Intimation of acquisition of shares in Shipwaves Online Limited.
M&A
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 01 Sep 2026, 04:07 PM IST · BSE ID: 2935a729-273e-4743-8796-b1854e4c120e
View Original BSE Filing (PDF)
💡
In Simple Terms
Mukka Proteins plans to invest Rs. 13.19 Crore to buy a 16.77% stake in Shipwaves Online, a logistics tech company.
🤖 AI Summary
- Mukka Proteins Board approved acquiring a 16.77% stake in Shipwaves Online Limited.
- The total investment consideration is Rs. 13,19,40,000/- for 2,93,20,000 equity shares.
- Shipwaves Online Limited operates in Digital Freight Forwarding and Enterprise SaaS Solutions.
- This is a related party transaction, confirmed as executed at arm's length terms.
- The acquisition is scheduled for completion by March 31, 2027, via cash consideration.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Investment Amount
Rs. 13,19,40,000/-
Post-acquisition Shareholding in SOL
16.77%
Shipwaves Online Turnover (FY 2025-26)
Rs. 65,01,44,787
Shipwaves Online PAT (FY 2025-26)
Rs. 1,68,46,716
Shipwaves Online Net worth (FY 2025-26)
Rs. 71,29,96,629
🏢 How This Affects the Company
This strategic investment expands Mukka Proteins' presence into logistics and related businesses through Shipwaves Online's Digital Freight Forwarding and Enterprise SaaS Solutions.
The company will deploy Rs. 13,19,40,000/- in cash for this strategic investment, which will reduce its cash reserves.
The acquisition involves a related party transaction, though it is stated to be at arm's length, which is a standard disclosure.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this intimation.
👤
Who Is Affected
Shareholders of Mukka Proteins will observe the company's capital allocation towards a new strategic area in logistics, with Rs. 13,19,40,000/- being deployed.
🔍
Management Signal
The decision indicates management's intent to diversify into logistics and related businesses by leveraging potential synergies through strategic investments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Completion of acquisition by March 31, 2027, as indicated in the filing.
Mukka Proteins' upcoming financial results for any statements regarding this investment.
Shipwaves Online's financial performance post-acquisition for business synergy realization.
MEDIUM RISK
Investment into a related party with declining turnover in the latest financial year.
💡 Investor Takeaway
Mukka Proteins approved a strategic investment of Rs. 13,19,40,000/- to acquire a 16.77% stake in Shipwaves Online Limited, a digital freight forwarding and SaaS company. Shipwaves Online's FY26 turnover was Rs. 65,01,44,787.
⚖️ Strengths & Concerns
✅ Positives
- Strategic investment in Digital Freight Forwarding and Enterprise SaaS Solutions business for long-term growth and business synergies.
- Acquisition confirmed to be executed at arm’s length despite being a related party transaction.
⚠️ Concerns
- Shipwaves Online's Turnover decreased to Rs. 65,01,44,787 in FY 2025-26 from Rs. 77,20,60,015 in FY 2024-25.
- The investment is for a minority 16.77% stake, not giving Mukka Proteins full control over the acquired entity.
📅 Company Track Record
Mukka Proteins has been active in acquisitions, completing the acquisition of 51% Delta Marine Products for Rs. 11.10 Crore in June 2026. The company also achieved 100% ownership of Haris Marine Products Private Limited by March 2026. A prior acquisition of Mukka Proteins Vietnam Co., Ltd. for Rs. 10,00,000/- was delayed to December 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total investment amount by Mukka Proteins in Shipwaves Online Limited?
Mukka Proteins Limited will make a strategic investment of Rs. 13,19,40,000/- in Shipwaves Online Limited.
What percentage of shareholding will Mukka Proteins acquire in Shipwaves Online Limited?
Mukka Proteins Limited will acquire a 16.77% shareholding in Shipwaves Online Limited post-acquisition.
What was the turnover of Shipwaves Online Limited in FY 2025-26?
The turnover of Shipwaves Online Limited for FY 2025-26 was Rs. 65,01,44,787.
When is the acquisition of Shipwaves Online Limited expected to be completed?
The acquisition of Shipwaves Online Limited is expected to be completed by March 31, 2027.
Is the acquisition of Shipwaves Online Limited a related party transaction?
Yes, Mukka Proteins Limited is a Promoter Group entity of Shipwaves Online Limited, making this a related party transaction, stated to be done at arm’s length.
Questions based on this BSE filing only. For information purposes.