Mukka Proteins Limited has informed the Exchange about execution of Share Purchase Agreement.
MUKKA · price
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Mukka Proteins has signed a Share Purchase Agreement on 25 March 2026 to buy the remaining 2% equity stake in Haris Marine Products Private Limited from four individual shareholders, making it a wholly-owned subsidiary. The company already holds 98% in Haris Marine Products, and this final tranche involves acquiring 2,000 equity shares of Rs. 100 face value each for a total consideration of Rs. 19.64 lakhs. The transaction is classified as a related party transaction since the company's promoters are also shareholders and directors of Haris Marine Products, and has been carried out at arm's length. This follows an earlier intimation dated 12 February 2026 about acquiring additional equity shares in the same investee company.
The financial impact is negligible given the small ticket size of Rs. 19.64 lakhs. However, Haris Marine Products will now become a 100% subsidiary, giving Mukka Proteins full control over the entity and simplifying its group structure. Shareholders are unlikely to see any meaningful stock price movement from this announcement.