Submission of unaudited Financial Results along with the Limited Review Report for the quarter and nine momths ended on 31st Decemeber, 2025 details enclosed
Awaiting price reaction for this filing.
Redmax Footwears Limited (formerly Viaan Industries Limited) submitted its unaudited standalone financial results for the third quarter and nine months ended December 31, 2025. The company recently changed its name from Viaan Industries Limited to Redmax Footwears Limited via an MCA letter dated May 5, 2025, and is in the process of updating this with BSE. The statutory auditor, Ashwani & Associates, issued an unmodified (clean) limited review opinion on the results. The review report contains an Other Matter paragraph noting that trading of the company's equity shares on BSE is temporarily suspended due to procedural reasons. The results also reference an older NCLT order requiring issuance of shares to a Resolution Applicant (Hemant Jindal), which is still pending coordination with regulators. A Rs 10 lakh write-off was recorded against Capital Reserve. No funds were raised via public issue, rights issue, or preferential issue during the period.
For shareholders, the results carry a clean auditor opinion with no qualifications, but the ongoing BSE trading suspension limits liquidity. The unresolved NCLT share issuance and pending name-change processing on the exchange add administrative uncertainty, though no immediate dilution or financial red flags are flagged.