Integrated Filing — IndAS



General information about company
Scrip Code 526642
NSE Symbol MIRZAINT
MSEI Symbol NOTLISTED
ISIN INE771A01026
Name of company Mirza International Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 24-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 24-May-2025   12:30:00
End date and time of board meeting 24-May-2025   15:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2023-05-27
Indicate Company website link for updated RPT policy of the Company https://mirza.co.in/corporate.php?id=po
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable.



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1204654000 5695840000
Other income 2650000 6612000
Total income 1207304000 5702452000
2 Expenses
(a) Cost of materials consumed 447185000 2508022000
(b) Purchases of stock-in-trade 196019000 839251000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 110883000 92352000
(d) Employee benefit expense 160741000 792295000
(e) Finance costs 24506000 90222000
(f) Depreciation, depletion and amortisation expense 75183000 304007000
(f) Other Expenses
1 Other Expenses 202740000 1123684000
Total other expenses 202740000 1123684000
Total expenses 1217257000 5749833000
3 Total profit before exceptional items and tax -9953000 -47381000
4 Exceptional items 0 0
5 Total profit before tax -9953000 -47381000
6 Tax expense
7 Current tax -800000 0
8 Deferred tax -4110000 -7500000
9 Total tax expenses -4910000 -7500000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -5043000 -39881000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -5043000 -39881000
17 Other comprehensive income net of taxes -17779000 -14460000
18 Total Comprehensive Income for the period -22822000 -54341000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 276404000 276404000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 4361337000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.04 -0.29
Diluted earnings (loss) per share from continuing operations -0.04 -0.29
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.04 -0.29
Diluted earnings (loss) per share from continuing and discontinued operations -0.04 -0.29
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 2902600000
Capital work-in-progress 25000000
Investment property 0
Goodwill 54600000
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 107600000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 286700000
Total non-current financial assets 394300000
Deferred tax assets (net) 0
Other non-current assets 34900000
Total non-current assets 3411400000
2 Current assets
Inventories 1332900000
Current financial asset
Current investments 0
Trade receivables, current 599000000
Cash and cash equivalents 56100000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 0
Total current financial assets 655100000
Current tax assets (net) 0
Other current assets 523500000
Total current assets 2511500000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 5922900000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 276400000
Other equity 4361100000
Total equity attributable to owners of parent 4637500000
Non controlling interest
Total equity 4637500000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 0
Provisions, non-current 108300000
Deferred tax liabilities (net) 118700000
Deferred government grants, Non-current 0
Other non-current liabilities 56400000
Total non-current liabilities 283400000
Current liabilities
Current financial liabilities
Borrowings, current 422500000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 333300000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 91900000
Total Trade payable 425200000
Other current financial liabilities 122700000
Total current financial liabilities 970400000
Other current liabilities 21900000
Provisions, current 9700000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1002000000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 1285400000
Total equity and liabilites 5922900000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Footwear - Domestic & Export Sale 1090686000 5131360000
2 Tannery - Domestic & Export Sale 218003000 1035891000
3 Unallocated 2650000 6612000
Total Segment Revenue 1311339000 6173863000
Less: Inter segment revenue 104034000 104034000
Revenue from operations 1207305000 5702452000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Footwear - Domestic & Export Sale 115203000 348722000
2 Tannery - Domestic & Export Sale -66911000 -191560000
3 Unallocated 2651000 6612000
Total Profit before tax 50943000 163774000
i. Finance cost 24506000 24506000
ii. Other Unallocable Expenditure net off Unallocable income 36390000 36390000
Profit before tax -9953000 -47381000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Footwear - Domestic & Export Sale 3290629000 3290629000
2 Tannery - Domestic & Export Sale 1527437000 1527437000
3 Unallocated 1104927000 1104927000
Total Segment Asset 5922993000 5922993000
Un-allocable Assets 0 0
Net Segment Asset 5922993000 5922993000
4 Segment Liabilities
Segment Liabilities
1 Footwear - Domestic & Export Sale 621315000 621315000
2 Tannery - Domestic & Export Sale 549879000 549879000
3 Unallocated 113958000 113958000
Total Segment Liabilities 1285152000 1285152000
Un-allocable Liabilities 0 0
Net Segment Liabilities 1285152000 1285152000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit and loss -5059000 -5059000
Total Amount of items that will not be reclassified to profit and loss -5059000 -5059000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit and loss -12720000 -9401000
Total Amount of items that will be reclassified to profit and loss -12720000 -9401000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -17779000 -14460000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -47381000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 90200000
Adjustments for decrease (increase) in inventories -15800000
Adjustments for decrease (increase) in trade receivables, current 230200000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -61900000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -175519000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -66500000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 304000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -10600000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 294081000
Net cash flows from (used in) operations 246700000
Dividends received 0
Interest paid 0
Interest received -2400000
Income taxes paid (refund) 27000000
Other inflows (outflows) of cash -2500000
Net cash flows from (used in) operating activities 214800000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 343500000
Proceeds from sales of investment property 25300000
Purchase of investment property 2200000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 2500000
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 2400000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -10900000
Net cash flows from (used in) investing activities -326400000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 229300000
Repayments of borrowings 4500000
Payments of lease liabilities 3900000
Dividends paid 1000000
Interest paid 90200000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 129700000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 18100000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 18100000
Cash and cash equivalents cash flow statement at beginning of period 38400000
Cash and cash equivalents cash flow statement at end of period 56500000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Khamesra Bhatia & Mehrotra Yes 31-Jul-2026


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Mirza International Limited Redtape Limited Directors are shareholders in the company Purchase of goods or services 1200000000 Omnibus approval given by the Audit Committee 16297000 0 0
2 Mirza International Limited Shoemac Leather Tech Engineers Limited Directors are Shareholders/Directors in the company Purchase of goods or services 25000000 Omnibus approval given by the Audit Committee 13000 700000 0
3 Mirza International Limited Gempack Enterprises Directors are the relatives of firm's proprietor Purchase of goods or services 100000000 Omnibus approval given by the Audit Committee 20359000 4200000 4227000
4 Mirza International Limited Olive Shoes Private Limited Directors are Shareholders/Directors in the company Purchase of goods or services 1200000000 Omnibus approval given by the Audit Committee 433669000 104600000 74646000
5 Mirza International Limited Shoemac Leather Tech Engineers Limited Directors are Shareholders/Directors in the company Any other transaction Jobwork 1000000 Omnibus approval given by the Audit Committee 54000 0 0
6 Mirza International Limited Olive Shoes Private Limited Directors are Shareholders/Directors in the company Any other transaction Jobwork 1200000000 Omnibus approval given by the Audit Committee 54000 0 0
7 Mirza International Limited REDTAPE Limited Directors are Shareholders in the company Any other transaction Jobwork 1200000000 Omnibus approval given by the Audit Committee 0 0 0
8 Mirza International Limited Mirza (U.K.) Limited Directors are Shareholders/Directors in the company Any other transaction Export Commission 1500000000 Omnibus approval given by the Audit Committee 72259000 95700000 0
9 Mirza International Limited Redtape Limited Directors are Shareholders in the company Sale of goods or services 1200000000 Omnibus approval given by the Audit Committee 65422000 -14600000 19833000
10 Mirza International Limited Olive Shoes Private Limited Directors are Shareholders/Directors in the company Sale of goods or services 1200000000 Omnibus approval given by the Audit Committee 109678000 0 0
11 Mirza International Limited Mirza (U.K.) Limited Directors are Shareholders/Directors in the company Sale of goods or services 1500000000 Omnibus approval given by the Audit Committee 273706000 95700000 56043000
12 Mirza International Limited RTS Fashion (FZE) Directors' relative is Director Sale of goods or services 100000000 Omnibus approval given by the Audit Committee 8431000 1700000 8776000
13 Mirza International Limited Euro Footwear Private Limited Directors are Shareholders in the company Sale of goods or services 500000000 Omnibus approval given by the Audit Committee 400000 0 238000
14 Mirza International Limited Redtape Limited Directors are Shareholders in the company Any other transaction Reimbursment 1200000000 Omnibus approval given by the Audit Committee 505000 0 0
15 Mirza International Limited Genesis Brands Private Limited Directors are Shareholders/Directors in the company Any other transaction Rental Omnibus approval given by the Audit Committee 469000 0 142000
16 Mirza International Limited Tauseef Ahmad Mirza Managing Director Remuneration 39800000 As approved by NRC and the Board 8518000 1900000 0
17 Mirza International Limited Mr. Shahid Ahmad Mirza Whole-time Director Remuneration 14000000 As approved by NRC and the Board 5784000 600000 965000
18 Mirza International Limited Mr. Tasneef Ahmad Mirza Whole-time Director Remuneration 29600000 As approved by NRC and the Board 6910000 1400000 0
19 Mirza International Limited Mr. Faraz Mirza Whole-time Director Remuneration 22400000 As approved by NRC and the Board 9994000 0 1665000
20 Mirza International Limited Mr. Nirmal Sahijwani Whole-time Director Remuneration 3204000 As approved by NRC and the Board 1578000 200000 214000
21 Mirza International Limited Mr. Sanjay Bhalla Independent Director Any other transaction sitting fees 0 within statutory limits 20000 0 0
22 Mirza International Limited Ms. Saumya Srivastava Independent Director Any other transaction sitting fees 0 within statutory limits 20000 0 0
23 Mirza International Limited Mr. Sudhindra Kumar Jain Independent Director Any other transaction sitting fees 0 within statutory limits 0 0 0
24 Mirza International Limited Dr. Yashvir Singh Independent Director Any other transaction sitting fees 0 within statutory limits 0 0 0
25 Mirza International Limited Mr. Sanjiv Gupta Independent Director Any other transaction sitting fees 0 within statutory limits 20000 0 0
26 Mirza International Limited Mr Q N Salam Independent Director Any other transaction sitting fees 0 within statutory limits 0 0 0
27 Mirza International Limited Mr Subhash Chander Sapra Independent Director Any other transaction sitting fees 0 within statutory limits 10000 0 0
28 Mirza International Limited Mr Sabir Amin UI Rahman Independent Director Any other transaction sitting fees 0 within statutory limits 10000 0 0
29 Mirza International Limited Mr. V. T. Cherian Chief Financial Officer Remuneration 0 within statutory limits 1976000 200000 329000
30 Mirza International Limited Ms. Harshita Nagar Company Secretary Remuneration 0 within statutory limits 588000 100000 98000
31 Mirza International Limited Mr. Mustafa Mirza Relative of KMP Remuneration 0 As approved by NRC 1252000 200000 200000
32 Mirza International Limited Ms. Hiba Mirza Relative of KMP Remuneration 0 As approved by NRC 600000 100000 100000
33 Mirza International Limited Ms. Yusra Mirza Relative of KMP Remuneration 0 As approved by NRC 600000 100000 100000
34 Mirza International Limited Ms. Sanjana Sahijwani Relative of KMP Remuneration 0 As approved by NRC 510000 100000 85000
35 Mirza International Limited Mirza Foundation Directors are the Trustees Any other transaction CSR 30000000 Omnibus approval given by the Audit Committee 3850000 0 0
36 Mirza International Limited Genesis Brands Private Limited Directors are Shareholders/Directors in the company Loan 0 Omnibus approval given by the Audit Committee 500000 0 500000
37 Mirza International Limited REDTAPE Limited Directors are Shareholders in the company Investment 0 Approval by Audit Committee 0 100000 100000
38 Mirza International Limited Genesis Brands Private Limited Directors are Shareholders/Directors in the company Investment 0 Approval by Audit Committee 0 100000 100000
39 Mirza International Limited RTS Fashion Limited Directors are Shareholders/Directors in the company Inter-corporate deposit 0 Approval by Audit Committee 0 78256000 78256000
Total value of transaction during the reporting period 1044056000