Fishing exclusion zones aim to reduce cetacean bycatch, but often neglect social and ecological side effects, exacerbating social injustices and reshaping fishing practices. We present a case study of an endangered population of Lahille's bottlenose dolphins (Tursiops truncatus gephyreus) in a Brazilian coastal lagoon, known for its unique cooperation with net-casting fishers. However, the local small-scale fisheries (SSF) also employ other fishing gears that contribute to dolphin bycatch, prompting the enforcement of a fishing ban in the area. We investigated fishers' socioeconomic conditions, evidence of social disparities, perceptions on dolphin bycatch, and projected changes on fisheries activities to understand the repercussions of the ban. We categorized 128 surveyed fishers into five groups based on socioeconomic factors and their reliance on dolphin-cooperative and gillnet fisheries. Our findings revealed significant disparities in social capital among fishers and their different attitudes towards dolphin bycatch, highlighting unforeseen consequences. To investigate how fishers would likely shift fishing practices, we considered two management scenarios: 1) should dolphin-fishing cease due to unsuccessful bycatch mitigation, fishing efforts would shift towards shrimp trawling, seine nets, and gillnet effort; 2) if gillnet-fishing is successfully banned as a bycatch mitigation measure, a shift to shrimp trawling and cast net effort. Both scenarios would intensify pressure on shrimp stocks, which are already heavily exploited in this socioecological system. Our research underscores the importance of contemplating alternatives to achieve sustainable outcomes when designing bycatch mitigation measure. Furthermore, our results point to the importance of a participatory governance approach, grounded in the socioeconomic context, to safeguard the livelihoods of small-scale fishers and foster broader conservation efforts beyond species-specific concerns.