Loan & Debt12 Aug 2026, 05:32 pm
Mukka Proteins Withdraws ₹75 Cr NCD Issuance
AI Summary
Mukka Proteins Ltd has announced the withdrawal of its previously approved Non-Convertible Debenture (NCD) issuance. The Board of Directors, in a meeting held on August 12, 2026, resolved to rescind the approval for issuing Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferable, INR denominated NCDs aggregating up to ₹75,00,00,000/- (Rupees Seventy-Five Crore Only) on a private placement basis. The initial approval for this issuance was granted on May 15, 2026. The company cited internal considerations as the reason for not proceeding with the NCD issuance. Mukka Proteins clarified that these NCDs have not been issued or allotted.
Key Highlights
- Mukka Proteins withdraws planned ₹75 crore NCD issuance.
- Decision made due to internal considerations.
- Board rescinded earlier approval for the debt instrument.
- No NCDs were issued or allotted by the company.
Price Impact
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