Medium Risk

MIRZA INTERNATIONAL LIMITED

Mirza International ia a leading manufacturer of leather and leather footwear

CIN: L19129UP1979PLC004821 FY: - Revenue: ₹569.6 Cr
5.3
ESG Risk
Score /10
Compliance RiskEpr ExposureGhg Intensity

Risk Breakdown

GHG Intensity
5.0
Water Intensity
5.0
Waste Intensity
1.3
EPR Exposure
6.5
Compliance Risk
10.0
HR Risk
3.0
Governance Risk
3.0

Financial Exposure

Est. Compliance Cost₹1–3 crore
EPR ApplicableUnknown
Scope 1 Emissions— tCO2e
Scope 2 Emissions— tCO2e
Water Withdrawal— m³
Waste Generated1,762.0 T

Governance

Anti-Corruption PolicyYes
Conflict of Interest PolicyYes
BRSR AssuranceNone
Assurance Provider

Double Materiality

Financial Materiality5.3
Impact Materiality4.6
QuadrantFinancially Material

Supply Chain

MSME Sourcing0.6%
Lifecycle AssessmentNo
Product ReclaimYes

Material Risks

e-waste

ESG Targets & Commitments

TopicTarget / MetricStatus
Human Rights in Supply Chain HR clauses in all contracts Commitment

AI Risk Summary

**MIRZA INTERNATIONAL LIMITED – FINANCIAL RISK SUMMARY** Mirza International faces critical compliance exposure under SEBI BRSR Core Expansion rules, with a maximum compliance risk score of 10.0/10 creating potential enforcement action and delisting risk if mandatory environmental disclosures and governance frameworks are not implemented; the company's missing Scope 1 and 2 emissions data and unclear EPR (Extended Producer Responsibility) applicability suggest incomplete regulatory mapping. The leather and footwear sector's water and chemical intensity makes the company's 5.0/10 water intensity risk particularly material—tannery operations typically face escalating water tariffs and potential supply restrictions under state water regulations, directly impacting the ₹569.6 crore revenue base. Estimated compliance remediation cost ranges ₹1–3 crore, but failure to address BRSR discrepancies within regulatory timelines risks reputational damage, investor exits, and regulatory penalties that could substantially exceed this estimate. Immediate priority: establish baseline emissions inventory, clarify EPR classification status, and formalize water management and governance reporting to align with SEBI BR

Source: MIRZA INTERNATIONAL LIMITED BRSR Filing, FY -. Derived from the company's own public disclosures. Not investment advice or a regulatory determination.

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