Mukka Proteins Limited , a prominent player in the protein industry, has significantly broadened its business horizons following shareholder approval at its 15th Annual General Meeting (AGM) held on September 18, 2025. The company's Memorandum of Association has been amended to include four new strategic business areas, marking a bold step towards diversification and sustainable growth.

Expanded Business Scope

The newly approved amendments to Mukka Proteins' Memorandum of Association outline the following additions to the company's business scope:

1. Insect-Based Products: The company will now engage in the manufacturing and distribution of ingredients derived from insects for human consumption, animal feeds, and medical preparations. This move aligns with the growing global interest in alternative protein sources and sustainable food solutions.

2. Waste Management Services: Mukka Proteins is set to enter the waste management sector, focusing on the treatment of various types of waste, including plastic, metal, organic, and food waste. The company aims to convert these materials into value-added products, contributing to circular economy initiatives.

3. Agricultural Chemicals and Fertilizers: The company will expand into the production and distribution of humic acid, fulvic acid, organic fertilizers, and agricultural chemicals. This venture is expected to cater to the increasing demand for organic and sustainable farming solutions.

4. Comprehensive Agricultural Operations: Mukka Proteins will now engage in a wide range of agricultural activities, including cultivation, processing, marketing, and trading of various agricultural products and commodities. The scope also covers allied agri-services such as farm mechanization, agricultural consultancy, soil testing, and contract farming operations.

Global Expansion and Operational Flexibility

Notably, the amended Memorandum of Association allows Mukka Proteins to conduct these new business activities both within India and internationally. The company has the flexibility to operate through subsidiaries, associates, or joint ventures, potentially paving the way for global partnerships and expansion.

Strategic Diversification

This strategic diversification represents a significant shift for Mukka Proteins, traditionally known for its focus on protein-based products. The move into insect-based ingredients, waste management, and comprehensive agricultural operations signals the company's intent to capitalize on emerging trends in sustainable food production, environmental management, and agricultural technology.

Conclusion

The expansion of Mukka Proteins Limited's business scope reflects the company's adaptability to changing market demands and its commitment to sustainable business practices. As the company ventures into these new areas, stakeholders will be keen to observe how these diversified operations impact Mukka Proteins' growth trajectory and market position in the coming years.

Investors and industry observers will likely monitor the implementation of these new business lines and their potential to create additional value streams for the company. The success of these ventures could position Mukka Proteins as a more diversified and resilient player in the evolving landscape of food, agriculture, and environmental solutions.

Mukka Proteins Limited , a prominent player in the protein industry, has been served with a substantial Goods and Services Tax (GST) demand notice amounting to ₹141.06 crore for the financial year 2021-22. The notice, issued by the State Tax Officer in Porbandar, Gujarat, represents a significant tax liability that the company must address.

Details of the GST Demand

According to the company's disclosure to the stock exchanges, the GST demand breaks down as follows:

Reasons for the Demand

The State Tax Officer has cited several discrepancies in Mukka Proteins' tax filings for FY 2021-22, including:

1. Inconsistencies in turnover reporting
2. Short payment of GST
3. Differences in reconciliation between GSTR-1, GSTR-3B, and GSTR-9
4. Excess input tax credit availed
5. Ineligible ITC under Section 17(5)
6. Late filing of GSTR-1

Company's Response

Mukka Proteins has acknowledged receipt of the intimation in Form DRC-01A under Section 73 of the CGST/GGST Act. The company stated that it is currently examining the matter and will take appropriate action within the stipulated timeframe.

In its communication to the stock exchanges, Mukka Proteins expressed its view that the demand is not maintainable. The company is evaluating all options, including the possibility of filing an appeal against the demand.

Potential Impact

While the GST demand represents a substantial sum, Mukka Proteins has indicated that it does not anticipate any significant impact on its financials, operations, or other activities at this stage. However, the resolution of this tax issue will be crucial for the company's financial planning and regulatory compliance going forward.

Investors and stakeholders will likely keep a close watch on how Mukka Proteins navigates this tax challenge and its potential implications for the company's financial health in the coming months.