Acquisition

Date: 01-09-2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Listing Department Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai-400051 Mumbai-400001 Scrip Code: MUKKA Scrip Code: 544135 Dear Sir/Madam, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Board of Directors of the Company at their meeting held today i.e. Tuesday, 1st September 2026, have approved to make a strategic investment in Shipwaves Online Limited, (“the Investee Company”) by acquiring and/or subscribing to the equity shares for an amount not exceeding Rs. 13,19,40,000/- (Rupees Thirteen Crores Nineteen Lakhs Forty Thousand Only) in one or more tranches. The disclosure as required under Schedule III of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023 is enclosed as Annexure-1 to this letter. The Meeting commenced at 3:35 p.m. and concluded at 3:42 p.m. This is for your information and records. Thank you, For Mukka Proteins Limited Mehaboobsab Mahmadgous Chalyal Company Secretary & Compliance Officer Membership No.: A67502 Encl.: as above Annexure-1 S. No. Particulars Details 1. Name of the target entity, details in Name of the Target entity: Shipwaves Online brief such as size, turnover etc.; Limited (“SOL”) Authorized Capital: Rs. 29,00,00,000/- Paid up Capital: Rs. 14,14,95,000/- Turnover (FY 2025-26): Rs. 65,01,44,787 PAT (FY 2025-26): Rs. 1,68,46,716 Net worth (FY 2025-26): Rs. 71,29,96,629 2. Whether the acquisition would fall Mukka Proteins Limited is a Promoter Group within related party transaction(s) and entity of SOL. whether the promoter/ promoter group/ group companies have any The proposed transaction will amount to a related interest in the entity being acquired? If party transaction. yes, nature of interest and details thereof and whether the same is done The transaction is done at arm’s length. at “arm’s length”; 3. Industry to which the entity being Digital Freight Forwarding and Enterprise SaaS acquired belongs; Solutions. 4. Objects and impact of acquisition The proposed investment is intended to make a (including but not limited to, strategic investment in Shipwaves Online Limited disclosure of reasons for acquisition of and leverage potential business synergies in target entity, if its business is outside logistics and related businesses. The investment is the main line of business of the listed expected to support the Company’s long-term entity); business interests and growth. 5. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition; 6. Indicative time period for completion 31-03-2027 of the acquisition; 7. Consideration - whether cash Cash consideration or share swap or any other form and details of the same; 8. Cost of acquisition and/or the price at Acquisition of 2,93,20,000 equity shares of face which the shares are acquired; value of Re.1/- each of SOL at a price of Rs. 4.50/- per equity share for a total consideration of Rs. 13,19,40,000/-. 9. Percentage of shareholding / control Proposed to acquire 2,93,20,000 equity shares of acquired and / or number of shares face value of Re.1/- each of SOL at a price of Rs. acquired; 4.50/- per equity share for a total consideration of Rs. 13,19,40,000/-. Post-acquisition Shareholding will be 16.77%. 10. Brief background about the entity SOL is in the business of Digital Freight acquired in terms of products/line of Forwarding and Enterprise SaaS Solutions. business acquired, date of Line of Business: Digital Freight Forwarding and incorporation, history of last 3 years Enterprise SaaS Solutions turnover, country in which the Date of Incorporation: 27th February 2015 acquired entity has presence and any Turnover of last 3 years: other significant information (in brief); As on March 2024: Rs. 65,09,14,752 As on March 2025: Rs. 77,20,60,015 As on March 2026: Rs. 65,01,44,787 Country in which the acquired entity has presence: India