Mukka Proteins Limited — Updates, 26-03-2025: Press Release

Mukka Proteins Limited has strengthened its core business with the strategic acquisition of a 51% stake in GSM Marine Export for ₹14.00 crore. This move is aimed at enhancing processing capabilities and securing additional raw material supply chains to meet rising global demand for fish meal and fish oil, essential components in aquafeed and animal nutrition.

GSM Marine Export, which saw its revenue grow from ₹4.83 crore in FY 2022-23 to ₹32.35 crore in FY 2023-24, offers significant growth prospects. The acquisition is expected to optimize Mukka Proteins' operational efficiency and directly enhance its production capacity, solidifying its leadership in the fish meal market. The transaction is anticipated to close by June 30, 2025, subject to standard conditions. Investors should watch closely as this acquisition may bolster Mukka's competitive advantage and market standing.