Mukka Proteins Ltd

Acquisition overview

• Target Aqua Marine, a partnership firm; line of business and country not disclosed.
• Value up to Rs 15 crore for 51% stake via capital contribution.
• Related party: promoter/group interests not disclosed.
• Industry/sector: not disclosed.
• Purpose: strategic investment via capital contribution; details not specified.
• Regulatory approvals: not specified.
• Timeline: originally 30 Sept 2026; revised to 31 Jan 2027.
• Form of consideration: capital contribution.
• Background: Aqua Marine's products/services not disclosed; incorporation date/turnover not provided.

Mukka Proteins Limited: Trading window closed from 1 October 2026 till 48 hours after the declaration of financial results for the quarter and half year ending 30 September 2026

Meeting Details

• Original date: 28 September 2026; one-on-one virtual meeting with Suraag Capital.
• Rescheduled to 29 September 2026; virtual meeting.

Participants

• Key company participants: not disclosed in the filing.

Purpose

• Purpose: investor interaction with analysts/institutional investors.

Additional Notes

• Latest Investor Presentation available on the company's website.

Meeting Details

• Date: 25 September 2026; Virtual one-on-one meeting with IFC.
• Organizer: International Finance Corporation (IFC).
• Nature: One-on-one; Virtual meeting.

Participants

• Company participants: management roles not disclosed in filing.

Purpose

• Purpose: Analyst/institutional investor meeting.

Additional Notes

• Copy of latest investor presentation available on the company website.

Meeting Details

• Date: Thursday, 17 September 2026.
• Mode: Virtual one-on-one meeting.
• Organizer: ADD Capital.
• Type: One-on-one investor meeting.
• Time: not specified.

Participants

• Company participants: Management representatives (roles not disclosed).

Purpose

• Purpose: One-on-one investor meeting with ADD Capital.

Additional Notes

• Latest investor presentation available on the company website.

AGM Details

• AGM held on 10 September 2026 at 3:00 PM IST via video conference/AVM.
• Shareholders cut-off date for voting: 3 September 2026.
• Meeting conducted in compliance with Companies Act 2013 and MCA/SEBI circulars.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited Standalone and Consolidated Financial Statements.
• Resolution 2 (Ordinary): Re-appoint Kalandan Mohammad Arif as Director.
• Resolution 3 (Ordinary): Re-appoint Umaiyya Banu as Director.
• Resolution 4 (Special): Increase borrowing limit under Companies Act 2013.
• Resolution 5 (Special): Approve mortgage/charge on assets.
• Resolution 6 (Special): Re-appoint Karkala Shankar Balachandra Rao as Non-Executive Independent Director.
• Resolution 7 (Special): Re-appoint Hamad Bava as Non-Executive Independent Director.
• Resolution 8 (Special): Re-appoint Narendra Surendra Kamath as Non-Executive Independent Director.
• Resolution 9 (Special): Re-appoint Kalandan Mohammed Haris as MD and CEO.
• Resolution 10 (Special): Re-appoint Kalandan Mohammed Althaf as Whole-Time Director and CFO.
• Resolution 11 (Special): Re-appoint Kalandan Mohammad Arif as Whole-Time Director and COO.
• Resolution 12 (Ordinary): Approve related party transactions with Atlantic Marine Products Private Limited.
• Resolution 13 (Ordinary): Approve related party transactions with Progress Frozen and Fish Sterilization.
• Resolution 14 (Ordinary): Approve related party transactions with Ullal Fish Meal and Oil Company.
• Resolution 15 (Ordinary): Approve related party transactions with Mangalore Fish Meal and Oil Company.

Voting Results

• All resolutions passed with requisite majority.
• Related party votes on resolutions 12, 14, and 15 were invalidated; resolutions still passed.
• Overall voting showed strong in-favour support (approximately 99.99% in favour across resolutions).

Director Changes

• Kalandan Mohammad Arif re-appointed as Whole-Time Director and COO.
• Umaiyya Banu re-appointed as Director.
• Karkala Shankar Balachandra Rao appointed as Non-Executive Independent Director.
• Hamad Bava appointed as Non-Executive Independent Director.
• Narendra Surendra Kamath appointed as Non-Executive Independent Director.
• Kalandan Mohammed Haris appointed as Managing Director and Chief Executive Officer.
• Kalandan Mohammed Althaf appointed as Whole-Time Director and Chief Financial Officer.
• Kalandan Mohammad Arif appointed as Whole-Time Director and Chief Operating Officer.

Auditor Appointments

• No auditor appointment/rotation changes disclosed.
• Financial statements approved with reports of existing Auditors.

Material Related Party Transactions

• Approved related party transactions with Atlantic Marine Products Private Limited.
• Approved related party transactions with Progress Frozen and Fish Sterilization.
• Approved related party transactions with Ullal Fish Meal and Oil Company.
• Approved related party transactions with Mangalore Fish Meal and Oil Company.

Other Material Approvals

• Special resolutions approved for increased borrowing limit.
• Special resolutions approved for creation of mortgage/charge on assets.

Director and executive re-appointments

• Re-appoints Karkala Shankar Balachandra Rao as Non-Executive Independent Director for 5-year term (2027–2032).
• Re-appoints Hamad Bava as Non-Executive Independent Director for 5 years (2027–2032).
• Re-appoints Narendra Surendra Kamath as Independent Director for 5-year term (2027–2032).
• Re-appoints Kalandan Mohammed Haris as MD & CEO for 5 years (Jan 2027–Jan 2032).
• Re-appoints Kalandan Mohammed Althaf as Whole-Time Director and CFO for 5 years (Jan 2027–Jan 2032).
• Re-appoints Kalandan Mohammad Arif as Whole-Time Director and COO for 5 years (Jan 2027–Jan 2032).
• Not debarred from holding office as director per SEBI/exchange circulars.
• 16th AGM approved these re-appointments at its meeting on 10 September 2026.

AGM Details

• Date and time: 10 September 2026, 3:00 PM IST.
• Mode: VC/OAVM; conducted per MCA/SEBI circulars.
• Duration: concluded at 4:26 PM IST.
• Proxy not required due to virtual meeting.

Ordinary Resolutions

• Adopt audited standalone and consolidated financial statements for the year.
• Re-appoint director retiring by rotation.
• Re-appoint another director retiring by rotation.

Special Resolutions

• Special: Increase in overall borrowing limit under Companies Act.
• Special: Approve mortgage/charge creation limit on assets.
• Special: Re-appoint non-executive independent director.
• Special: Re-appoint non-executive independent director (second).
• Special: Re-appoint non-executive independent director (third).
• Special: Re-appoint MD & CEO.
• Special: Re-appoint WTD & CFO.
• Special: Re-appoint WTD & COO.
• Special: Approve related party transactions with entity A.
• Special: Approve related party transactions with entity B.
• Special: Approve related party transactions with entity C.
• Special: Approve related party transactions with entity D.

Voting Status

• Voting results to be declared after Scrutinizer's report.
• Results to be uploaded on the company's website and with stock exchanges.

Warrant Allotment

• Board approved allotment of 2,00,00,000 convertible warrants to non-promoter investors at Rs 23.50 each, totalling Rs 47 crore.
• Upfront 25% subscription of Rs 5.88 per warrant received.
• Each warrant is exercisable into one equity share on payment of 75% within 18 months; lock-in applies.
• Annexures list 15 non-promoter allottees and respective warrant counts.

Operational capacity and milestones

• Up to 1,000 TPD organic wet waste processing capacity at peak intake.
• Current intake at 200 TPD; ramp to 400 TPD by March 27.
• Further ramp to 1,000 TPD by December 27.
• BSF bioconversion achieves about 80% mass reduction in 10-14 days.
• Existing capacity: 291,720 MT/year across India and Oman.
• FT1000 ranking: 311th in Asia-Pacific 2025 edition.
• Exports to 25+ countries; strong global supply chain and export-grade certifications.
• Insect protein meal >50% crude protein; oil rich in MCTs and lauric acid.
• Waste diversion supports ESG goals with reduced methane emissions.