Redmax Footwears Limited Reports Q3FY26 Results with Zero Revenue and ₹2.85 Lakhs Loss

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. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.