Adani Green Energy Limited has announced the establishment of a new fully owned subsidiary company named Ecothrive Renewables Limited.

Corporate Structure Development

The renewable energy company has created this subsidiary as part of its corporate organizational structure. The subsidiary will operate as a fully owned entity under Adani Green Energy Limited.

About the Development

Ecothrive Renewables Limited represents the latest addition to Adani Green Energy's corporate structure. The establishment of this subsidiary indicates the company's continued focus on expanding its organizational framework within the renewable energy sector.

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.

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.

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.