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Kings Infra Ventures Ltd has signed an agreement to acquire M/s. Sriaqua Seafoods, a merchant exporter based in Vishakhapatnam, Andhra Pradesh. The deal is structured as a performance-linked transfer of business on a going-concern basis, with valuation tied to mutually agreed KPIs to be achieved over the next six months. The Board approved the proposal on 22 April 2025 and the agreement was concluded at Kochi on 2 May 2025; Sriaqua will now operate under the Kings Infra brand, with all existing contracts honored. The company also plans to set up a seafood distribution entity in the UAE, with Sriaqua's Managing Partner, Mr. Sreeram Inagalla, taking charge as CEO of international operations. Andhra Pradesh accounts for roughly 32% of India's seafood exports, and Visakhapatnam Port handled 3.14 lakh tonnes worth ₹17,983 crore in FY24, underlining the strategic significance of this market entry.
This acquisition gives Kings Infra a direct foothold in India's largest seafood-export state and the country's top export hub, which could lift export volumes and revenue over time. The performance-linked deal structure reduces upfront risk for Kings Infra but ties the full payoff to Sriaqua hitting its six-month KPIs, so shareholders should watch for execution updates and any further financial disclosures on valuation.