Type of Deal: Strategic minority investment through acquisition and subscription of equity shares.
Stake/Capacity: Proposed acquisition of 2,93,20,000 equity shares of face value Re. 1 each, representing a 16.77% stake in Shipwaves Online Limited post-acquisition.
Deal Value: Total consideration not exceeding ₹13,19,40,000 (Rupees Thirteen Crores Nineteen Lakhs Forty Thousand Only).
Funding Source: Cash consideration. No specific funding source (debt/equity/internal accruals) disclosed.
Financial Impact (if disclosed): Not explicitly disclosed for Mukka Proteins Limited. Target company financials provided: Turnover (FY 2025-26): ₹65,01,44,787; PAT (FY 2025-26): ₹1,68,46,716; Net worth (FY 2025-26): ₹71,29,96,629.
Timeline: Indicative time period for completion of the acquisition is 31-03-2027.
Strategic Rationale: The investment is intended to make a strategic investment in Shipwaves Online Limited and leverage potential business synergies in logistics and related businesses. It is expected to support the Company's long-term business interests and growth.
Approval Status: Approved by the Board of Directors of Mukka Proteins Limited at their meeting held on Tuesday, 1st September 2026. The meeting commenced at 3:35 p.m. and concluded at 3:42 p.m.
Additional Target Company Details:
Line of Business: Digital Freight Forwarding and Enterprise SaaS Solutions
Date of Incorporation: 27th February 2015
Authorized Capital: ₹29,00,00,000/-
Paid up Capital: ₹14,14,95,000/-
Historical Turnover:
March 2024: ₹65,09,14,752
March 2025: ₹77,20,60,015
March 2026: ₹65,01,44,787
Country of Presence: India
Regulatory Aspects:
The transaction falls under related party transaction as Mukka Proteins Limited is a Promoter Group entity of SOL.
The transaction is done at arm's length.
No governmental or regulatory approvals required (stated as 'Not Applicable').
Disclosure made under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023.
