Board Meeting Details

The Board of Directors meeting was held on Friday, 13th November 2026, commencing at 05:00 PM and concluding at 06:00 PM.

Key Approvals

1. Approved the unaudited standalone quarterly Financial Results of the Company for the quarter and half year ended 30th September 2026, together with the Limited Review Report.

2. Approved the appointment of Internal Auditor for the Financial Year 2026-27.

Company Name Change

The company name has been changed from Viaan Industries Limited to Redmax Footwears Limited via Ministry of Corporate Affairs letter dated 05.05.2025. The company is in the process of changing its name with the stock exchange.

Financial Results Overview

Statement of Profit and Loss (Quarter Ended September 30, 2026):

  • Revenue from Operations: ₹0.00
  • Other Income: ₹0.00
  • Total Income: ₹0.00
  • Total Expenses: ₹6.97 lakh
  • Employee Benefit expenses: ₹1.20 lakh
  • Finance costs: ₹0.68 lakh
  • Other Expenses: ₹5.09 lakh
  • Loss before tax: ₹(6.97) lakh
  • Tax Expenses: ₹0.00
  • Loss after tax: ₹(6.97) lakh
  • Earnings per share (basic and diluted): ₹(0.07)

Balance Sheet Position (As at September 30, 2026):

  • Total Assets: ₹7.15 lakh
  • Cash and cash equivalents: ₹0.58 lakh
  • Other current assets: ₹6.57 lakh
  • Total Equity: ₹(47.04) lakh
  • Share capital: ₹100.00 lakh
  • Other Equity: ₹(147.04) lakh
  • Total Liabilities: ₹54.19 lakh
  • Borrowings: ₹52.90 lakh
  • Trade payables: ₹0.24 lakh
  • Other Financial Liabilities: ₹0.98 lakh
  • Other current liabilities: ₹0.07 lakh

Cash Flow Statement (Half Year Ended September 30, 2026):

  • Net cash used in Operating Activities: ₹(11.20) lakh
  • Net cash from Financing Activities: ₹11.59 lakh
  • Proceeds from Borrowings: ₹12.27 lakh
  • Finance cost paid: ₹(0.68) lakh
  • Net increase in cash: ₹0.39 lakh
  • Cash at beginning: ₹0.19 lakh
  • Cash at end: ₹0.58 lakh

Auditor's Review Report

Ashwani & Associates, Chartered Accountants (Firm Registration No: 000497N) issued an unmodified review report on the financial results. The report contains an Other Matter paragraph noting that trading of the company's shares is temporarily restricted in BSE under Graded Surveillance Measures (GSM) Stage 3.