Mukka Proteins Ltd

Mukka Proteins Ltd announced that its overseas subsidiary, M/s. United Gulf Fishery Products LLC, has commenced commercial production of fish meal, fish oil, and fish soluble paste on October 9, 2026. The manufacturing unit is located in Al Juba industrial area, Wilayat of Mahoot, Sultanate of Oman. This development is expected to increase the subsidiary's production capacity, enhance the group's overall production capabilities, and strengthen Mukka Proteins' presence in the Middle East market.

Mukka Proteins Ltd announced that its Board of Directors has approved providing a corporate guarantee, Standby Letter of Credit (SBLC), and fixed deposit security. This is to back credit facilities amounting to ₹735,830,000 (₹73.58 Crore) for its subsidiary, United Gulf Fishery Products LLC, Oman, from HDFC Bank Limited. The company stated that the transaction is on an arm's length basis, and while it constitutes a contingent liability, Mukka Proteins retains the right to recover any amounts paid from the subsidiary. The agreements are yet to be executed.

Mukka Proteins Limited has received a USDA NOP – Inputs Attestation from ECOCERT S.A.S., France, for its product "Eco Sphere Organic Fertilizer". This attestation confirms the product's suitability for organic farming under the specified USDA NOP program. The company expects this to enhance marketability and acceptance, particularly in the United States, and support its expansion into value-added and sustainable product offerings. The attestation is valid from October 5, 2026, to March 31, 2028.

Mukka Proteins Limited has announced a delay in its strategic acquisition of a 51% stake in Aqua Marine, Partnership Firm. The acquisition, initially planned for completion by September 30, 2026, with an investment not exceeding ₹15,00,00,000 (₹15 Crores), is now expected to be completed by January 31, 2027. The company cited procedural issues as the reason for the delay. Mukka Proteins assures that all necessary steps are being taken to resolve these issues and complete the acquisition in due course.

Mukka Proteins Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in accordance with SEBI's Prohibition of Insider Trading Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from Thursday, October 1, 2026, until 48 hours after the declaration of the financial results for the quarter and half-year ending September 30, 2026. Designated persons and their immediate relatives are prohibited from trading during this period. The exact date of the board meeting to approve these financial results will be communicated later.

Mukka Proteins Ltd announced the outcomes of its 16th Annual General Meeting (AGM) held on September 10, 2026. Key decisions included the re-appointment of Mr. Kalandan Mohammed Haris as Managing Director & CEO and Mr. Kalandan Mohammed Althaf as Whole-Time Director & CFO, both for a five-year term starting January 20, 2027. Additionally, Mr. Kalandan Mohammad Arif was re-appointed as Whole-Time Director & COO for a similar term. The AGM also approved the re-appointment of three Non-Executive Independent Directors: Mr. Karkala Shankar Balachandra Rao, Mr. Hamad Bava, and Mr. Narendra Surendra Kamath, each for a second five-year term commencing January 15, 2027.

Mukka Proteins Limited has approved the allotment of 2,00,00,000 convertible warrants on a preferential basis to identified non-promoter category persons. The issue price is ₹23.50 per warrant, aggregating to ₹47,00,00,000. An upfront subscription of 25% (₹5.88 per warrant) has been received. Each warrant holder has the right to subscribe to one equity share upon payment of the balance 75% within 18 months. The allotment is in accordance with SEBI ICDR Regulations and subject to lock-in requirements.

Mukka Proteins Limited has received an EU – Inputs Attestation from ECOCERT S.A.S., France, for its product "Eco Sphere Organic Fertilizer". This attestation confirms the product's suitability for organic farming under specific EU regulations. The company expects this to significantly enhance the marketability and acceptance of its organic fertilizer, particularly in European markets, and support its strategy of expanding its value-added and sustainable product portfolio. The attestation is valid from September 4, 2026, to March 31, 2028.

Mukka Proteins Ltd announced its Board of Directors has approved a strategic investment in Shipwaves Online Limited (SOL). The company will acquire equity shares in SOL for an amount not exceeding ₹13.19 crore in one or more tranches. This investment is intended to leverage potential business synergies in logistics and related businesses, supporting Mukka Proteins' long-term growth. Shipwaves Online operates in Digital Freight Forwarding and Enterprise SaaS Solutions. The transaction is considered a related party transaction, conducted at arm's length, with an indicative completion timeline of March 31, 2027. Mukka Proteins will acquire 2,93,20,000 equity shares at ₹4.50 per share, resulting in a post-acquisition shareholding of 16.77%.

Mukka Proteins Limited is scaling its wet waste conversion operations in Bengaluru, transforming municipal waste into insect protein, oil, compost, and humic acid. The company utilizes Black Soldier Fly bioconversion, with a current intake of 200 Tonnes Per Day (TPD), aiming to reach 1,000 TPD by December 2027. This initiative leverages Bengaluru's significant wet waste generation (over 2,000 TPD) to create high-value products for animal feed, agriculture, and oleochemical applications. The expansion aligns with circular bio-economy principles, offers substantial mass reduction of waste, and provides new revenue streams, including potential carbon credits. Mukka Proteins complements this with its existing large-scale marine protein and oil processing capacity.