Mukka Proteins

Mukka Proteins received an EU Inputs Attestation from ECOCERT S.A.S. of France for its Eco Sphere Organic Fertilizer, confirming its suitability for organic farming under specified programme conditions. The attestation was issued under EU Regulations 2018/848 and 2021/1165 and ran from September 4, 2026 to March 31, 2028. Fish protein remained the company’s core business, with exports accounting for more than 65% and FY26 operating revenue at about ₹1,450 crore. The company had been developing a broader portfolio spanning alternate protein, waste-to-value and frozen or value-added marine products.

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Mukka Proteins approved a strategic investment of up to ₹13.19 crore in Shipwaves Online, a digital freight-forwarding and enterprise SaaS company. The investment involved 2.932 crore equity shares at ₹4.50 each and was set to give Mukka Proteins a 16.77% stake, with completion scheduled by 31 March 2027 in one or more tranches. Shipwaves reported FY26 turnover of ₹65.01 crore, profit after tax of ₹1.68 crore and net worth of ₹71.30 crore. The transaction was related-party because Mukka Proteins was a promoter-group entity of Shipwaves, and it was to be conducted at arm’s length. Mukka Proteins reported FY26 consolidated revenue of ₹1,449.5 crore, with fish protein as its core business and exports accounting for more than 65% of revenue.

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Mukka Proteins received in-principle approvals from NSE and BSE on August 28 for a proposed preferential issue of convertible warrants. The approvals covered 2 crore warrants of Re. 1 each at ₹23.50 a warrant, implying an aggregate issue value of ₹47 crore to non-promoter investors. The board approved the warrant proposal in June, and the company submitted applications for exchange clearance that month. FY26 consolidated revenue was ₹1,449.5 crore, while year-end inventory and current borrowings were ₹856.6 crore and ₹735.7 crore.

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Mukka Proteins received relief from the CESTAT Bangalore Regional Bench, which set aside a quantified customs demand of ₹15.24 crore together with unquantified interest, redemption fine and penalties. The dispute concerned fish-meal imports made between September 2014 and October 2015 under the Advance Authorisation Scheme, which customs authorities had alleged were undervalued and misdeclared. The tribunal held that the department had not established undervaluation with cogent evidence and allowed the company's appeal and those of three other appellants. The company may seek a refund of ₹75 lakh appropriated under the original order, subject to statutory procedure. Mukka Proteins had revenue of ₹1,450 crore and net profit of ₹57 crore in FY26.

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Mukka Proteins' board approved the preferential allotment of up to 2 crore fully convertible warrants at ₹23.50 each to 15 non-promoter investors, raising up to ₹47 crore. Each warrant is convertible into one equity share within 18 months, and the issue price is based on a registered valuer's report. The board also cleared two acquisitions: a 51% stake in Delta Marine Products for up to ₹11.1 crore and a 51% stake in Aqua Marine for up to ₹15 crore, both fish meal and fish oil manufacturers. Delta Marine reported a loss of ₹19.7 lakh on revenue of ₹28.2 crore in FY25, while Aqua Marine posted a profit of ₹10.7 lakh on revenue of ₹32.2 crore. The investments are aimed at expanding Mukka's core business and production capacity.

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May 15 (Reuters) - Mukka Proteins Ltd MUKK.NS:

• MUKKA PROTEINS LTD - APPROVES FUND RAISING UP TO 250 MILLION RUPEES VIA NCDS

• MUKKA PROTEINS LTD - APPROVES FUND RAISING UP TO 500 MILLION RUPEES VIA NCDS

• MUKKA PROTEINS MARCH-QUARTER CONSOL NET PROFIT 206.2 MILLION RUPEES

• MUKKA PROTEINS MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.81 BILLION RUPEES

Source text: ID:nBSE5cfSwr

Further company coverage: MUKK.NS

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Aug 14 (Reuters) - Mukka Proteins Ltd MUKK.NS:

• MUKKA PROTEINS- EMPANELLED AS AUTHORISED WASTE PROCESSOR BY BENGALURU SOLID WASTE MANAGEMENT

• MUKKA PROTEINS LTD - TO MANAGE 200-300 MTPD OF WASTE, EXPANDING TO 1,000 TPD

Source text: ID:nNSE1BdD07

Further company coverage: MUKK.NS

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March 26 (Reuters) - Mukka Proteins Ltd MUKK.NS:

• MUKKA PROTEINS LTD - ACQUIRES 51% STAKE IN FABBCO

• MUKKA PROTEINS LTD - ACQUISITION VALUED AT 60 MILLION RUPEES

Source text: ID:nNSE3vt2jl

Further company coverage: MUKK.NS

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** Shares of Mukka Proteins MUKK.NS rise 6% to 35 rupees, their biggest one-day gain in more than two months

** The fish oil maker wins multiple orders worth 442.8 million rupees ($5.09 million) for supplying fish meal and oil

** More than 937,000 shares traded, 1.7x the 30-day avg

** Still, MUKK stock trades below 50-, 100-, 200- day moving avgs

** Stock down ~13% since its listing in March 2024

** Stock down 15% so far this year

($1 = 87.0150 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Mukka Proteins Ltd MUKK.NS:

• MUKKA PROTEINS LTD - RECEIVES PURCHASE ORDERS WORTH 442.8 MILLION RUPEES

Source text: ID:nNSEbkL7ll

Further company coverage: MUKK.NS

Dec 17 (Reuters) - Mukka Proteins Ltd MUKK.NS:

• MUKKA PROTEINS LTD - COMPLETION OF DISINVESTMENT IN MSFI (BANGLADESH)

Source text: ID:nBSEcgj1bt

Further company coverage: MUKK.NS

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Oct 21 (Reuters) - Mukka Proteins Ltd MUKK.NS:

• APPROVED ISSUANCE OF SHARES WORTH 980 MILLION RUPEES

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Further company coverage: MUKK.NS

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Oct 14 (Reuters) - Mukka Proteins Ltd MUKK.NS:

• TO CONSIDER RAISING OF FUNDS

Source text for Eikon: ID:nBSE3c19wk

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Sept 30 (Reuters) - Mukka Proteins Ltd MUKK.NS:

• EXECUTION OF AGREEMENT FOR DISINVESTMENT IN MSFI (BANGLADESH)

• DEAL FOR USD 14,038.44

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Further company coverage: MUKK.NS

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April 1 (Reuters) - Mukka Proteins Ltd MUKK.NS:

• MUKKA PROTEINS LTD - GETS ORDER WORTH 503.9 MILLION RUPEES

Source text for Eikon: ID:nBSEbjZxt9

Further company coverage: MUKK.NS

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Mukka Proteins Ltd MUKK.NS:

• MUKKA PROTEINS LTD- RECEIPT OF PURCHASE ORDERS WORTH OF 152.5 MILLION RUPEES

Source text for Eikon: ID:nNSE3B1480

Further company coverage: MUKK.NS