Outcome of the Board Meeting as per Regulation 30 (read with Part A of Schedule IIT) and Regulation 33 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) ....
Awaiting price reaction for this filing.
The board of Redmax Footwears Limited (formerly Viaan Industries Ltd) met on November 13, 2025 and approved unaudited financial results for the quarter and half year ended September 30, 2025, along with the limited review report, cash flow statement, and balance sheet. Revenue from operations for H1 FY26 was effectively nil, compared with Rs 2.20 lakhs for the full FY25. The company reported a loss before tax of about Rs 10.44 lakhs for H1 FY26, against Rs 22.14 lakhs for FY25. Cash and bank balance stood at just Rs 0.68 lakhs as of September 30, 2025, with negative operating cash flow of Rs 14.69 lakhs. The statutory auditors (Ashwani & Associates) issued an unmodified limited review report, but separately flagged that trading in the company's shares is temporarily suspended on BSE. The company also disclosed that share issuance to the NCLT resolution applicant (Hemant Jindal) is still pending coordination with BSE, SEBI and ROC, and that Rs 10 lakh refunded to Kundan Care Products has been written off against capital reserve.
Near-zero revenue, persistent losses and a razor-thin cash balance point to serious operational stress, while the BSE trading suspension and pending NCLT-mandated share issuance add governance and dilution uncertainty for existing shareholders.