Mirza International sets up 100 percent subsidiary Mirza Footwear Limited

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

MIRZAINT · price

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Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹28.15

prior close

₹27.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+0.6% vs market

Leather And Leather Products peers, median of 11sector-3.3%+2.3% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 2.3 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

Stock

-0.1

10m

+0.3

15m

+0.3

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.7+0.6-3.3+2.3

Next day

-4.8-4.2-0.6-4.9+0.1

-5.3-5.2-0.0-5.2-0.1

-6.2-7.4+1.2-8.3+2.1

-7.1-7.0-0.1-9.7+2.6

-3.2-5.5+2.3-8.2+5.0

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15d

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UpDownMarket · Nifty Microcap 250Sector · Leather And Leather Products peers, median of 11Pending

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

AI summary

Mirza International Limited has incorporated a wholly owned subsidiary, Mirza Footwear Limited, on October 19, 2026. The new entity has an authorised share capital of Rs. 15 lakh. It will engage in footwear manufacturing, wholesale, marketing, retail, and e-commerce. Mirza International will hold 100 percent stake via cash subscription. The subsidiary has not yet commenced business.

Likely market impact

New wholly owned subsidiary for footwear operations; minor structural move for now, supports future vertical growth.