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The affected fishermen include Hemant Uchila, Santosh Uchila, Sadhana Uchila, Shekhar Someshwara, and Yogesh Someshwara.
The incident reportedly occurred on a harsh sunny day, leading to doubts about whether it was a result of the weather or a deliberate arson by miscreants.
This is not the first such incident to occur in the area, as in March last year, two country boats and a fishing net were destroyed in a similar fire, causing losses of lakhs of rupees.
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A case has been registered at the Ullal police station in connection with the incident.