Shashank Traders Limited reported a net loss of ₹22.39 lakh for the financial year ended March 31, 2026, on total income of ₹41.97 lakh. For the quarter ended March 31, 2026, the company recorded a net loss of ₹16.07 lakh. The audited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 30, 2026.

M/s. Nemani Garg Agarwal & Co., Statutory Auditors, issued an unmodified opinion on the results. The filing disclosed that the company has no business revenue since long and management is exploring new businesses. Additionally, the company recorded the cost of investment at ₹241.40 lakh at cost of acquisition without determining fair value as required by IND AS 109.

Board Decisions and Appointments

The Board approved a proposal to change the company's name, subject to availability and approvals from the Registrar of Companies, Stock Exchange, and shareholders. The Board also accepted the resignation of Mr. Praveen Jaswant Rai Jain from the office of Managing Director effective May 30, 2026.

Following the management changes, the Board appointed Mr. Pramod Kumar Shah as an Additional Director designated as Independent Director effective May 30, 2026, subject to shareholder approval. The Board reconstituted its key committees, including the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee.

Key Managerial Personnel Changes

The Board recorded the resignations of Mr. Nipun Praveen Jain as Chief Financial Officer and Ms. Renu Lahoti as Company Secretary & Compliance Officer effective May 30, 2026. Consequently, the Board appointed Mr. Om Prakash Lohia as Chief Financial Officer, Ms. Biswashree Pati as Company Secretary & Compliance Officer, and Mr. Pranay Ganeriwala as Chief Experience Officer, effective June 1, 2026.

The Board also appointed Mr. Sudhansu Sekhar Panigrahi as Secretarial Auditor and M/s. Barkha & Associates as Internal Auditor for FY26-27. Furthermore, the Board approved setting up a Corporate Office at Cosmic Tower, Kolkata.

Financial Performance

The company's paid-up equity share capital remained constant at ₹309.38 lakh. Reserves, excluding revaluation reserves, stood at a negative ₹115.00 lakh as of March 31, 2026.

In a significant shareholding development, shashank traders Limited has disclosed that its promoter and Managing Director, Praveen Jaswant Rai Jain, has divested his entire stake in the company through an off-market transaction. The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7 of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and was intimated to both BSE Limited and The Calcutta Stock Exchange Limited on 14th May 2026.

Details of the Share Disposal

Praveen Jaswant Rai Jain sold 8,24,600 equity shares at a price of Rs. 30 per share, with the total transaction value amounting to Rs. 2,47,38,000. The transaction was executed on 07/05/2026, and the intimation to the company was made on 08-05-2026. Prior to this disposal, the promoter held 8,24,600 equity shares, constituting 26.65% of the total share and voting capital of the company. Following the transaction, the promoter's holding has been reduced to NIL.

The key details of the transaction are summarised below:

Promoter Shareholding Before and After Disposal

The following table captures the change in the promoter's shareholding position as a result of this transaction:

Company Share Capital Remains Unchanged

The total equity share capital of Shashank Traders Limited remains unaffected by this disposal. Both before and after the transaction, the company's equity share capital stands at Rs. 3,09,38,000, comprising 30,93,800 equity shares of Rs. 10 each. The total diluted share and voting capital of the company also remains at Rs. 3,09,38,000, comprising 30,93,800 equity shares of Rs. 10 each.

Regulatory Compliance

The disclosure was signed by Praveen Jaswant Rai Jain (DIN: 01776424) and submitted from Mumbai on 14/05/2026. The filing covers disclosures under both SEBI (SAST) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015, ensuring compliance with the applicable regulatory framework. It is noted that the value of the transaction excludes taxes, brokerage, and any other charges.