Mukka Proteins Limited has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
MUKKA · price
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Awaiting price reaction for this filing.
On 13 August 2025, the Board of Mukka Proteins approved issuing a corporate guarantee in favour of State Bank of India to secure credit facilities being availed by Ocean Proteins Private Limited, an associate company. The guarantee covers credit facilities of up to Rs. 1.35 crore (One Crore Thirty-Five Lakhs). Promoters of Mukka Proteins are interested in Ocean Proteins through their directorships, but the transaction is stated to be at arm's length. The guarantee agreement is yet to be executed.
This creates a contingent liability of up to Rs. 1.35 crore for Mukka Proteins. While the amount is relatively small compared to typical corporate balance sheets, shareholders should note that the company is extending financial support to a related/associate entity, which carries some risk if Ocean Proteins faces any repayment difficulties.