Mukka Proteins Limited , a leading manufacturer and exporter of fish meal, fish oil, and fish-soluble paste, continues its strategic expansion with two significant developments. The company has secured a major environmental contract in India while simultaneously expanding its international footprint through a strategic acquisition in Oman.

Major Environmental Contract in Bengaluru

The company's joint venture with Hardik Gowda and MS Jathin Infra Private Limited has been awarded a ₹474.89 crore contract by Bengaluru Solid Waste Management Limited (BSWML) for the treatment of legacy leachate at the Mittaganahalli and Kannur landfill sites in Bengaluru.

International Expansion Through Strategic Acquisition

Mukka Proteins has entered into a Share Transfer Agreement on December 10, 2025, to acquire a 68% stake in United Gulf Fishery Products LLC, an Oman-based company. The acquisition involves purchasing shares from Mr. Saif Salim Ahmed Al-Rawahi, a shareholder of the investee company.

Regulatory Compliance and Approvals

The completion of the international acquisition is subject to compliance with the Foreign Exchange Management (Overseas Investment) Regulations, 2022, or other regulations as notified by the Reserve Bank of India. The company has made the necessary regulatory disclosures under Schedule III of the Listing Regulations.

Strategic Diversification Impact

These developments mark significant strategic shifts for Mukka Proteins. The environmental contract represents expansion beyond core fish product manufacturing into sustainability solutions, while the Oman acquisition strengthens the company's international presence in its core business segment. The company's CEO and MD, Mr. Kalandan Mohammed Haris, previously emphasized the significance of such milestones in expanding capabilities into environmental and sustainability-led solutions.

Business Implications

The dual expansion strategy positions Mukka Proteins for growth across multiple sectors. The environmental project addresses critical urban waste management challenges in Bengaluru, while the international acquisition enhances the company's footprint in the Gulf region's fishery products market. Both initiatives demonstrate the company's commitment to diversified growth and strategic market expansion.

Mukka Proteins Limited , a leading player in the fish and insects protein industry, has announced two significant developments that underscore its commitment to environmental compliance and strategic growth.

Renewed Environmental Consent

The company has received renewed Consent For Operation (CFO-Air, Water) from the Karnataka State Pollution Control Board for its subsidiary Haris Marine Products Private Limited and group entities Mangalore Fish Meal & Oil Company and Ullal Fish Meal & Oil Company. This crucial approval, valid from November 12, 2025, to September 30, 2032, allows the company to continue its industrial activities while adhering to prescribed environmental standards.

The CFO is a mandatory approval under the Water (Prevention & Control of Pollution) Act, 1974, and the Air (Prevention & Control of Pollution) Act, 1981. It confirms that the company's processes, effluent treatment systems, and emission-control measures comply with the environmental standards set by the Pollution Control Board.

Strategic Investment in Middle East

In a move to expand its presence in the Middle East, Mukka Proteins Limited's Board of Directors has approved a strategic investment in United Gulf Fishery Products LLC. The company plans to acquire a 68% stake in United Gulf Fishery Products LLC for approximately Rs. 1.00 crore.

Key details of the acquisition include:

This investment aligns with Mukka Proteins Limited's strategic plans to leverage local presence and expertise in the Middle East market. The company is also evaluating the possibility of a future merger between this entity and another group company to achieve operational efficiencies and business synergies.

Financial Performance

For the quarter ended September 30, 2025, Mukka Proteins Limited reported the following consolidated financial results:

The company has shown significant year-over-year growth across all key financial metrics, indicating strong performance in the fish and insects protein segment.

These developments demonstrate Mukka Proteins Limited's commitment to sustainable operations and strategic expansion, positioning the company for continued growth in both domestic and international markets.