Mukka Proteins Limited — Others, 15-05-2025: Giving guarantees/indemnity/ becoming a surety for third party

Mukka Proteins Limited has announced a board meeting approving corporate guarantees for two related entities. It will support an overdraft facility of Rs. 6.03 Cr for its Oman subsidiary, Ocean Aquatic Proteins LLC, and a Rs. 10 Cr working capital loan facility for Shipwaves Online Limited, linked to its directors. These guarantees create contingent liabilities for Mukka Proteins based on the loans availed, reflecting the company’s backing of its subsidiaries and related businesses on arm’s length terms.