Mukka Proteins Completes 68% Acquisition of United Gulf Fishery for ₹79.56 Lakhs

Mukka Proteins Limited has successfully completed the acquisition of a 68% stake in United Gulf Fishery Products LLC for a total consideration of OMR 34,000, equivalent to ₹79.56 lakhs. The transaction was completed on December 26, 2025, making United Gulf Fishery Products LLC a subsidiary of the company.

Acquisition Details and Financial Structure

The strategic investment represents a significant expansion move for Mukka Proteins into the Middle East market. The acquisition was executed through a cash transaction with existing shareholders of the target entity.

Parameter:	Details
Target Entity:	United Gulf Fishery Products LLC
Acquisition Percentage:	68%
Total Consideration:	OMR 34,000 (₹79.56 lakhs)
Transaction Type:	Cash consideration
Completion Date:	December 26, 2025
Charter Capital:	OMR 50,000

Business Profile and Operations

United Gulf Fishery Products LLC operates in the manufacturing and trading of fish and other seafood products, along with animal feed products. The company aligns well with Mukka Proteins' core business activities in the protein and feed sector.

Financial Metric:	December 2024
Turnover:	Nil
Profit After Tax:	Nil
Net Worth:	Nil
Industry Focus:	Seafood products and animal feed

Strategic Rationale and Market Expansion

The acquisition forms part of Mukka Proteins' strategic investment plans to expand its business operations in the Middle East region. The company aims to leverage United Gulf Fishery Products LLC's local presence and expertise to establish a stronger foothold in the regional market.

The investment enables Mukka Proteins to diversify its geographical presence while maintaining focus on its core competencies in protein-based products. The transaction does not constitute a related party transaction, and no governmental or regulatory approvals were required for the completion.

Regulatory Compliance

The acquisition has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all necessary compliance requirements and informed both NSE and BSE about the completion of the transaction through proper regulatory channels.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.73%	-3.39%	-11.11%	-12.00%	-14.60%	-3.76%

Adani Green Energy Ltd (AGEL) has secured the top position in Energy Intelligence's Annual Global Top 100 Green Utilities Rankings, marking a significant milestone for India's renewable energy sector. The achievement sees AGEL overtaking major utilities from China and Europe with its 16.7 GW operational renewable capacity, including established players like China's National Nuclear Corp., Spain's Acciona and Iberdrola, and Italy's Enel.

Ranking Methodology and Global Context

The rankings, published by UK-based Energy Intelligence, provide a comprehensive assessment of 100 major power generators that collectively account for over 35% of global electricity generation capacity. Companies are evaluated based on two critical parameters: their renewable energy portfolios and greenhouse gas emissions performance.

Parameter	Details
Total Companies Assessed	100 major power generators
Global Capacity Coverage	Over 35% of worldwide electricity generation
Evaluation Criteria	Renewable energy portfolios and GHG emissions
Regional Shift	Asian companies now represent half of top five

AGEL's Renewable Energy Portfolio

Adani Green Energy currently operates with an impressive renewable energy capacity of 16.7 GW. The company has established an ambitious target of achieving 50 GW of renewable capacity by fiscal 2030, which would represent a substantial contribution of over 10% to India's national renewable energy target of 500 GW.

Capacity Metrics	Current Status	Future Target
Operational Capacity	16.70 GW	50.00 GW by FY2030
India's National Target	500.00 GW renewable energy	-
AGEL's Contribution	-	Over 10% of national target

Regional Leadership and Market Position

Energy Intelligence highlighted a notable shift towards Asia in the global green utilities landscape, with Asian companies now accounting for half of the top five positions. Despite this regional strength, European companies continue to dominate the remainder of the top 10 rankings. AGEL stands out as the only Indian company to secure a position in the top five.

The company has demonstrated consistent performance in these rankings, having featured in the top three positions for the past two years. This achievement follows AGEL's third-place ranking in 2024, showcasing the company's steady progress in the global renewable energy sector.

Industry-Wide Emissions Trends

Separately, Energy Intelligence reported significant environmental progress across the ranked companies. Carbon dioxide emissions from companies included in the ranking declined by 6% last year, following a 9% decline in 2023. While the rate of reduction has moderated compared to the previous year, it still exceeds the average annual reductions observed over the past decade, indicating sustained industry commitment to decarbonization efforts.