Mukka Proteins Ltd has announced a delay in its acquisition of Mukka Proteins Vietnam Co., Ltd., pushing the revised completion date to 31 December 2026. The company attributed the postponement to delays in securing necessary regulatory approvals in Vietnam. This development impacts the proposed purchase of a 70% stake in the target entity through share transfer.

The acquisition was initially expected to be completed by 30 June 2026. The company had previously submitted intimations regarding this transaction on 26 July 2025, 4 August 2025, and 31 December 2025 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The total consideration for the acquisition does not exceed ₹10,00,000. Mukka Proteins stated that all necessary steps are being taken to address the delays and complete the acquisition in due course.

Acquisition Details

Mukka Proteins Limited has completed the acquisition of a 51% stake in Delta Marine Products, a partnership firm, for ₹11.10 crore. The transaction was executed through capital contribution on June 25, 2026, as part of the company's strategic investment plans to expand its core business. This acquisition is expected to enhance production efficiency and broaden market reach through capacity expansion and optimization of operational processes.

The disclosure was submitted to the National Stock Exchange of India and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the acquisition does not constitute a related party transaction and that no specific governmental or regulatory approvals were required for the completion of the deal.

Delta Marine Products operates in the manufacturing sector, specifically producing fish meal and fish oil. The entity was incorporated on August 12, 2023, and operates solely within India. The acquisition provides Mukka Proteins with controlling interest in the firm, aligning with its objective to strengthen its position in the fish meal and fish oil market.

The financial performance of Delta Marine Products shows significant growth in turnover over the past year. The firm reported a turnover of ₹28,16,99,338 for FY 2024-25, compared to ₹3,64,15,650 in the previous fiscal year ending March 2024. However, the entity recorded a Profit After Tax (PAT) of ₹(19,72,919) for FY 2024-25.

Financial Overview of Delta Marine Products

The consideration for the acquisition was paid entirely in cash. The investment is intended to drive operational synergies and support the strategic growth initiatives of Mukka Proteins in the manufacturing of steam dried fish meal, fish oil, and fish soluble paste.