This is to inform you that the Company received the following query from BSE on June 30, 2025: "Standalone Results- Results documents/figures are not clear for year ended- March 2025. You ....
Awaiting price reaction for this filing.
Viaan Industries Ltd (now renamed Redmax Footwears Limited) has resubmitted its audited standalone financial results for the quarter and year ended March 31, 2025, after BSE flagged the original filing as unclear. The auditor, Ashwani & Associates, issued an unmodified (clean) opinion on the results. The company reported a total income of ₹2.20 lakhs for FY25 against ₹0.45 lakhs in FY24, but posted a net loss of ₹32.14 lakhs, widening from ₹27.69 lakhs the previous year, with negative other equity of ₹122.60 lakhs. The company also disclosed that its shares are currently suspended from trading under BSE/NSE's Graded Surveillance Measures (GSM) Stage IV. Additionally, the company name was officially changed from Viaan Industries Limited to Redmax Footwears Limited via an MCA letter dated May 5, 2025.
While the audit opinion is clean and the filing compliance issue is being resolved, shareholders should note continued widening losses, negative reserves, near-zero revenue, and an active trading suspension under GSM Stage IV — all of which signal ongoing financial and regulatory stress for the stock.