Appointment of Chief Financial Officer & Key Managerial Personnel of Mr. Akash Aggarwal w.e.f. May 19, 2025.
Awaiting price reaction for this filing.
Viaan Industries Ltd, now renamed to Redmax Footwears Limited, has appointed Mr. Akash Aggarwal as its Chief Financial Officer and Key Managerial Personnel effective May 19, 2025. Mr. Aggarwal brings over 14 years of experience in financial leadership, corporate strategy, capital structure optimization, and operational efficiency. He also holds significant operational experience in the Apparel, Footwear, and Textile Industry, which aligns with the company's renewed focus. The appointment was cleared by the Audit Committee and recommended by the Nomination and Remuneration Committee before board approval. Separately, the company has changed its name from Viaan Industries Limited to Redmax Footwears Limited, effective May 5, 2025, reflecting a strategic shift toward the footwear business.
Bringing in a CFO with direct footwear and textile industry experience could strengthen financial strategy at a time when the company is rebranding and pivoting toward its footwear identity. For shareholders, this signals management's intent to professionalize the leadership team and sharpen focus on the core footwear business.