Mukka Proteins Limited has successfully completed the acquisition of the remaining 2% equity stake in its subsidiary Haris Marine Products Private Limited. The company announced that the transaction was completed on 30th March 2026, making Haris Marine Products a wholly owned subsidiary with effect from the same date.

Acquisition Completion Details

The Share Purchase Agreement, originally executed on 25th March 2026, involved the acquisition of 2,000 equity shares from four existing shareholders. The transaction marks the final step in achieving complete ownership of the investee company.

Subsidiary Financial Profile

Haris Marine Products Private Limited operates as a manufacturer and exporter of fish meal and fish oil, complementing Mukka Proteins' core business operations. The subsidiary's financial details reveal its strategic importance to the group.

Historical Performance

The subsidiary's turnover history shows significant variation over the past three years, with notable revenue generation in earlier periods.

Strategic Rationale and Compliance

The acquisition aligns with Mukka Proteins' strategic investment plans to expand its core business operations. The transaction was conducted on an arm's length basis, with the company confirming that promoters have directorship interests in the subsidiary, establishing it as a related party transaction under the Companies Act, 2013.

The completion was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with comprehensive details provided as required under Schedule III of the Listing Regulations. This follows the company's earlier communications dated 12th February 2026 and 25th March 2026 regarding the acquisition process.

Operational Integration

With 100% ownership now achieved, Mukka Proteins gains complete operational control over Haris Marine Products' fish meal and fish oil manufacturing and export operations. This consolidation strengthens the group's position in the marine protein sector and provides enhanced strategic alignment within the corporate structure.

Mukka proteins Limited has announced a subsidiary name change, informing stock exchanges through a regulatory filing on March 17, 2026. The company disclosed this corporate development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Name Change Details

The subsidiary entity has undergone a formal name modification approved by the Ministry of Corporate Affairs (MCA). The change reflects an expansion in the subsidiary's identity and operational scope.

Regulatory Compliance

Mukka Proteins Limited fulfilled its disclosure obligations by notifying both major stock exchanges simultaneously. The company addressed the intimation to the National Stock Exchange of India Limited at Exchange Plaza, Bandra Kurla Complex, and BSE Limited's Listing Department at Dalal Street, Mumbai.

The disclosure was made in accordance with Schedule III of the SEBI regulations, ensuring transparency for investors and market participants. Company Secretary and Compliance Officer Mehaboobsab Mahmadgous Chalyal signed the formal intimation digitally, maintaining proper corporate governance standards.

Corporate Structure Update

The name change from MPL HRC ECOSOLUTIONS LLP to MPL HRC JATHIN ECOSOLUTIONS LLP represents a structural modification within Mukka Proteins Limited's subsidiary framework. The addition of "JATHIN" to the subsidiary's name suggests potential operational or strategic developments within the entity.

This corporate action demonstrates the company's commitment to maintaining accurate subsidiary records and ensuring proper regulatory compliance across its business structure.