Redmax Footwears Limited announced that its board of directors has approved the closure of an inactive legacy IndusInd Bank account during a board meeting held on May 1, 2026. The decision was made in compliance with regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting commenced at 05:00 P.M. and concluded at 05:30 P.M. on Friday, May 1, 2026. The primary agenda item addressed was the closure of the IndusInd Bank account that had been identified from available bank records.

Account Closure Rationale

The board's decision to close the IndusInd Bank account was based on specific operational circumstances. The account was deemed inactive and legacy, with the company noting that it is not under the control of the present management. This situation arose following the company's acquisition under the Insolvency and Bankruptcy Code, 2016.

Corporate Name Change

The company has undergone a significant corporate transformation, changing its name from Viaan Industries Limited to Redmax Footwears Limited. This name change was officially approved by the Ministry of Corporate Affairs through a letter dated May 5, 2025. The company is currently in the process of updating this name change with the stock exchange.

The company's registered office is located at 5th Floor, Unit No 507, Aggarwal Millenium Tower I, Netaji Subhash Place, Pitampura, Shakur Pur I Block, North West Delhi, 110034. The Corporate Identification Number (CIN) is L15201DC1982PLC469647, and the communication was signed by Hemant Jindal, Managing Director, with DIN No. 00238742.

Redmax Footwears Limited has officially completed the relocation of its registered office from Mumbai to Delhi, marking a significant corporate restructuring move. The company received formal approval from the Registrar of Companies on March 16, 2026, finalizing the interstate office transfer process.

Board Approval and Timeline

The company's Board of Directors approved the registered office shifting through a resolution passed on January 06, 2026. The decision involved relocating from the Mumbai address at Saisha Bungalow No. 10/87, Mhada, SVP Nagar, Janki Devi School Road, Versova, Andheri West, Mumbai 400053 to the new Delhi location.

New Registered Office Address

The company has established its new registered office at 5th Floor, Unit No 507, Aggarwal Millenium Tower 1, Netaji Subhash Place, New Delhi, North West Delhi, Delhi-110034. This relocation represents a shift from the western suburbs of Mumbai to the national capital territory.

Regulatory Compliance and Documentation

Redmax Footwears Limited fulfilled all regulatory requirements for the interstate office transfer. The company received a Certificate of Registration for Change of State under Section 13(5) of the Companies Act, 2013. The Regional Director had previously issued an order on December 12, 2025, confirming the alteration of the company's Memorandum of Association provisions regarding the registered office location.

Corporate Identity Update

Following the registered office relocation, the company's Corporate Identity Number has been updated from L15201MH1982PLC291306 to L15201DC1982PLC469647, reflecting the change in jurisdiction from Maharashtra to Delhi. The company, formerly known as Viaan Industries Limited, continues its operations under the Redmax Footwears Limited name with enhanced administrative positioning in the national capital.