Redmax Footwears Limited, formerly Viaan Industries, reported zero operational revenue for FY 2025-26 while narrowing its net loss to Rs 16.97 lakh. The company, currently under trading restrictions, confirmed its shift in registered office to Delhi and appointed a new CFO. Shareholders are now assessing the firm's plans for operational recovery alongside proposed related party transactions for the coming year.
Redmax Footwears Reports Zero Revenue in FY 2026
Revenue: Rs 0 Lakh | Net Loss: Rs 16.97 Lakh
Reader Takeaway: Revenue remains at zero while compliance gaps persist; board signals intent for future operational activity.
What just happened
Redmax Footwears Limited, previously known as Viaan Industries Limited, held its 41st Annual General Meeting on September 23, 2026. The company disclosed a financial year marked by zero commercial activity and a net loss of Rs 16.97 lakh. The entity has completed its name change and relocated its registered office from Mumbai to Delhi.
Why this matters
The lack of operational revenue highlights ongoing inactivity within the business, which is currently compounded by trading restrictions on its equity shares. Investors are awaiting clear signs of commercial revival as the company looks to initiate new transactions with related parties, including Lam N Fab and several individuals, with aggregate limits reaching up to Rs 20 crore.
Governance and Compliance
The Secretarial Audit Report flagged multiple procedural lapses for FY 2025-26. These include delayed filings of shareholding patterns, missing mandatory website disclosures under SEBI regulations, and delays in regularizing Independent Director appointments. The Board has acknowledged these findings and committed to improving its governance framework.
Management Changes
The company underwent a leadership transition in its finance department. CFO Akash Aggarwal resigned in November 2025, and Ghanshyam Shukla was subsequently appointed as the new CFO effective February 13, 2026.
Context Metrics
The company reported a net loss of Rs 16.97 lakh in FY 2026, a slight improvement compared to the Rs 32.14 lakh loss recorded in FY 2025. Total expenses for the recent year were Rs 16.83 lakh.