Disclosure Under Regulation 31 (4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 for the Financial Year Ended on March 31st, 2026.
Awaiting price reaction for this filing.
Viaan Industries Ltd (now Redmax Footwears Limited) has filed its annual promoter disclosure for the financial year ended March 31, 2026. Promoter Hemant Jindal declares that he holds shares in the company as of March 31, 2026. He explicitly confirms that he has NOT created any encumbrance (pledge) on his shares during the financial year 2025-26, either directly or indirectly. The company notes that it was acquired through the Insolvency and Bankruptcy Code (IBC) process and is presently in the revival stage.
The absence of any pledge or encumbrance on promoter shares is a positive signal, indicating the promoter has not leveraged their holdings amid the company's ongoing revival after insolvency proceedings.