Mukka Proteins Limited — Others, 26-07-2025: Giving guarantees/indemnity/ becoming a surety for third party

Mukka Proteins Limited's Board has approved providing a corporate guarantee for Ocean Proteins Private Limited, an associate company. This guarantee, for up to Rs. 35.37 Cr, will help Ocean Proteins secure credit facilities from Axis Bank. While the company's promoters have directorships in Ocean Proteins, the guarantee is stated to be on an arm's length basis. This action creates a contingent liability for Mukka Proteins, meaning the company could be responsible if the associate defaults on these credit lines. Investors should note this potential financial exposure.