Mukka Proteins Limited Acquires Remaining Stake in Haris Marine Products, Creates Wholly Owned Subsidiary
Mukka Proteins Limited announced the completion of an acquisition, resulting in Haris Marine Products Private Limited becoming a wholly owned subsidiary of the company, effective March 30, 2026. The acquisition involved purchasing 2,000 equity shares of Haris Marine Products Private Limited, with a face value of Rs. 100 each, for a total consideration of Rs. 19,64,000.Haris Marine Products Private Limited, established on October 30, 2019, is a manufacturer and exporter of fish meal and fish oil. According to the company, Haris Marine Products Private Limited's turnover for the fiscal year 2024-25 was nil, with a profit after tax of Rs. 2,24,01,700/-.
The acquisition was made as part of Mukka Proteins Limited’s strategic investment plans to expand its core business. The investment was completed on an arm’s length basis, and Haris Marine Products Private Limited is considered a related party due to its status as a subsidiary.
Key Details of Haris Marine Products Private Limited:
| Particulars | Details |
|---|---|
| Authorized Capital | Rs. 1,00,00,000/- |
| Paid up Capital | Rs. 1,00,00,000/- |
| Turnover (FY 2024-25) | Nil |
| PAT (FY 2024-25) | Rs. 2,24,01,700/- |
| Date of Incorporation | 30th October 2019 |
| Turnover (March 2023) | Rs. 50,95,31,673/- |
| Turnover (March 2024) | Nil |
| Turnover (March 2025) | Nil |
| Country of Presence | India |
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