MIRZAINTNSEMirza International Limited· Consumer DurablesHighNegative
Announced Mon, 27 Apr, 2026 · 19:37 IST

Mirza International Limited has informed the Exchange regarding Cessation of Mr. V T Cherian as Chief Financial Officer of the company w.e.f. May 31, 2026.

Cfo ResignedKmp ResignedManagement Changes View source PDFExplain this filing

MIRZAINT · price

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Price reactionminutes from the announcement price · days from the prior close
+4.3%Reaction day
₹32.74
prior close
₹33.28
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+4.5% vs market
Leather And Leather Products peers, median of 10sector-0.6%+5.0% vs sector

On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 5.0 pts more than its Leather And Leather Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
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5m
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10m
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15m
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Reaction day
+4.3-0.2+4.5-0.6+5.0
Next day
+2.3-0.2+2.4-0.9+3.2
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+1.7+0.9+0.8-2.1+3.8
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+3.4+2.5+0.9-0.3+3.6
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+2.4+4.0-1.5-2.6+5.0
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2m
+7.0+7.8-0.8-9.8+16.8
3m
+7.3+8.0-0.7-13.0+20.3
UpDownMarket · Nifty Microcap 250Sector · Leather And Leather Products peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mirza International Limited has informed the stock exchanges that Mr. V.T. Cherian has resigned as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company. His resignation takes effect from the close of business hours on May 31, 2026, and he has cited reaching an age where he believes it is appropriate to step down and allow new leadership to take over. Mr. Cherian has been associated with the company for 34 years. The disclosure has been made under SEBI Listing Regulations, and the resignation letter has been attached as an annexure. No successor has been named in this announcement.

Likely market impact

The departure of a long-serving CFO after 34 years is a notable leadership change, but since the reason is voluntary retirement by age rather than any governance or performance issue, the immediate impact on shareholders should be limited. Investors will watch for a successor appointment in the coming weeks to ensure financial continuity.