Mukka Proteins Share Price Jump Over 3.09% After Approving 68% Acquisition in Oman-Based United Gulf Fishery Products

Mangaluru, November 13, 2025: The share price of Mukka Proteins Limited (NSE: MUKKA, BSE: 544135) rose 3.09% to ₹26.29 as of 2:54 PM IST on Thursday following the announcement of a strategic overseas acquisition aimed at expanding the company’s presence in the Middle East.

Mukka Proteins Limited is engaged in the manufacturing and export of steam-dried fish meal, fish oil, and fish soluble paste. The company is listed on NSE and BSE and has a diversified presence across marine-based protein segments.

Board Approves 68% Stake in United Gulf Fishery Products

In a filing dated 12 November 2025, Mukka Proteins’ Board approved a strategic investment of up to ₹1 crore to acquire or subscribe to 68% of the capital of United Gulf Fishery Products LLC, an Oman-based company. The investment will be executed in one or more tranches. The target company, incorporated on 18 November 2016, is engaged in the manufacturing and trading of fish, seafood products, and animal feed, with a charter capital of 50,000 OMR. Over the past three years, the company has reported no turnover. The acquisition will be completed by 31 March 2026, with reporting to the RBI as per overseas investment norms.

Strategic Rationale

Mukka Proteins said the acquisition is part of its broader Middle East expansion strategy, leveraging the local presence of the investee firm. The company also indicated a potential future merger with another group entity to achieve operational efficiencies and strengthen business synergies. Additional details are provided in Annexure 1 of the filing.

Stock‍‌‍‍‌‍‌‍‍‌ Market Performance

At the end of trading on Thursday, Mukka Proteins shares closed at ₹25.98, up 3.09% from the previous day. The stock saw active participation with 11.36 lakh shares traded at a VWAP of ₹26.57. The stock has a 52-week trading range of ₹23.80 to ₹44.80, and market sentiment appears positive, buoyed by the recent announcement of the strategic acquisition in Oman.

REF:https://nsearchives.nseindia.com/corporate/MUKKA_12112025185524_Intimation_of_share_acquisition_United_Gulf.pdf

https://nsearchives.nseindia.com/corporate/MUKKA_13112025145002_Intimation_of_renewal_of_CFO.pdf

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