Mukka Proteins Ltd Finalizes Rs 5 Crore Inter-Corporate Loan with Subsidiary
Mukka Proteins Limited has finalized a loan agreement with its subsidiary, M/s. United Gulf Fishery Products LLC. The transaction establishes an inter-corporate loan aimed at supporting the subsidiary's urgent business commitments.The agreement details a lending facility of up to Rs. 5,00,00,000/- (Rupees Five Crore Only). Mukka Proteins Limited is acting as the lender in this transaction, while the subsidiary, United Gulf Fishery Products LLC, serves as the borrower.
The core terms established under the loan agreement feature a fixed rate of interest set at 8% per annum. The tenure for the loan has been set for five years from the date of disbursal.
Details regarding the loan and the parties involved are summarized below:
| Detail | Entity/Description | Specification |
|---|---|---|
| Lender | Mukka Proteins Limited | N/A |
| Borrower | M/s. United Gulf Fishery Products LLC | Subsidiary Company |
| Purpose | Inter Corporate Loan | Owing to urgent business commitments |
| Amount of Loan | Up to Rs. 5,00,00,000/- | Rupees Five Crore Only |
| Interest Rate | 8% p.a. | Annually |
| Tenure | 5 years | From date of disbursal |
| Security Provided | Unsecured loan | N/A |
Governance and relationship aspects of the transaction highlight that Mukka Proteins Limited holds a 68% stake in the borrower. The company noted that United Gulf Fishery Products LLC is a subsidiary. Furthermore, the transaction is classified as a related party transaction, conducted on an arm's length basis.
The loan agreement was executed on 21 April 2026, with the amount of loan outstanding as Nil as of the date of the disclosure.
MUKKA Stock Price Movement
Today, Mukka Proteins Limited shares edged higher, settling at ₹23.93 and marking a gain of 1.52%. The stock saw significant activity in the session, with 142,855 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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