Pursuant to Regulation 47 of SEBI (Listing obligations and Disclosure Requirements) Regulation, 2015, the advertisements were published in English and Marathi newspaper on 14th August 2025.
Awaiting price reaction for this filing.
Viaan Industries Ltd, now renamed Redmax Footwears Limited following an MCA letter dated May 5, 2025, filed newspaper advertisements in English (The Free Press Journal) and Marathi (Nav Shakti) on August 14, 2025, publishing its unaudited Q1 FY26 results as required under SEBI Regulation 47. For the quarter ended June 30, 2025, the company reported zero revenue from operations and a net loss of Rs 5.66 lakhs, narrower than the Rs 8.63 lakhs loss in Q4 FY25. Equity share capital stands at Rs 100 lakhs, reserves remain deeply negative at Rs (131.23) lakhs, and EPS was Rs (0.06). The stock exchange is still processing the company's name change.
The company continues to post losses with no operating revenue and negative reserves, indicating ongoing financial weakness. The name change to Redmax Footwears suggests a strategic pivot, but shareholders should watch for actual revenue traction under the new brand before drawing confidence.