Intimation w.r.t. Availability of name under the Companies Act 2013
Awaiting price reaction for this filing.
Viaan Industries Ltd has received approval from the Ministry of Corporate Affairs (MCA) for changing its name to 'Redmax Footwears Limited.' The new name signals a shift in the company's business focus towards the footwear sector, which aligns with its existing domain. Shareholders had already approved this change through a postal ballot and e-voting. The name change is still subject to final approval from the Registrar of Companies, Maharashtra, and other regulatory authorities. The MCA's name availability is valid for 60 days from the approval date of April 3, 2025.
This is a corporate identity change that reflects the company's strategic focus on the footwear business. While the name change itself does not directly affect financials, it may help the company build a stronger brand identity in the footwear segment. Existing shareholders are not affected in terms of shareholding, and the stock will continue trading under scrip code 537524 with the new name once all approvals are received.