Mirza International has secured in-principle approval from both the National Stock Exchange of India Limited and BSE Limited for its employee stock option scheme. The approval, received on January 6, 2026, enables the company to issue equity shares to employees under the MIL Employees Stock Option Scheme 2025.

Approval Details

The stock exchanges have granted permission for the issuance of shares with specific parameters and conditions:

Regulatory Framework

The approval falls under the Securities Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Both exchanges have outlined comprehensive compliance requirements that the company must fulfill before the actual issuance and listing of shares.

Key Compliance Conditions

The exchanges have specified several mandatory conditions for the scheme implementation:

• Notification to exchanges under Regulation 10(c) after allotment and credit to beneficiaries' accounts
• Receipt of all statutory approvals from SEBI, RBI, and MCA
• Compliance with SEBI LODR Regulations 2015
• Adherence to Companies Act 2013 and other applicable laws
• Submission of required documentation including board resolutions and allottee lists
• Payment of prescribed fees

Documentation Requirements

The exchanges have mandated submission of specific documents including certified copies of statements under Regulation 10(c), NSDL/CDSL credit confirmations, board resolutions for allotment, and detailed lists of allottees. Additionally, companies must provide details of employees receiving options exceeding 1% of share capital in one year and confirm any director participation in the scheme.

Exchange Reservations

Both NSE and BSE have reserved the right to withdraw in-principle approval if submitted information is found incomplete, incorrect, misleading, or in contravention of exchange rules and regulations. The final trading permission will be granted only upon receipt of proper notifications and compliance with all stated conditions.

The company has informed both stock exchanges about the approval receipt pursuant to Regulation 30 of SEBI LODR Regulations 2015, ensuring proper disclosure to market participants.

Mirza International Limited has announced the resignation of Mr. Nirmal Sahijwani from his position as Whole-time Director, effective February 1, 2026. The company disclosed this information in a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company received Mr. Sahijwani's resignation letter via email on December 22, 2025. The resignation will become effective from February 1, 2026, giving the company adequate time for transition arrangements. Mr. Sahijwani cited personal reasons for his resignation.

Regulatory Compliance

Mirza International has fulfilled its regulatory obligations by filing the necessary disclosures with both BSE Limited and National Stock Exchange of India Limited. The company's scrip code on BSE is 526642, while it trades under the symbol MIRZAINT on NSE.

The disclosure was made in accordance with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, read with Regulation 30 under Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Company Information

Mirza International Limited, incorporated in 1979 with CIN L19129UP1979PLC004821, operates from its registered head office at A-71, Sector-136, Noida, Uttar Pradesh. The company secretary and compliance officer, Harshita Nagar, signed the regulatory filing on behalf of the company.

In his resignation letter, Mr. Sahijwani expressed gratitude to the Board of Directors and all employees for their valuable guidance and support during his tenure. He extended his best wishes for the continuous growth and prosperity of the company.