Pursuant to Regulation 47 of SEBI (LODR) Regulation, 2015, please find enclose the copies of the newspaper advertisement for the quarter and year ended on 31st March, 2026, published in ....
Awaiting price reaction for this filing.
Viaan Industries Ltd has officially changed its name to Redmax Footwears Limited (MCA approval dated 05.05.2025) and is in the process of updating the name with BSE. The company is essentially a dormant entity with zero operating income for both Q4 and full year FY26. The company reported a net loss of Rs. 16.97 lakhs for FY26 compared to a loss of Rs. 32.14 lakhs in FY25, showing some improvement. Reserves are deeply negative at Rs. (140.07) lakhs. As per NCLT order dated 06.02.2024, shares are pending issuance to resolution applicant Hemant Jindal. The statutory auditors have expressed an unqualified opinion on the financial results.
The company has no operating revenue and continues to burn cash, indicating a fundamentally weak business. The name change and pending share issuance to a new promoter suggests a potential business revival plan, but with negative reserves and zero income, the stock remains highly speculative and risky for retail investors.