Mirza International incorporated a new 100% wholly-owned subsidiary, Mirza Footwear Limited, for footwear manufacturing, retail and e-commerce. The entry marks the company's expansion into the footwear segment.
Mirza International Limited has incorporated a new wholly-owned subsidiary, Mirza Global Limited, to manage footwear manufacturing and e-commerce. The company subscribed to 50,000 equity shares for a total consideration of Rs. 0.01 Crore.
Mirza International incorporated a 100% WOS, Mirza Global Limited, in the footwear sector. The subsidiary will handle manufacturing, retail, and e-commerce of footwear.
Mirza International Limited received NCLT Allahabad Bench approval for the amalgamation of its wholly-owned subsidiary, RTS Fashion Limited, with itself. The merger is effective from the appointed date of April 1, 2025. This internal restructuring aims to streamline operations and corporate structure without changing the ultimate beneficial ownership.
Mirza International Ltd's board has in-principally approved a restructuring to segregate its manufacturing, branded retail, and leather processing verticals into separate entities. The move aims to unlock value by creating distinct business units. Detailed terms and financial implications will be disclosed once finalized and approved by the Board.