RedTape Shares Rallied 5% on Launching a New Product

October 29, 2025October 29, 2025

Shares of RedTape Ltd rallied 5% on Wednesday, 29 October, after the corporate introduced the launch of a brand new product within the attire and equipment space, particularly sun shades.

In an alternate submitting, RedTape mentioned, “We want to inform you that the corporate has launched a brand new product.”

In the meantime, the system was scheduled to launch on 28 October 2025, based on a enterprise assertion. In keeping with RedTape, the product will probably be marketed domestically.
 
At its 4th Annual Common Assembly on 26 September 2025, RedTape shareholders accepted a change to the Essential Object Clause of the Firm’s Memorandum of Affiliation (MoA).
 
The Board has periodically assessed the potential for growth into new enterprise segments. To advertise such diversification, the prevailing Objects Clause, which is presently restricted in scope, wanted to be expanded to cowl a broader number of potential actions.

This modification will enable the corporate to undertake new initiatives and ventures, broadening its operational scope. Below the present circumstances, the prompt actions could be seamlessly and advantageously built-in into the corporate’s present strains of exercise.

RedTape is certainly one of India’s premier vogue and life-style companies, based in 1996 and identified for its worldwide tendencies in footwear, attire, and equipment for males, ladies, and youngsters. 

RedTape was among the many first Indian footwear manufacturers to penetrate world markets reminiscent of the UK, and it now has a big worldwide presence, a big native community of over 390 shops throughout India, and a strong on-line footprint.

The corporate is recognised by its emphasis on high quality, consolation, and present design, offering high-end but reasonably priced attire. 

RedTape started as a footwear enterprise earlier than increasing into clothes and niknaks in 2006, ultimately changing into a full-fledged life-style model. 

RedTape, with its mix of world aesthetics and Indian craftsmanship, has established itself as a trusted identify in each home and worldwide markets, together with the UK, america, Australia, the United Arab Emirates, and past.

At 2:44 pm, the shares of RedTape have been buying and selling 2.67% larger at Rs 134.78 on NSE.

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