Mukka Proteins Ltd

Mukka Proteins Ltd has issued a clarification regarding its earlier intimations dated August 12, 2026, concerning an investment in Swaccha Eco Solutions Private Limited (SESPL). The company identified an inadvertent calculation error in the total consideration for the acquisition of 26,500 equity shares. The originally stated amount of ₹64,92,500/- has been corrected to ₹66,25,000/-. This correction is solely for the total consideration amount, with no changes to the number of shares, price per share, or percentage of shareholding. The investment aims to expand Mukka Proteins' Waste Management segment.

Mukka Proteins Ltd has dispatched a letter to shareholders whose email addresses are not registered with the company or depositories. This communication provides a weblink to access the Annual Report for FY 2025-26 and the Notice of the ensuing Annual General Meeting. The AGM is scheduled for Thursday, 10th September 2026, to be held through Video Conferencing/Other Audio-Visual Means. The company urges shareholders to register their missing KYC details to ensure they receive future communications and access company reports.

Mukka Proteins Ltd has submitted its Annual Report for the Financial Year 2025-26 and the Notice for its 16th Annual General Meeting (AGM). The AGM is scheduled for September 10, 2026, via Video Conferencing. The report highlights the company's acceptance into the MarinTrust Improver Programme, emphasizing its commitment to responsible sourcing, traceability, and sustainable marine ingredient manufacturing. The company has also provided e-voting facilities for members, with a cut-off date of September 3, 2026, and remote e-voting available from September 7 to September 9, 2026. The Annual Report and AGM Notice are available on the company's website and will be emailed to eligible members.

Mukka Proteins Ltd has issued a notice for its 16th Annual General Meeting (AGM) scheduled for Thursday, September 10, 2026. The AGM will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The company has also made its Annual Report for the financial year 2025-26 available on its website and via email to eligible members. The notice details the e-voting facility for members, with a cut-off date of September 3, 2026, for eligibility. Remote e-voting will be open from September 7 to September 9, 2026, and will also be available during the AGM itself. The filing also highlights the company's acceptance into the MarinTrust Improver Programme, emphasizing its commitment to responsible sourcing and sustainability.

Mukka Proteins Ltd has announced that its 16th Annual General Meeting (AGM) will be held on Thursday, September 10, 2026, at 3:00 p.m. IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with the Companies Act, 2013, and SEBI Listing Regulations. This AGM pertains to the financial year 2025-26. The company will issue the Notice of AGM and the Annual Report to its members in due course, following prescribed dispatch modes and regulatory compliance.

Mukka Proteins Limited reported a strong Q1 FY27 performance with consolidated revenue surging 186.73% year-on-year to ₹4,896.5 Mn. Profit After Tax (PAT) saw a significant jump of 1072.52% to ₹186.3 Mn. The company attributed this growth to robust domestic and export demand, improved product realizations, and favorable market conditions due to global fish meal supply constraints. Key strategic moves during the quarter included acquiring a 51% stake in Delta Marine Products for ₹111 Mn and investing ₹6.49 Mn for a 25.98% stake in Swachha Eco Solutions Pvt. Ltd., strengthening its manufacturing and waste management capabilities. Additionally, a long-standing customs litigation matter was resolved favorably with the CESTAT setting aside a demand of ₹152.4 Mn.

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.

Mukka Proteins Ltd has approved a strategic investment in Swachha Eco Solutions Private Limited (SESPL) by acquiring up to 25.98% of its equity share capital for a maximum of ₹64,92,500. The acquisition, to be completed in one or more tranches, involves purchasing 26,500 equity shares at ₹250 each. SESPL is engaged in waste collection, treatment, and disposal. This investment is part of Mukka Proteins' strategy to expand its Waste Management segment. The transaction is not a related party transaction and is expected to be completed by December 31, 2026. SESPL reported a turnover of ₹1,77,61,136 and a PAT of ₹(75,05,051) for FY 2025-26.

Mukka Proteins Ltd announced the re-appointment of three Non-Executive Independent Directors: Mr. Karkala Shankar Balachandra Rao, Mr. Hamad Bava, and Mr. Narendra Surendra Kamath. Each will serve a second term of five years from January 15, 2027, to January 14, 2032. Additionally, the company re-appointed Mr. Kalandan Mohammed Haris as Managing Director and CEO for five years from January 20, 2027, to January 19, 2032. Mr. Kalandan Mohammed Althaf was re-appointed as Whole-Time Director and CFO, and Mr. Kalandan Mohammad Arif as Whole-Time Director and COO, both for five-year terms starting January 20, 2027. All re-appointments are subject to shareholder approval at the upcoming 16th Annual General Meeting.

Mukka Proteins' consolidated revenue for Q1 FY27 (quarter ended June 30, 2026) came in at ₹489.7 Cr, up 186.7% YoY from ₹170.8 Cr a year ago and up 28.7% QoQ from ₹380.6 Cr in Q4 FY26. Consolidated PAT was ₹18.6 Cr, more than 10x the ₹1.6 Cr reported in the year-ago quarter, when raw-material (fish) cost pressure had squeezed the net margin to just 0.92%. There is no prior management guidance or concall commentary on record to grade this print against, and no reliable Street consensus specific to this quarter could be confirmed — the estimates that surfaced online were internally inconsistent with the year-ago actuals and are not used here. The improvement is primarily a margin-normalization story: EBITDA margin expanded to 9.80% from 8.52% a year ago (and from 8.90% in Q4 FY26), tracking a lower cost-of-materials share of revenue versus the year-ago quarter's cost spike. Net margin expanded YoY (0.92% to 3.79%) but compressed sequentially from 5.40% in Q4 FY26, even though revenue grew 28.7% QoQ and EBIT-level profit (before exceptional items, JV share and tax) was flat at ₹28.3 Cr. The QoQ profit slip (₹21.4 Cr to ₹18.6 Cr, -12.8%) traces to below-the-line items: the share of associates/JV results swung to a ₹0.95 Cr loss from a ₹0.13 Cr profit in Q4 FY26, finance costs rose to ₹16.5 Cr from ₹15.2 Cr, and the effective tax rate climbed to 31.9% from 26.1%. Standalone PAT (₹19.4 Cr, +1610% YoY) grew faster than consolidated (+1073% YoY), confirming subsidiaries and JVs were a net drag this quarter. Exports remain the dominant driver, at ₹414.1 Cr of the ₹489.7 Cr consolidated revenue from operations (about 85%). Alongside the results, the board withdrew a proposed ₹75 Cr NCD private placement, approved a ₹0.65 Cr investment for a 25.98% stake in waste-management firm Swaccha Eco Solutions, and reappointed the MD/CEO, WTD-CFO, WTD-COO and three independent directors for fresh five-year terms from January 2027, subject to shareholder approval at the September 10, 2026 AGM. Separately, the company won a CESTAT appeal on August 6, 2026 setting aside a ₹15.24 Cr customs duty demand — a contingent-liability relief not reflected in this quarter's P&L. No management press release accompanying the results was available to cross-check the company's own framing of the quarter.