Mukka Proteins Limited has informed the Exchange about Acquisition
MUKKA · price
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Mukka Proteins Limited's Board has approved the incorporation of a Partnership Firm named 'MPL FC HRC JV' in Bangalore, Karnataka. The firm will engage in treatment and disposal of animal waste and is being formed to execute a project pursuant to a work order received by the Company's Joint Venture. The company will hold 51% capital contribution and profit-sharing in the new firm with a proposed capital of Rs. 5,00,000. The acquisition cost is Rs. 2,55,000 (cash consideration), and the deal is expected to be completed by 31 July 2026. This is not a related party transaction.
This represents a strategic expansion into animal waste management services, a new vertical for Mukka Proteins. The 51% controlling stake allows the company to consolidate this joint venture. Given the small capital investment (Rs. 2.55 lakh), the financial impact on the company is likely minimal in the near term, though it opens potential new revenue streams.