Viaan Industries Ltd

AGM Details

• 41st Adjourned AGM held 30 September 2026 at 11:30 AM IST via VC/OAVM.
• Meeting commenced 11:35 AM and concluded 12:03 AM IST (excluding e-voting).
• Notice dated 29 August 2026.
• Remote e-voting window from 19–22 September 2026; on-site voting for 15 minutes post-meeting.
• Statutory and secretarial auditors attended via VC.

Resolutions

• Ordinary: Adoption of Audited Balance Sheet, P&L, Cash Flow for year ended 31 March 2026; Outcome not disclosed.
• Ordinary: Re-appointment of Monika Jindal on rotation; Outcome not disclosed.
• Special: Approve material Related Party Transaction limits with Lam N Fab; Outcome not disclosed.
• Special: Approve material RPT limits with Hemant Jindal HUF; Outcome not disclosed.
• Special: Approve material RPT limits with Hemant Jindal; Outcome not disclosed.
• Special: Approve material RPT limits with Monika Jindal; Outcome not disclosed.
• Special: Approve material RPT limits with Neha Special Jindal; Outcome not disclosed.

Director changes

• Re-appointment of Monika Jindal (DIN 07461151) on rotation.
• No other director changes announced at this AGM.

Auditors

• Statutory auditor attended; no appointment changes disclosed.
• Secretarial auditor attended; no changes disclosed.

Material related party transactions

• Lam N Fab: material RPT limits approved.
• Hemant Jindal HUF: material RPT limits approved.
• Hemant Jindal: material RPT limits approved.
• Monika Jindal: material RPT limits approved.
• Neha Special Jindal: material RPT limits approved.

Other material approvals

• No other material approvals reported beyond the stated RPT items.

Redmax Footwears Limited (formerly Viaan Industries Limited): Closure of Trading Window from 01 October 2026 till 48 hours after the declaration of the Unaudited Financial Results for the quarter and half year ended September 30, 2026

AGM Adjournment

• AGM adjourned due to lack of quorum; rescheduled to 30 Sep 2026 at 11:30 AM.
• Access link will be available on NSDL's evoting portal.
• Company name changed to Redmax Footwears Limited; name-change ongoing with stock exchange.
• Intimation issued on the latest letterhead of Redmax Footwears Limited.

Financial performance

• FY2026 revenue from operations: 0.00 INR lakh; FY2025 was 2.20 lakh.
• Total income (net) FY2026: 0.00 INR lakh; FY2025: 2.20 lakh.
• Net loss for FY2026: ₹16.97 lakh.
• EPS (basic and diluted) for FY2026: ₹-0.17.
• Net cash from operating activities: ₹-23.00 lakh.
• Net cash from financing activities: ₹10.74 lakh inflow.
• Cash at year end: ₹0.19 lakh.
• Total assets: ₹2.80 lakh; negative net worth ₹-40.07 lakh.
• Current borrowings: ₹40.63 lakh; trade payables (current): ₹0.20 lakh.
• Dematerialisation of shares: 99.55%.

Business and operations

• Single business segment: footwear; operations entirely in India.
• FY2026 revenue nil; company largely non-operational in reported year.
• Post-year events: name changed to Redmax Footwears Limited; registered office moved to Delhi.
• Online AGM/EGM conducted via VC/OAVM; 41st AGM scheduled for Sept 23, 2026.

Capital structure and liquidity

• Equity share capital: ₹100 lakh; promoter holding ~49.13%; public ~50.87%.
• Net worth negative: ₹-40.07 lakh as of 31 Mar 2026.
• Current liabilities: ₹42.87 lakh; current assets: ₹2.80 lakh.
• Short-term borrowings: ₹40.63 lakh; other current liabilities ₹2.00 lakh.

Governance and board

• Board as at 31 Mar 2026: 3 Executive Directors, 3 Non-Executive Independent Directors.
• Independent Directors Amit Singhania, Rupali Singhania, Himanshu Kumar appointed 30 May 2025.
• AGM approvals for independent directors obtained at 29 Sep 2025 AGM; Reg. 17(1C) compliance flagged.
• Board meetings held: 11; Audit Committee: 9 meetings; NRC: 5 meetings; Stakeholders: 2 meetings.

Audits and controls

• Statutory auditor: Ashwani & Associates; opinion: unmodified on standalone financials.
• Internal auditor: S.C. Garg & Associates.
• Secretarial audit: Annexure-5; one observation acknowledged; management to address.
• Trading of company shares temporarily restricted; NCLT-related share issuance not yet credited.

Related party transactions and governance

• Material Related Party Transaction (RPT) limits approved for FY2026-27: Lam N Fab up to ₹15 crore.
• RPT limits with Hemant Jindal HUF up to ₹1 crore; Hemant Jindal up to ₹2 crore.
• RPT limits with Monika Jindal, Neha Jindal up to ₹1 crore each; all arm's length.
• RPTs involve sale/purchase of goods; tenure 1 year; conducted in ordinary course.

Post-year events and risks

• Management discuss risks: regulatory, execution, market, and cybersecurity concerns.
• Outlook remains cautiously positive; focus on diversification and efficiency in a challenging environment.
• Post-year: name change and Delhi HQ; ongoing regulatory coordination for share issuance to promoter.

Q1 2026 results

• Approved unaudited standalone Q1 2026 results for quarter ended 30 June 2026, with Limited Review Report.
• Result approved by Board at meeting on 12 August 2026.

Committee changes

• Reconstituted Nomination and Remuneration Committee effective 12 August 2026.
• Members: Rupali Singhania (Chair), Amit Singhania (Member), Himanshu Kumar (Member), independent directors.

Company name

• Company name changed from Viaan Industries Limited to Redmax Footwears Limited.
• Name change in process with stock exchange; MCA letter dated 05 May 2025.

Audit and trading status

• Auditors issued unmodified opinion on Q1 2026 results; review conducted per SRE 2410.
• Trading restricted in BSE under GSM Stage 3; impact is not reflected in opinion.
• Auditors note no modification despite trading restriction; impact Nil.

Financial results

• Approved unaudited standalone Q1 2026 results with Limited Review Report.

Governance actions

• The Nomination and Remuneration Committee was reconstituted.
• Rupali Singhania appointed Chairperson; Amit Singhania and Himanshu Kumar appointed Members; effective 12 August 2026.

Auditor and regulatory notes

• Auditors Ashwani & Associates issued an unmodified Limited Review Report for Q1 2026.
• GSM Stage 3 trading restriction noted as Other Matter; auditor's opinion remains unmodified.