News Earnings Redmax Footwears Limited Reports Q3FY26 Results with Zero Revenue and ₹2.85 Lakhs LossRedmax Footwears Limited Reports Q3FY26 Results with Zero Revenue and ₹2.85 Lakhs Loss
Redmax Footwears Limited reported zero revenue from operations and a net loss of ₹2.85 lakhs for Q3FY26, compared to ₹2.20 lakhs revenue and ₹3.05 lakhs loss in Q3FY25. For nine months ended December 31, 2025, the company recorded zero revenue and ₹13.29 lakhs loss versus ₹2.20 lakhs revenue and ₹12.69 lakhs loss in the corresponding period last year. The company, formerly known as Viaan Industries Limited, has its equity shares temporarily restricted on BSE due to procedural reasons and is coordinating with regulatory bodies regarding pending share issuance as per NCLT order.
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Redmax Footwears Limited, formerly known as Viaan Industries Limited, has announced its unaudited standalone financial results for the third quarter ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 13, 2026, which commenced at 5:00 PM and concluded at 6:00 PM.
Financial Performance Overview
The company's financial performance for Q3FY26 showed significant operational challenges with zero revenue generation. The quarterly results demonstrate a stark contrast to the previous year's performance, highlighting the company's current operational difficulties.
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹0.00 lakhs | ₹2.20 lakhs | -100% |
| Total Income | ₹0.00 lakhs | ₹2.20 lakhs | -100% |
| Net Loss | ₹2.85 lakhs | ₹3.05 lakhs | Reduced by ₹0.20 lakhs |
| Basic EPS | ₹(0.03) | ₹(0.03) | No change |
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, Redmax Footwears continued to face operational challenges with no revenue generation throughout the period.
| Parameter | Nine Months FY26 | Nine Months FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | ₹0.00 lakhs | ₹2.20 lakhs | -100% |
| Total Expenses | ₹13.29 lakhs | ₹14.89 lakhs | ₹1.60 lakhs lower |
| Net Loss | ₹13.29 lakhs | ₹12.69 lakhs | ₹0.60 lakhs higher |
| Basic EPS | ₹(0.13) | ₹(0.13) | No change |
Expense Structure and Cost Management
Despite zero revenue, the company incurred various operational expenses during Q3FY26. The major expense components included other expenses of ₹2.21 lakhs, employee benefit expenses of ₹0.63 lakhs, and finance costs of ₹0.04 lakhs. Notably, the company recorded negative operating costs of ₹5.00 lakhs during the quarter.
Corporate Developments and Regulatory Matters
The company underwent a significant corporate restructuring with its name change from Viaan Industries Limited to Redmax Footwears Limited, approved by the Ministry of Corporate Affairs on May 5, 2025. The company is currently processing this name change with the stock exchange.
As per the NCLT order dated February 6, 2024, the resolution applicant Hemant Jindal was required to be issued respective shares. The company is coordinating with regulatory bodies including BSE, SEBI, and ROC for the share capital issuance, which remains pending as of the results preparation date.
Trading Status and Audit Opinion
The company's equity shares remain temporarily restricted on BSE due to procedural reasons. However, the statutory auditors M/s Ashwani & Associates have issued an unmodified opinion on the unaudited financial results, with the trading restriction mentioned as an "Other Matter" that does not modify their audit opinion.
Key Financial Metrics
The company maintains 1,000,000 weighted average equity shares outstanding with a face value of ₹1.00 per share. The earnings per share for continuing operations remained at ₹(0.03) for the quarter and ₹(0.13) for the nine-month period, consistent with the previous year's performance.
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