Mukka Proteins Limited Expands Business Scope, Venturing into Insect-Based Products, Waste Management, and Agriculture

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:

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.
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.
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.
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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.45%	-0.78%	-1.75%	-19.22%	-38.39%	-42.98%

Mukka Proteins Limited , a prominent player in the protein industry, has successfully resolved its GST litigation matter with tax authorities issuing a final order showing zero demand. The company received the final order dated December 18, 2025, under Section 73 of the CGST/GGST Act, along with Form GST DRC-07, concluding all proceedings that began with a substantial ₹141.06 crore GST demand notice for FY 2021-22.

Timeline of GST Proceedings Resolution

The GST case underwent significant developments from the initial demand to final resolution:

Stage	Details	Amount
Initial Demand (Form DRC-01A)	GST demand from State Tax Officer, Porbandar	₹141.06 crore
Show Cause Notice (Form DRC-01)	Reduced demand after examination	₹27.16 lakh
Final Order (Form GST DRC-07)	All proceedings dropped	Zero demand

Original GST Demand Breakdown

The initial GST demand notice for FY 2021-22 had comprised multiple components:

Component	Amount (₹)
Total Tax Liability	77,77,89,576
Interest	55,50,22,117
Penalty	7,77,78,956
Late Fee	1,200
Original Total Demand	1,41,05,91,849

Issues Cited in Original Notice

The State Tax Officer had initially cited several discrepancies in Mukka Proteins' tax filings for FY 2021-22, including inconsistencies in turnover reporting, short payment of GST, differences in reconciliation between GSTR-1, GSTR-3B, and GSTR-9, excess input tax credit availed, ineligible ITC under Section 17(5), and late filing of GSTR-1.

Final Resolution Details

According to the company's latest disclosure to stock exchanges, the final order reflects nil demand with no tax, interest, penalty, or late fee payable by the company for FY 2021-22. The proceedings initiated pursuant to the Show Cause Notice have been concluded and dropped by the tax authorities. This complete resolution means no financial liability subsists against the company pursuant to the final order.

Impact on Company Operations

The successful resolution of this GST matter eliminates the potential financial burden that was initially estimated at over ₹141 crore. As Mukka Proteins had previously indicated, the company maintained that the original demand was not maintainable, and the final outcome validates this position. The litigation now stands fully resolved, providing clarity for the company's financial planning and regulatory compliance going forward.