Mukka Proteins Limited has reached a major milestone in its sustainability journey with the formal listing of its Black Soldier Fly (BSF) project on the Verra Registry. The company's 300 TPD wet-waste processing operations in Bengaluru have been registered under Project ID 5893, marking significant progress toward carbon credit generation.

Verra Registry Listing and Validation Process

The BSF-driven municipal wet-waste processing initiative, currently operational under the company's empanelment with Bengaluru Solid Waste Management Limited, has entered the mandatory 30-day public comment period following its Verra listing. This represents the next formal step in Verra's carbon credit registration workflow.

Following the public comment period, an accredited validation and verification body will conduct on-site assessment and prepare the final validation report to complete the VCS registration cycle. VCU eligibility currently applies specifically to the 300 TPD operational BSF facility, with performance monitoring and validation activities underway.

Capacity Expansion Approval

Mukka Proteins has received incremental approval to expand its processing capacity significantly within Bengaluru's integrated waste-management framework. The expansion represents a substantial increase from the previously announced 200-300 TPD capacity.

The project is structured as a grouped project under the VCS program, enabling phased inclusion of additional processing modules. As each phase of the expanded capacity becomes operational and validated, additional carbon credits will be generated and registered according to Verra's validation and verification requirements.

Strategic Impact and Future Potential

The phased structure ensures that while current 300 TPD operations advance toward carbon credit issuance, future capacity additions up to 1,000 TPD will support progressively larger VCU generation. This approach strengthens long-term sustainability and revenue-diversification potential for the company.

Mr. Kalandan Mohammed Haris, CEO & MD, commented on the development: "The listing of our Bengaluru BSF project on the Verra Registry marks a key advancement in our carbon credit roadmap. While carbon certification is underway for the ongoing 300 TPD operations, our newly approved pathway to scale up to 1,000 TPD positions us to expand this platform significantly over the coming phases."

Company Background

Mukka Proteins Limited operates as one of India's prominent manufacturers and exporters of fishmeal, fish oil, and fish-soluble paste. The company maintains a strong export presence across 25+ countries with diversified operations in India and the Middle East. Key operational highlights include:

• Market share of 25-30% in India's fishmeal and fish oil market
• Installed capacity of 2,64,390 MT per year across fish meal, fish oil and fish soluble paste
• Recognition as 311th in FT1000 High Growth Companies Asia-Pacific 2025 edition
• Strategic manufacturing and blending facilities for supply reliability

The BSF project represents the company's expansion into waste-to-value solutions and circular-economy technology, complementing its core aquaculture and animal nutrition business segments.

Mukka Proteins Limited has entered into a strategic partnership through the execution of a Limited Liability Partnership (LLP) agreement on January 22, 2026. The agreement involves Msjathin Infra Private Limited and Mr. Hardik Gowda for the incorporation of MPL HRC Ecosolutions LLP, marking the company's expansion into environmental solutions.

Partnership Structure and Capital

The newly formed LLP represents a collaborative venture with specific capital and management arrangements:

Business Scope and Operations

MPL HRC Ecosolutions LLP will operate in the environmental management sector, focusing on:

• Treatment and disposal of legacy leachate
• Water treatment solutions
• Bio waste management and related services

The partnership agreement defines the terms of business operations and management structure of the LLP, with Mukka Proteins appointing its Managing Director and CEO to represent the company's interests as the designated partner.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key regulatory aspects include:

The agreement does not involve any related party transactions, and the partnering entities are not connected to the promoter or promoter group in any manner. No shareholding exists between Mukka Proteins and the agreement parties.

Strategic Implications

This partnership represents Mukka Proteins' diversification into the environmental solutions sector, complementing its core business of manufacturing and exporting steam dried fish meal, fish oil, and fish soluble paste. The LLP structure provides operational flexibility while allowing the company to explore new business opportunities in waste management and water treatment services.

The formation of MPL HRC Ecosolutions LLP demonstrates the company's commitment to expanding its business portfolio beyond traditional protein manufacturing into sustainable environmental solutions, potentially creating new revenue streams in the growing waste management sector.