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News Topical, Digital Desk : In the year 2022, the share price was at Rs 40. After this, the boom returned and the price crossed Rs 400 in 2 years. After this, the decline started again. The stock has come below Rs 30. One year return -32 percent i.e. the stock has fallen. Three year return -85 percent i.e. those who bought the stock have lost money. Now the company has given an important information on the exchange.
On 20 June 2025, the stock opened at Rs 28.88 against the closing price of Rs 28.74. After this, the company has given information about the sale on the exchange. The stock is rising.
This company is Mirza International. The company told on the exchange that it sold the property in Delhi, the deal was done for Rs 23 crore. Mirza International Limited, a well-known company in the footwear and fashion sector, said on Friday that it has sold one of its properties in Delhi for Rs 23 crore. The company has given this information to BSE and NSE under Regulation 30. ???? Which property was sold? Property address: A-7, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi – 110044 Total area: 840.18 sq m (or 1004.88 sq yd) Sale price: ₹ 23 crore The company has said that there was no business activity on this property, so its sale will not affect the business.
| Information | |
|---|---|
| Date of the transaction | 20 June 2025 |
| full sale amount | ₹23 crore |
| Buyer Information | Confidential (Company did not disclose) |
| Is the buyer from the promoter or group? | No , it is not associated with the promoter group or related party |
| Is this a related party transaction? | No |
| Is this part of a slump sale or undertaking? | No , it is not the whole or part of the main business of the company |
Mirza International's company secretary Harshita Nagar said that this is a simple property sale and has nothing to do with the company's core business activities. This deal does not come under any scheme of arrangement or related party transaction.
What does it mean for investors?
The company has received immediate cash inflow which can be used for any other business expansion or debt payment. Since this deal is not with the promoter or group company, it will be considered transparent in terms of corporate governance. The company has clarified that it will not have any impact on operations or revenue, so this news may have limited impact on the market.
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