Mukka Proteins Limited has received a significant Bond Enforcement Order from the Commissioner of Customs, Mangaluru, demanding recovery of customs duty amounting to ₹7.67 crores along with applicable interest. The company disclosed this development to stock exchanges on December 30, 2025, under Regulation 30 of SEBI listing requirements.

Details of the Customs Order

The Bond Enforcement Order No. 26/2025-26, received by the company on December 29, 2025, pertains to advance licences issued by the Directorate General of Foreign Trade (DGFT) under which duty-free imports were made. The order has been issued by the Assistant Commissioner of Customs at the Office of the Commissioner of Customs, New Customs House, Panambur, Mangaluru.

Allegations and Financial Impact

The customs authorities have alleged non-submission of evidence towards fulfilment of export obligations and non-furnishing of Export Obligation Discharge Certificate (EODC) within the prescribed timelines. Based on these allegations, customs has enforced the bonds executed by the company and ordered recovery of the customs duty.

Company's Response

Mukka Proteins Limited has stated that it is currently examining the order and evaluating appropriate steps to address the matter. The company indicated it is considering submission of relevant documents and exploring remedies available under law. The disclosure was signed by Company Secretary and Compliance Officer Mehaboobsab Mahmadgous Chalyal.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both NSE and BSE about this development. The detailed disclosure was provided in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

According to the company's assessment, except for the customs duty amount and applicable interest mentioned in the order, there is no other expected impact on the financials or operations of the company.

Mukka Proteins has announced that its board of directors has approved the formation of a new company named MPL HRC Ecosolutions LLP. This strategic initiative marks the company's entry into the waste management sector, representing a significant expansion of its business operations.

New Venture Details

The newly approved entity, MPL HRC Ecosolutions LLP, will focus specifically on waste management initiatives. This development indicates Mukka Proteins' strategic diversification beyond its traditional business activities into environmental solutions.

Strategic Implications

The board's decision to greenlight this new venture demonstrates the company's commitment to expanding its operational footprint. By entering the waste management sector, Mukka Proteins is positioning itself in the growing environmental solutions market.

This initiative reflects the company's strategic approach to business diversification and its focus on sustainable practices. The formation of MPL HRC Ecosolutions LLP represents a calculated move to explore new revenue streams while contributing to environmental management solutions.