Mukka Proteins Provides Loan Funding of Up To Rs 9.1 Crore to Subsidiary United Gulf Fishery Products
Mukka Proteins Limited has entered into a loan agreement with its subsidiary, M/s. United Gulf Fishery Products LLC. The transaction facilitates an Inter Corporate Loan intended for urgent business commitments within the group.The agreement between Mukka Proteins Limited and the borrower company involves a maximum loan amount of up to Rs 9,10,00,000/- (Rupees Nine Crore Ten Lakh Only). This financial arrangement was executed on July 9, 2026.
Mukka Proteins Limited holds a 68% stake in M/s. United Gulf Fishery Products LLC. The transaction has been confirmed as being conducted on an arm's length basis.
Key terms of the agreement include a fixed interest rate of 8% per annum (p.a.). The tenure for the loan is set at five years, starting from the date of disbursal.
The details of the financial commitment are summarized below:
| Aspect | Details |
|---|---|
| Lender | Mukka Proteins Limited |
| Borrower | M/s. United Gulf Fishery Products LLC |
| Nature of Loan | Unsecured loan |
| Maximum Amount Granted | Up to Rs 9,10,00,000/- |
| Date of Execution | July 9, 2026 |
| Security Provided | Unsecured loan |
| Outstanding Amount (as on date of disclosure) | Rs 3,01,22,744.17/- |
The agreement stipulates that M/s. United Gulf Fishery Products LLC is a subsidiary company, confirming the related party nature of the transaction. There were no other specific disclosures noted regarding potential conflicts of interest in relation to this loan facility.
MUKKA Stock Price Movement
Today, Mukka Proteins Limited shares rallied, concluding the session at ₹23.33 after rising 2.64%. The stock traded a total volume of 212,206 shares during the market day.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.