Redmax Footwears Limited (formerly known as Viaan Industries Limited) has filed its annual regulatory disclosure with BSE Limited under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated May 9, 2026. The filing was submitted by Company Secretary and Compliance Officer Teena Goel, along with a declaration from promoter Hemant Jindal confirming nil encumbrance on his shareholding for the financial year ended March 31, 2026.

Key Details of the Disclosure

The disclosure was addressed to both the Listing Department of BSE Limited and the Audit Committee of Redmax Footwears Limited. The following table summarises the key parameters of the filing:

Promoter's Declaration

In his disclosure, promoter Hemant Jindal confirmed his status as a promoter of the company as on March 31, 2026. He declared that no encumbrance — whether direct or indirect — was created on the shares held by him in the company during the financial year ended March 31, 2026. The declaration was digitally signed by Hemant Jindal on May 9, 2026.

Company Background

Redmax Footwears Limited noted in the disclosure that the company was acquired through the Insolvency and Bankruptcy Code process and is presently in the revival stage. The company operates under its current name, having formerly been known as Viaan Industries Limited.

Regulatory Context

The annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 requires promoters to confirm whether any encumbrance has been created on their shareholding during the relevant financial year. The filing by Redmax Footwears Limited fulfils this statutory obligation for the financial year ended March 31, 2026, and has been submitted to BSE Limited for record purposes.

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.