Mukka Proteins Completes Stake Disinvestment in MSFI Bangladesh

Mukka Proteins Limited announced the successful disinvestment of its entire stake in MSFI (Bangladesh) Limited, an associate company. The transaction, valued at USD 14,038.44 (approximately ₹11,82,739), marks the conclusion of its strategic exit from the venture. With this, MSFI (Bangladesh) Limited has ceased to be an associate company of Mukka Proteins.

This development follows earlier disclosures made on August 13, 2024, and September 30, 2024, under SEBI’s Listing Obligations and Disclosure Requirements. The disinvestment aligns with Mukka Proteins’ evolving business strategy.

Q2 FY 2025 Financial Highlights

For the quarter ending September 30, 2024, the company’s total revenue from operations stood at ₹1,491.94 million, a decrease from ₹1,724.99 million for the previous quarter (June 30, 2024), and significantly lower than ₹3,318.68 million for the same period last year (September 30, 2023). The profit for the period also showed a decline, with ₹14.71 million recorded for September 2024, compared to ₹52.55 million in June 2024 and ₹286.76 million in the same quarter last year.

About Mukka Proteins Limited

Founded in 2003, Mukka Proteins Ltd is involved in the production and export of fish meal and fish oil.

On December 18, 2024, Mukka Proteins share price opened at ₹40.40, touching the day’s high at ₹40.54, as of 9:50 AM on the NSE.

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