of acquisition and/or the price at The Company proposes to pay the aggregate which the shares are acquired; purchase consideration of INR 65,74,85,400/- (Rs. Sixty Five Crore Seventy Four Lakh Eighty Five Thousand Four Hundred Only). i) percentage of shareholding / control Upto 23% stake acquired and / or number of shares acquired; j) brief background about the entity Product Line: Information Technology (IT) and acquired in terms of products/line of Information Technology Enabled Services (ITES) business acquired, date of Date of Incorporation: 08th April, 2022 incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other Turnover: significant information (in brief); FY 2023-24 – Rs. 92.75 Lakhs FY 2024-25 – Rs. 321.71 Lakhs FY 2025-26 - Rs. 1,163 Lakhs Acquired entity has presence in India and is doing business of providing Information Technology (IT) and Information Technology Enabled Services (ITES). Gaur & Associates 516, La [Showing first 8,000 characters — download PDF for full document]