Announcement under Regulation 30 (LODR), Appointment of Chief Financial Officer cum Executive Director of the company - Enclosed
Awaiting price reaction for this filing.
Redmax Footwears Limited (formerly Viaan Industries Ltd, BSE: 537524) has appointed Mr. Ghanshyam Shukla as Chief Financial Officer cum Executive Director with effect from February 13, 2026. Mr. Shukla already serves as the company's Executive Director and brings over 25 years of experience in marketing, sales, business development, and financial management. The appointment was recommended by the Nomination and Remuneration Committee and Audit Committee, and the company confirmed he is not debarred by SEBI or any other authority from holding the position. The filing also notes the company has not raised any funds through public, rights, or preferential issues, making Regulation 32 inapplicable.
This is a dual-role appointment as Mr. Shukla was already Executive Director; combining CFO responsibilities with the executive director role may strengthen financial oversight but also concentrates decision-making power in one person, which shareholders should monitor closely.