Redtape Ltd (REDTAPE)

Redtape Limited was incorporated on December 8 2021 as a wholly owned subsidiary of Mirza International Limited. Prior to the Scheme the Company was engaged in design development manufacturing marketing trading export and retailing of leather footwear sports shoes garments amp apparels leather goods and accessories and other related activities.The Composite Scheme of Arrangement of RTS Fashions Private Limited Mirza International Limited the Company and their respective shareholders and creditors which interalia provided for a Amalgamation of RTS Fashions Private Limited with Mirza International Limited and b Demerger of Branded Business/ Redtape Business of Mirza International Limited into the Company on a going concern basis. The said Scheme was sanctioned and thereafter the Branded Business/ Redtape Business of Mirza International Ltd got demerged into the Company w.e.f February 25 2023. On implementation of the Scheme of Arrangement for Demerger of the Redtape Business from MIL Equity Shares were allotted in the ratio of 1:1 to all the shareholders of MIL. Accordingly the Equity Shares of the Company got listed on August 11 2023..

Share Price: ₹703.95 per share as on 07 May, 2024 04:01 PM
Market Capitalisation: ₹9,936.03Cr as of today
Revenue: ₹617.57Cr as on December 2023 (Q4 23)
Net Profit: ₹60.82Cr as on December 2023 (Q4 23)
Listing date: 11 Aug, 2023
Chairperson Name: Rashid Ahmed Mirza