Mukka Proteins grants Rs 9.10 Cr loan to subsidiary at 8% interest

1 min read     Updated on 12 Jul 2026, 10:12 AM
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Reviewed by
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AI Summary

Mukka Proteins Limited has sanctioned an unsecured loan of up to Rs 9.10 crore to its subsidiary United Gulf Fishery Products LLC to address urgent business commitments. The loan carries an interest rate of 8% per annum and a tenure of five years from the date of disbursal. As of July 9, 2026, the amount outstanding under this facility is Rs 3,01,22,744.17.

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Mukka Proteins Limited has entered into a loan agreement with its subsidiary, United Gulf Fishery Products LLC, to provide financial assistance for urgent business commitments. The company will extend an unsecured loan of up to Rs 9.10 crore to the subsidiary at an interest rate of 8% per annum. The tenure for the loan is set at five years from the date of disbursal.

The loan agreement was executed on July 9, 2026. As of the date of disclosure, the total amount outstanding under this facility stands at Rs 3,01,22,744.17. The transaction is classified as a related party transaction and has been conducted on an arm’s length basis.

Mukka Proteins holds a 68% stake in United Gulf Fishery Products LLC. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key Details of the Loan Agreement

Particulars Details
Lender Mukka Proteins Limited
Borrower M/s. United Gulf Fishery Products LLC
Nature of Loan Unsecured loan
Amount of Loan Up to Rs 9.10 crore
Date of Execution July 9, 2026
Interest Rate 8% per annum
Tenure 5 years from date of disbursal
Amount Outstanding Rs 3,01,22,744.17

The filing was signed by Mehaboobsab Mahmadgous Chalyal, Company Secretary & Compliance Officer of Mukka Proteins Limited.

Historical Stock Returns for Mukka Proteins

1 Day5 Days1 Month6 Months1 Year5 Years
+0.52%+0.26%-2.37%-1.41%-17.06%-45.33%

What specific urgent business commitments is United Gulf Fishery Products LLC addressing with this loan?

How will this loan impact Mukka Proteins' liquidity and capital allocation strategy over the next five years?

What are the expected revenue or operational benefits for the subsidiary that will justify the 8% interest cost?

Mukka Proteins confirms no encumbrance on promoter shares in FY26

1 min read     Updated on 04 Jul 2026, 05:54 AM
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Mukka Proteins Ltd disclosed that its promoters and promoter group did not encumber any shares during FY26. The filing to NSE and BSE under SEBI regulations lists 57 entities, with top promoters holding over 90% of the disclosed equity.

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Mukka Proteins Ltd confirmed that its promoters and promoter group, along with persons acting in concert, did not create any encumbrance on shares held directly or indirectly during the financial year ended March 31, 2026. This disclosure ensures that the shareholding structure remains unpledged, providing stability to the company's ownership base. The confirmation was submitted to the National Stock Exchange of India Limited and BSE Limited.

The filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document was signed by Promoter Mohammed Haris K on April 6, 2026. The disclosure includes a comprehensive list of 57 entities categorized as promoters or promoter group, detailing their respective shareholding status.

The list of promoters and promoter group entities includes individuals and corporate bodies. While several key promoters hold significant equity stakes, a majority of the listed entities hold Nil shares. The disclosure serves as a formal declaration of the non-encumbrance status for the specified financial year.

Shareholding Details

The following table outlines the shareholding of the promoters and promoter group members as disclosed in the filing:

Sl. No. Name Promoter/ Promoter Group No. of Equity Shares held
1 Mohammed Haris K Promoter 9,06,86,800
2 K Mohammed Althaf Promoter 4,84,00,400
3 K Mohammad Arif Promoter 4,84,00,400
4 Kalandan Abdul Razak Promoter Group 2,20,00,000
5 Umaiyya Banu Promoter Group 1,05,11,200
6 Zareena Banu Promoter Group 400
7 Razeena Khatheeja Promoter Group 400
8 Aisha Shabnam Promoter Group 400

The remaining 49 entities listed in the annexure, including various individuals and private limited companies such as Shipwaves Online Limited, Umaya Developers Private Limited, and Sulthan Gold Private Limited, reported Nil shareholdings.

Historical Stock Returns for Mukka Proteins

1 Day5 Days1 Month6 Months1 Year5 Years
+0.52%+0.26%-2.37%-1.41%-17.06%-45.33%

How will the unpledged status of the promoter holdings influence investor confidence and institutional interest in Mukka Proteins?

Does the significant concentration of shares among the top three promoters pose any governance risks for minority shareholders?

What are the company's strategic capital allocation plans given the stable ownership structure and lack of encumbrance?

More News on Mukka Proteins

1 Year Returns:-17.06%