Pursuant to Regulation 33 of SEBI (Listing obligation and Disclosure requirements) Regulation 2015, the Board on May 30th, 2025 approved the Audited Standalone Financials for the Quarter ....
Awaiting price reaction for this filing.
Viaan Industries, now renamed to Redmax Footwears Ltd, submitted its audited standalone results for Q4 and full year FY25. The company reported virtually zero revenue (₹0.49 lakh for FY25) and a net loss of about ₹32.16 lakh for the year, widening from a loss of ₹3.45 lakh in FY24. The balance sheet shows eroded shareholder equity (other equity at -₹22.60 lakh) with total assets shrinking sharply from ₹110.54 lakh to ₹14.46 lakh. The statutory auditor (Ashwani & Associates) issued an unmodified (clean) opinion. As a key disclosure, the auditor flagged that the company's shares are under trading restrictions on NSE and BSE under GSM Stage IV.
Negative for shareholders — the company is loss-making with near-zero revenue, negative book value, and shares already under heavy exchange surveillance (GSM Stage IV). The name change to Redmax Footwears hints at a strategic pivot, but operational numbers remain very weak.