Mirza International Limited has informed the Exchange about Amalgamation/Merger
MIRZAINT · price
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The Hon'ble NCLT, Allahabad Bench, Prayagraj, pronounced its order on April 23, 2026, approving the amalgamation of RTS Fashion Limited (a Dubai-registered Free Zone Offshore Company) into Mirza International Limited. The appointed date of the scheme is April 1, 2025. RTS Fashion Limited was a wholly-owned subsidiary of Mirza International, so no new shares will be issued in this merger. The Transferee Company will absorb all assets, liabilities, employees, and pending legal proceedings of the Transferor Company. Income tax demands of Rs. 7,26,66,323 were flagged by the IT Department, which Mirza has undertaken to resolve through ongoing appeals or payment as applicable.
Since this involves a wholly-owned subsidiary merging into its parent, there is no change in shareholding structure or dilution for Mirza International shareholders. It is a simplification of the corporate group structure and may bring minor operational efficiencies.