
Mukka Proteins Announces Quarterly Results, Approves Strategic Investment in Waste Management, and Re-appoints Key Leadership
Mukka Proteins Limited, a manufacturer and exporter of steam dried fish meal, fish oil, and fish soluble paste, reported its unaudited consolidated and standalone financial results for the quarter ending June 30, 2026. The company also announced significant corporate governance decisions, including key re-appointments of directors and made an investment into Swachha Eco Solutions Private Limited (SESPL).Financial Performance Highlights
The Board of Directors reviewed the unaudited consolidated financial results for the three-month period ending June 30, 2026. The company also provided its unaudited standalone financial results.Consolidated revenue from operations stood at ₹4,748.04 million for the quarter ended June 30, 2026, compared to ₹1,648.81 million in the corresponding period of the previous year. Total income was reported at ₹4,912.47 million.
The unaudited consolidated performance and key financial metrics are detailed below:
| Metric | Quarter Ended June 30, 2026 (Un-Audited) | March 31, 2026 (Audited) | June 30, 2025 (Un-Audited) | March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Revenue from Operations | 4,896.54 million | 3,806.01 million | 1,707.74 million | 14,494.53 million |
| Total Income | 4,912.47 million | 3,957.95 million | 1,733.28 million | 14,781.35 million |
| Profit after Tax (Consolidated) | 186.34 million | 213.59 million | 15.89 million | 570.86 million |
| Total Comprehensive Income | 196.55 million | 204.91 million | 15.36 million | 564.73 million |
For the standalone company, total revenue from operations for the quarter ended June 30, 2026 was ₹4,058.56 million. Profit after tax stood at ₹194.07 million, while total comprehensive income reached ₹199.36 million.
Strategic Investment in Waste Management
The Board approved an investment into Swachha Eco Solutions Private Limited (SESPL) to expand the company's Waste Management segment. The acquisition involves a capital contribution of ₹64,92,500.Key details regarding the investment in SESPL are as follows:
| Particular | Details |
|---|---|
| Target Entity Name | Swachha Eco Solutions Private Limited (SESPL) |
| Industry | Collection, treatment and disposal of all types of waste |
| Total Consideration | ₹64,92,500/- |
| Shares Acquired | 26,500 equity shares at ₹250 per share |
| Post-acquisition Shareholding | 25.98% |
SESPL is a company incorporated on September 12, 2017, and its financial performance as of March 2025 was reported with a Net worth of ₹(2,10,22,476).
Corporate Governance and Leadership Changes
The Board meeting resulted in several re-appointments for senior management and independent directors.Director Re-appointments:
Three directors were re-appointed for a second term of five consecutive years, commencing from January 15, 2027, to January 14, 2032, subject to shareholder approval at the ensuing Annual General Meeting:
- Mr. Karkala Shankar Balachandra Rao (DIN: 03589394) was re-appointed as a Non-Executive Independent Director.
- Mr. Hamad Bava (DIN: 09448423) was re-appointed as a Non-Executive Independent Director.
- Mr. Narendra Surendra Kamath (DIN: 07255904) was re-appointed as a Non-Executive Independent Director.
Senior Management Re-appointments:
The company also approved the following re-appointments for a period of five years, commencing from January 20, 2027, to January 19, 2032:
- Mr. Kalandan Mohammed Haris (DIN: 03020471) was re-appointed as Managing Director and Chief Executive Officer.
- Mr. Kalandan Mohammed Althaf (DIN: 03051103) was re-appointed as Whole-Time Director and Chief Financial Officer.
- Mr. Kalandan Mohammad Arif (DIN: 03020564) was re-appointed as Whole-Time Director and Chief Operating Officer.
Cancellation of Financing Plan
The Board also approved the cancellation and withdrawal of the proposed issuance of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferable, INR Denominated Non-Convertible Debentures aggregating up to ₹75,00,00,000/- on a private placement basis.The 16th Annual General Meeting (AGM) is scheduled for Thursday, September 10, 2026, at 3:00 p.m., and will be held through Video Conferencing/Other Audio-Visual Means.
MUKKA Stock Price Movement
Mukka Proteins Limited shares rallied on Wednesday, edging up 3.03% to close at ₹24.18.The stock finished well within its trading band and the volume was recorded at 695,575 shares.
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