Mukka Proteins board of directors approved the reappointment of three independent directors and three key managerial personnel for five-year terms during a meeting held on August 12, 2026. The appointments, which commence in January 2027, are subject to shareholder approval at the company’s 16th Annual General Meeting.

The board acted on recommendations from the Nomination and Remuneration Committee to secure leadership continuity across both oversight and executive functions. The reappointments cover the period from mid-January 2027 to mid-January 2032 for independent directors, and from late January 2027 to late January 2032 for key managerial personnel.

Independent Director Reappointments

Three non-executive independent directors were approved for their second consecutive five-year terms:

• Mr. Karkala Shankar Balachandra Rao (DIN: 03589394)
• Mr. Hamad Bava (DIN: 094423)
• Mr. Narendra Surendra Kamath (DIN: 07255904)

These directors are not liable to retire by rotation. Their terms begin on January 15, 2027, and end on January 14, 2032.

Key Managerial Personnel Reappointments

Three whole-time directors and executives were also approved for five-year terms beginning January 20, 2027:

Mr. Haris, who serves as managing director and chief executive officer, is not liable to retire by rotation. Mr. Althaf, the chief financial officer, and Mr. Arif, the chief operating officer, are liable to retire by rotation.

Governance Compliance

The disclosures comply with Regulation 30(6) read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The board confirmed that none of the appointees are debarred from holding office by virtue of any SEBI order or other authority.

The meeting commenced at 3:30 pm and concluded at 4:15 pm. Mehaboobsab Mahmadgous Chalyal, company secretary and compliance officer, certified the disclosure.

Shareholders of Mukka Proteins have approved a special resolution to issue warrants convertible into equity shares on a preferential basis, enabling the company to raise capital of up to ₹47 crore. The approval, secured through a postal ballot concluded on July 12, 2026, allows the Board of Directors to allot up to 2 crore warrants at an issue price of ₹23.50 per warrant. This financing structure provides flexibility for future equity conversion while securing immediate funding commitments from non-promoter investors.

The postal ballot process was conducted via remote e-voting from June 13, 2026, to July 12, 2026, with results declared on July 14, 2026. The proposal was initially notified on June 12, 2026, followed by a corrigendum issued on July 6, 2026, after exchanges sought clarifications regarding the preferential issue. Central Depository Services (India) Limited (CDSL) facilitated the e-voting platform, while Chethan Nayak & Associates served as the scrutinizer for the process.

Issue Structure and Terms

The warrant issuance follows specific regulatory frameworks under the Companies Act, 2013, and SEBI ICDR Regulations. Key terms of the issue include:

Warrant holders must pay 25% of the issue price (₹5.875 per warrant) at subscription, which will be adjusted against the final equity share price. The remaining 75% is payable when exercising the warrant. If warrants remain unexercised within 18 months, they lapse and the paid amount is forfeited by the company. The equity shares arising from conversion will rank pari-passu with existing equity shares in all respects, including dividend rights.

Allotment Details

The warrants are being allotted to 15 non-promoter entities and individuals. The allocation reflects diverse investor participation, including individual investors, Hindu Undivided Families (HUFs), and institutional players like Multiplex Capital Limited.

| Proposed Allottee | Category | Warrants Allotted | |---:|:---| | Mr. Irfan Chapra | Non-Promoter | 21,75,000 | | Ms. Reshma Chapra | Non-Promoter | 21,75,000 | | Mr. Vishal Maniar | Non-Promoter | 25,00,000 | | Ms. Payal Maniar | Non-Promoter | 12,00,000 | | Mr. Jasbir Singh Batra | Non-Promoter | 5,00,000 | | Mr. Ranjit Singh Batra | Non-Promoter | 5,00,000 | | Mr. Gurminder Kaur | Non-Promoter | 4,00,000 | | Jasbir Singh And Sons HUF | Non-Promoter | 4,00,000 | | Mr. Sarabdeep Kaur Darshan Singh | Non-Promoter | 4,00,000 | | Ranjit Singh and Sons HUF | Non-Promoter | 4,00,000 | | Multiplex Capital Limited | Non-Promoter | 3,50,000 | | Mr. Hiren Hiralal Shiyal | Non-Promoter | 22,50,000 | | Mr. B A Abdul Nasir | Non-Promoter | 22,50,000 | | Mr. Soofikhan Kalandar Asif | Non-Promoter | 22,50,000 | | Mr. B H Rizwan | Non-Promoter | 22,50,000 |

The floor price for the warrants was determined based on the relevant date of June 12, 2026, as per Regulation 161 of SEBI ICDR Regulations. Allotment must be completed within 15 days of resolution passage, subject to regulatory approvals.

Voting Outcome

The postal ballot received substantial participation from shareholders. Out of 1,30,984 shareholders on the cut-off date of June 10, 2026, 252 members cast votes representing 22,02,62,108 total votes. The resolution passed with overwhelming support:

| Voting Category | Members Voted | Votes Cast | |---:|:---| | Total Votes | 252 | 22,02,62,108 | | Votes in Favour | 218 | 22,01,79,675 | | Votes Against | 34 | 82,433 | | Invalid Votes | - | - |

No shareholder requested modification of votes already cast before the corrigendum issuance. The Chairman, Karkala Shankar Balachandra Rao, declared the resolution passed with requisite majority on July 12, 2026, and results were communicated to stock exchanges and uploaded on the company website on July 14, 2026.