Mukka Proteins Acquires 51% Stake in GSM Marine Export for ₹14 Crore

Mukka Proteins Limited has announced the successful acquisition of a 51% stake in GSM Marine Export, a partnership firm engaged in the manufacturing of fish meal and fish oil. The acquisition, finalized through capital contribution for a consideration not exceeding ₹14 crore, is in line with the company’s strategic vision to strengthen its core business operations.

In its regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mukka Proteins confirmed that the transaction was completed on April 21, 2025. The company had earlier intimated the stock exchanges about this strategic investment on March 25 and March 27, 2025.

GSM Marine Export, incorporated on March 24, 2021, has shown remarkable growth in a short span. The firm posted a turnover of ₹32.35 crore and a profit after tax (PAT) of ₹7.68 lakh for FY 2023–24, a sharp rise from ₹4.83 crore turnover in FY 2022–23. It operates in India and specializes in the production of fish meal and fish oil, widely used in aquaculture and animal feed industries.

The acquisition does not qualify as a related party transaction, and there is no interest held by the promoter, promoter group, or group companies in GSM Marine Export. The transaction has been executed on an arm’s length basis.

Commenting on the rationale behind the acquisition, Mukka Proteins stated that the investment was made as part of its long-term strategic plans to enhance scale and capacity within its primary line of business. With control now secured at 51%, the company expects to drive operational synergies and improve market penetration in the fish-based product segment.

No regulatory or governmental approvals were required for the completion of this acquisition.

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