Mirza International Limited has informed the Exchange about General Updates
MIRZAINT · price
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Mirza International Limited has sold a piece of land admeasuring approximately 840.18 sq. mtr. (1,004.88 sq. yds.) located at Mohan Cooperative Industrial Estate, Mathura Road, New Delhi, for a total consideration of Rs. 23 crores. The agreement was entered into and the sale is expected to be completed on June 20, 2025. The company has clarified that no business operations were carried out on the said land, so the sale will not impact business operations. The transaction is not a related party transaction, and buyer details are confidential under the agreement terms. The sale does not constitute disposal of an undertaking under Section 180(1)(a) of the Companies Act, 2013, and is not part of any Scheme of Arrangement.
This is a non-core, non-operational asset sale and should have no direct impact on Mirza International's business or earnings. The Rs. 23 crore inflow may strengthen the company's cash position and could be deployed toward debt reduction, capex, or shareholder returns, but the stock price impact is expected to be minimal.