Mirza International Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting has been convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The primary agenda for the upcoming board meeting is to consider and approve the company's audited standalone and consolidated financial results. These results will cover the performance of the company for the quarter and year ended March 31, 2026.

The intimation regarding the board meeting was officially communicated on May 20, 2026. The company has requested the stock exchanges to take the information on record.

Meeting Details

Mirza international has received approval from the Hon'ble National Company Law Tribunal (NCLT) Allahabad Bench for its scheme of amalgamation with RTS Fashion Limited. The tribunal pronounced its order on April 23, 2026, sanctioning the merger between the two companies.

Scheme Details and Structure

The approved scheme provides for the amalgamation of RTS Fashion Limited (transferor company) with and into Mirza International Limited (transferee company). The appointed date for the scheme has been set as April 1, 2025.

RTS Fashion Limited is registered as a Free Zone Offshore Company with Jebel Ali Free Zone Authority (JAFZA) in the United Arab Emirates, with its registered office in Dubai. The company serves as a wholly owned subsidiary of Mirza International Limited.

Regulatory Compliance and Approvals

The tribunal dispensed with the requirement of convening meetings of equity shareholders, secured creditors, and unsecured creditors of Mirza International Limited through its first motion order dated September 2, 2025. Individual notices were served to all creditors inviting their objections or comments on the proposed scheme.

Statutory authorities including the Regional Director Northern Region Ministry of Corporate Affairs, Registrar of Companies Uttar Pradesh, Income Tax Department, and Reserve Bank of India were duly notified. The scheme was also published in Business Standard newspapers in both English and Hindi editions on October 31, 2025.

Financial Obligations and Tax Matters

The Income Tax Department highlighted outstanding tax demands of Rs. 7,26,66,323 against Mirza International Limited for different assessment years. The company provided detailed clarifications on the status of these demands:

Mirza International Limited has provided comprehensive undertakings to handle all present and future tax liabilities of both companies in accordance with applicable law provisions.

Implementation and Effective Date

Upon the scheme becoming effective, all properties, rights, powers, liabilities, and duties of RTS Fashion Limited will be transferred to Mirza International Limited without further act or deed. All employees of the transferor company will become employees of the transferee company as provided in the scheme.

Since RTS Fashion Limited is a wholly owned subsidiary, no new shares will be issued pursuant to this amalgamation. The company must file a certified copy of the order with the Registrar of Companies Uttar Pradesh within 30 days of receipt and complete other statutory formalities including filing revised memorandum and articles of association.