Mukka Proteins Limited has successfully acquired a 51% stake in GSM Marine Export, a partnership firm involved in the manufacturing of fish meal and fish oil. The total value of the acquisition is not exceeding Rs. 14 crores (Rupees Fourteen Crores Only), achieved through a capital contribution. This acquisition, finalized on 21st April 2025, aligns with Mukka Proteins' strategic investment objectives to expand its core business operations in the manufacturing sector.

The target entity, GSM Marine Export, has a turnover of Rs. 32.35 crores for FY 2023-24 and a profit after tax (PAT) of Rs. 7.68 lakhs in the same period. This acquisition is part of Mukka Proteins’ broader plans to diversify and expand its business within the manufacturing of fish meal and fish oil.

The strategic investment is expected to bring long-term value by enhancing Mukka Proteins’ market presence and production capacity in this high-demand sector. GSM Marine Export, which was incorporated on 24th March 2021, has seen impressive growth, with its turnover increasing from Rs. 4.83 crores in FY 2022 to Rs. 32.35 crores in FY 2024.

This move is not part of any related party transaction, and there are no regulatory approvals required for this acquisition. Mukka Proteins has gained 51% control over GSM Marine Export, ensuring that the company can exert substantial influence on the future direction of its operations.

The cash consideration for this acquisition reinforces the company's commitment to strengthening its position in the fish meal and fish oil manufacturing sector, which plays a crucial role in the overall value chain. This acquisition also underscores the company’s dedication to leveraging strategic investments to drive business growth and market expansion.

Overall, Mukka Proteins' acquisition of 51% of GSM Marine Export marks a significant step in its expansion strategy and is expected to bring positive outcomes in terms of both production and market expansion for the company. With this acquisition, Mukka Proteins is well-positioned to benefit from the growing demand for sustainable and quality fish meal and oil products.

For further details on the acquisition, please refer to the enclosed disclosure document as per Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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