Latest news about Redtape
Redtape
125.42
-0.45(-0.36%)
Company Performance:
View Company Insights1D-0.36%
1M-8.09%
6M-3.88%
1Y+3.72%
5Y+1.59%
More news about Redtape
01Aug 26
Redtape Limited releases Business Responsibility and Sustainability Report for FY26
Redtape Limited’s FY26 BRSR highlights strong governance, renewable energy adoption, and comprehensive employee welfare measures. With a turnover of ₹2,547.55 crore, the company reports zero regulatory penalties and full compliance with SEBI guidelines. CSR initiatives benefited 1,860 individuals, focusing on education and skill development.
01Aug 26
Redtape posts 32% PAT surge, proposes ₹2 dividend
Redtape Limited delivered strong FY26 results with standalone net profit surging 32.4% to ₹244 crore and revenue growing 19.6% to ₹2,415 crore. The company expanded its retail network by 100+ stores and diversified into new lifestyle categories. A final dividend of ₹2 per share is proposed.
03Jun 26
RedTape FY26 net profit rises 32.4% to ₹244 crore
RedTape reported a 32.4% rise in FY26 net profit to ₹244 crore, with revenue growing 19.6% to ₹2,415 crore. EBITDA margin expanded to 19.0%.
08Apr 26
RedTape Acquires Sprandi Sports Brand Rights for South Asian Markets
RedTape has acquired the brand rights for Sprandi Sports across India, Nepal, Bhutan, and Sri Lanka. The company plans to launch the sports brand through both online and retail channels, marking its strategic entry into the sports segment and expansion across multiple South Asian markets.
02Apr 26
REDTAPE Limited Confirms Compliance with SEBI LODR Regulations for Q4FY26
REDTAPE Limited has filed its Q4FY26 compliance status confirming adherence to SEBI LODR Regulations 6(1) and 7(1). The company appointed Mr. Akhilendra Bahadur Singh as Company Secretary and Compliance Officer, and KFin Technologies Limited as Registrar and Share Transfer Agent. The filing demonstrates the company's commitment to regulatory compliance and proper corporate governance structures.
17Feb 26
REDTAPE Limited Q3FY26 Investor Presentation Reveals Strong Growth Trajectory
REDTAPE Limited's Q3FY26 investor presentation showcases robust financial performance with revenue reaching ₹785.85 crore (up 18.70% YoY) and net profit of ₹105.72 crore (up 42.72% YoY). The company has expanded to 662 stores across 295 cities, with strong e-commerce contribution of 27% and comprehensive brand portfolio including Ozark, Mode, and Bond Street.
14Jan 26
Redtape Shares Fall 7% After Promoters Clarify on Stake Monetisation Reports
Redtape shares fell over 7% on Wednesday following promoter clarification on stake monetisation reports. The decline came after a Reuters report suggested founders were exploring $510 million stake sale to Blackstone and KKR. Promoters clarified no disclosure-worthy event occurred under SEBI regulations but continue exploring strategic opportunities for growth and value creation.
14Jan 26
Redtape Limited Clarifies No Disclosable Event Occurred Regarding Founders' Stake Sale Reports
Redtape Limited has issued a clarification stating that no event has occurred requiring disclosure under SEBI Regulation 30, in response to reports about founders eyeing a stake sale. The company's statement aims to address market speculation and maintain transparency with stakeholders while ensuring regulatory compliance.
13Jan 26
RedTape Clarifies No Stake Sale Announcement Has Been Made By Founders
RedTape has officially clarified that no announcement regarding stake sale has been made by the company's founders. This statement addresses market speculation and demonstrates the company's commitment to transparent communication with investors and stakeholders about ownership matters.
13Jan 26
RedTape Founders Explore Stake Sale Worth Up to $509 Million with Blackstone, KKR
RedTape's founding family, the Mirzas, are exploring selling their majority or entire 71.8% stake worth up to $509.42 million to private equity firms Blackstone and KKR through Ernst & Young. The 1996-founded footwear company operates 600+ stores in India and 14 countries internationally, competing in a sector projected to reach $21 billion by 2028. Despite revenue growth of 9.7% to $223.91 million in FY2025, profits declined 3.5% and shares fell 43% last year.
13Jan 26
RedTape Shares Surge 12% as Founders Explore Stake Sale with Blackstone, KKR
RedTape shares surged over 12% following Reuters reports that founders are exploring stake sale with Blackstone and KKR. The 1996-established footwear company competes with Nike, Adidas, Bata India, and Campus Activewear in India's growing footwear market, which 1Lattice projects will expand 11% annually to reach $21.00 billion by 2028.
13Jan 26
Redtape Co-Founders Approach Blackstone and KKR for Potential Stake Sale
Redtape co-founders have reached out to private equity giants Blackstone and KKR to invite interest in their stake, according to Reuters. This strategic outreach to major institutional investors suggests the promoters are exploring divestment opportunities and considering alternatives for their ownership in the Indian footwear company.
13Jan 26
Redtape Founding Family Appoints Ernst & Young as Financial Adviser for Stake Divestment
Redtape's founding family has appointed Ernst & Young as financial adviser for potential stake divestment, indicating plans to explore strategic options for reducing their shareholding. The engagement of the prominent advisory firm suggests a structured approach to the potential transaction process.
13Jan 26
Redtape Founders Explore Major Stake Sale Worth Up To $509 Million
Redtape's founders are seeking buyers for a major stake sale valued at up to $509 million, according to Reuters. This represents a significant corporate restructuring initiative that could bring new investors into the company and alter its current ownership structure.
23Dec 25
REDTAPE Promoter Completes 22.52% Stake Acquisition via Gift Transfer
REDTAPE Limited promoter Rashid Ahmed Mirza completed acquisition of 12,44,89,980 equity shares representing 22.52% voting rights from his wife Yasmin Mirza through gift transfer on December 22, 2025. The off-market transaction increased his individual holding from 13.29% to 35.81% while maintaining total promoter group stake at 71.79% of company's paid-up capital.
24Nov 25
Redtape Reports 9.85% PAT Growth in Q2, Extends Share Transfer Window
Redtape announced Q2 financial results with a consolidated profit after tax of INR 27.00 crores, up 9.85% year-over-year. Total standalone income reached INR 501.00 crores. The company expanded its retail network to 513 exclusive stores across 328 cities. Redtape aims for 20% year-on-year growth and is diversifying into premium segments with a new brand, Ozark. The company also extended the special window for re-lodgement of physical share transfer requests until January 6.
14Nov 25
RedTape Posts Strong Q2 Results: Revenue Up 18%, Profit Rises 10%
Redtape, an Indian footwear and accessories company, announced strong Q2 financial results. Revenue grew by 18% to ₹492.00 crore, while net profit increased by 10% to ₹27.50 crore. The EBITDA margin slightly decreased to 14.80% from 15.50%. The company's shares traded 1.50% higher following the announcement. Redtape's balance sheet shows total assets of ₹228,870.00 lakh and total equity of ₹85,798.00 lakh as of September 30, 2025. The company demonstrated effective cash flow management with positive operating cash flow and continued investment in long-term assets.
15Sept 25
Red Tape Shares Under Scrutiny Amid Ongoing Income Tax Investigation
The Income Tax Department's investigation into Redtape, a major footwear and accessories brand, has entered its third day. The probe targets six locations in Noida and Greater Noida, including Redtape's head office and Mirza International's corporate office. Officials have seized documents, digital data, and CCTV footage. Preliminary findings suggest evidence of undisclosed income worth several crores. Specialized teams are conducting a forensic audit of the collected materials. Redtape shares closed flat at Rs 138.40 on the BSE amid the ongoing investigation.
28Aug 25
Redtape Limited Expands Business Scope, Updates Key Management Personnel
Redtape Limited's Board of Directors has approved amendments to its Memorandum of Association, allowing the company to expand into e-commerce, manufacturing, trading, and distribution of various products including electronics, beauty items, and wellness products. The company also updated its list of Key Managerial Personnel authorized for determining materiality of events for stock exchange disclosures. These changes are subject to shareholder approval at the upcoming Annual General Meeting.
14Aug 25
REDTAPE Limited Announces Q1 Results and CFO Leadership Changes
Redtape Limited announced robust Q1 financial results with consolidated revenue of Rs 365.31 crore and profit of Rs 37.62 crore. The company also made key management changes, appointing Vivek Agnihotri as the new CFO, replacing Abhinav Jain who has been re-designated as VP - Finance.
13Aug 25
Redtape Limited Corrects Consolidated Financial Results, Net Profit Decreases by Rs. 24 Lakhs
Redtape Limited has submitted a modification to its consolidated financial results, citing clerical and typographical errors. The correction resulted in a net decrease of Rs. 24.00 lakhs in the reported net profit after tax. The company's standalone financial statements remain unaffected. Redtape has resubmitted the modified XBRL file to both BSE Limited and the National Stock Exchange of India Limited. The statutory auditors have maintained their unmodified opinion on the financial statements.
27May 25
REDTAPE Reports Improved Q4 EBITDA and Mixed Financial Results
REDTAPE's Q4 financial results show a mixed performance. The company's consolidated EBITDA increased by 8.84% year-over-year to ₹813.00 million, with EBITDA margin improving to 16.09%. Net profit grew marginally by 1.22% to ₹415.00 million. However, revenue slightly decreased by 0.98% to ₹5.05 billion compared to the same quarter last year. Quarter-over-quarter, net profit declined by 43.23% from ₹731.00 million in Q3.
01May 25
REDTAPE Expands E-commerce Capabilities with New Ludhiana Warehouse
REDTAPE has launched a new online warehouse and operations facility in Ludhiana, Punjab, to enhance its e-commerce infrastructure. This strategic move aims to improve order fulfillment, increase capacity for online orders, and enhance inventory management. The location in Ludhiana, a major industrial hub, offers advantages such as proximity to suppliers and access to skilled workforce. This development signifies REDTAPE's commitment to strengthening its online presence and competing effectively in the growing Indian e-commerce market.
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