Mirza International Limited has incorporated a new wholly owned subsidiary named Mirza Footwear Limited on October 19, 2026. The move marks the company's formal entry into the footwear sector through a dedicated entity focused on manufacturing and retail operations.

The newly formed subsidiary is structured as a 100% Wholly Owned Subsidiary (WOS) of the parent company. The incorporation details were disclosed in a filing to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary details and capital structure

The new entity is registered with the Registrar of Companies. It operates within the footwear industry, aiming to carry out manufacturing, retail, wholesale marketing, and e-commerce business activities.

Nature of acquisition

The formation of Mirza Footwear Limited involves a cash consideration for the initial subscription of share capital. Since the subsidiary is fully owned by the listed entity, it qualifies as a related party transaction. The filing confirms that no governmental or regulatory approvals are required for this specific acquisition structure.

As the entity is newly incorporated, historical turnover data is not available. The company stated that the objective is to expand its operational footprint into the footwear market, covering both physical retail channels and digital commerce platforms.

Mirza International Limited has incorporated a new wholly owned subsidiary, Mirza Global Limited, on October 8, 2026. The entity is established to carry out the manufacturing, retail, wholesale marketing, and e-commerce business of footwear.

The incorporation was disclosed in a filing to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new company is registered in India with an authorised share capital of ₹15 lakh.

Subsidiary details and structure

Mirza Global Limited is a 100% wholly owned subsidiary of the parent company. The acquisition involved a 100% initial subscription to the share capital in cash by Mirza International Limited. As the entity is fully owned by the listed parent, it is classified as a related party transaction.

The subsidiary is yet to commence business operations; therefore, turnover details are not applicable at this stage. No governmental or regulatory approvals were required for this specific incorporation step.

Strategic focus on footwear

The primary objective of establishing Mirza Global Limited is to consolidate and expand the group's presence in the footwear industry. The scope of work includes:

• Manufacturing of footwear products
• Retail and wholesale marketing
• E-commerce distribution channels

This move signals a dedicated operational vehicle for the footwear segment, separating it from other potential business lines within the broader corporate structure.

Key incorporation metrics