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 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:

Original GST Demand Breakdown

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

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.