Stock Report

Mukka Proteins Ltd Strengthens Core Business with Strategic Acquisition of GSM Marine Export

Posted On : 2025-03-26 13:23:05( TIMEZONE : IST )

Mukka Proteins Limited (NSE: MUKKA | BSE: 544135), India's leading fish meal and fish oil producer, has announced the strategic acquisition of a 51% stake in GSM Marine Export, a specialized manufacturer of fish meal and fish oil. This investment, amounting to ₹14.00 crore, aligns with Mukka Proteins' strategy to further add capacity and strengthen its market leadership.

With this acquisition, MPL enhances its processing capabilities, secures additional raw material supply chains, and reinforces its ability to meet the rising global demand for high-quality fish meal and fish oil-critical ingredients in aquafeed, poultry feed, and pet nutrition.

Mohammed Haris, Managing Director & CEO, Mukka Proteins Limited, stated: "This acquisition is a significant step in our growth strategy, allowing us to add more production capabilities while ensuring a more integrated and efficient supply chain. The rising global demand for high-quality fish meal and fish oil presents a tremendous opportunity, and GSM Marine Export's expertise further strengthens our position in this industry."

He further added: "By adding GSM Marine Export to our portfolio, we are directly enhancing our production capacity, optimizing operational efficiency, and further solidifying our leadership in the fish meal industry. This investment strengthens our ability to serve both domestic and international markets with consistent quality and supply."

Transaction Details

- MPL will acquire a 51% stake in GSM Marine Export for a total consideration of ₹14.00 crore through capital contribution in multiple tranches.

- GSM Marine Export recorded a revenue of ₹32.35 crore in FY 2023-24, demonstrating strong growth potential.

- The transaction is expected to be completed by June 30, 2025, subject to customary closing conditions.

Shares of Mukka Proteins Limited was last trading in BSE at Rs. 33.60 as compared to the previous close of Rs. 33.92. The total number of shares traded during the day was 41506 in over 409 trades.

The stock hit an intraday high of Rs. 34.50 and intraday low of 33.50. The net turnover during the day was Rs. 1402305.00.