Mirza International Ltd is set to announce their financial results for the fiscal year 2026 on May 29, 2026. This announcement will include both standalone and consolidated figures for the quarter and year ending March 31, 2026. Investors are advised to stay tuned for more updates.
Mirza International Limited
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The National Company Law Tribunal (NCLT) in Allahabad has approved the merger of RTS Fashion Limited and Mirza International Ltd, effective from April 1, 2025. This move will involve the transfer of assets, liabilities, employees, and tax obligations to Mirza International Ltd post-merger.
Mirza International has given the green light to a restructuring plan, set for April 2026. The plan involves splitting the company into separate business divisions, with specifics on the terms yet to be disclosed.
Mirza International is planning a significant business reorganization on April 25, 2026, following the guidelines set by SEBI (Securities and Exchange Board of India). The restructuring will be conducted under a Scheme of Arrangement to facilitate a smoother transition for stakeholders.
Mirza International has experienced a downgrade in its long-term credit rating by CRISIL to 'BBB- Negative' and short-term rating to 'A2', affecting approximately ₹215 crore in bank loans from HDFC, PNB, and SBI. This move could potentially impact the company's financial standing.