Mukka Proteins Limited has informed the Exchange about completion of further acquisition of shares in Ocean Proteins Private Limited.
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Mukka Proteins has completed the acquisition of 1,04,500 equity shares of Ocean Proteins Private Limited (OPPL) at face value of Rs. 100 per share, for a total cash consideration of about Rs. 1.045 crore. With this purchase, Mukka Proteins' holding in OPPL has risen to 51%, making OPPL a subsidiary of Mukka Proteins effective 30th December 2025. OPPL operates in the same line of business as Mukka Proteins — manufacturing and exporting frozen fish, shrimp and surmi — and had a turnover of Rs. 50.7 crore in FY25, nearly double the Rs. 28.2 crore in FY24, though it reported a small loss of Rs. 0.82 crore in FY25. The acquisition is part of Mukka Proteins' strategic plan to expand its frozen fish business. OPPL was previously an associate (related party) of Mukka Proteins, and the deal was carried out on an arm's length basis.
This is a modest-sized, tuck-in acquisition that consolidates Mukka Proteins' control (51% subsidiary status) in a same-industry player, supporting its frozen seafood expansion. The small cash outlay limits financial risk, but investors should note OPPL is currently loss-making, so the near-term earnings impact may be muted.