Mukka Proteins Limited has informed the Revised Outcome of Board Meeting held on 13th August 2025.
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Mukka Proteins has filed a corrected version of its 13 August 2025 board meeting outcome, fixing date typos (2024 corrected to 2025). The board approved Q1 FY26 unaudited financial results (quarter ended 30 June 2025), alteration of the MOA's object clause to widen business into insect protein, waste management, fertilizers and agriculture, and scheduled the 15th AGM for 18 September 2025 via video conferencing. It also approved a corporate guarantee of ₹1.35 crore for Ocean Proteins Private Limited (associate) in favour of State Bank of India. On the numbers, standalone total income fell to ₹1,391.11 million from ₹1,514.83 million a year ago, while standalone profit after tax dropped to ₹11.35 million (₹13.18 million in Q1 FY25). Consolidated profit for the quarter was ₹15.89 million versus ₹52.55 million in the year-ago quarter, with consolidated revenue largely flat at ₹1,733.28 million. The notes also flag a ₹9.82 crore GST demand under appeal and ongoing acquisition activity including raising the stake in Ocean Proteins to 51%.
Q1 FY26 earnings are weak — consolidated profit fell nearly 70% year-on-year despite steady topline, which may weigh on short-term sentiment. However, the MOA expansion and the series of acquisitions (Ocean Proteins stake hike, FABBCO, Mukka Frozen Impex, Vietnam subsidiary) signal an aggressive growth push, while the AGM notice and corporate guarantee are routine governance items.