Mukka Proteins Limited — Others, 25-03-2025: Giving guarantees/indemnity/ becoming a surety for third party

The Board of Directors of Mukka Proteins Limited has announced a board meeting during which they approved the issuance of a corporate guarantee for Shipwaves Online Limited, a company connected to some of its directors. This guarantee will secure a Working Capital Demand Loan facility of up to ₹7.5 crore from Axis Bank Limited. Although this move creates a contingent liability for Mukka Proteins, it's assessed to be on an arm's length basis. Investors may view this as a potential risk given the additional liability, but it also reflects strategic support within the group's companies.