Shashank Traders Limited has notified BSE Limited of the cessation of two directors from its Board, effective 5th May 2026. The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Managing Director Praveen Jain on behalf of the company.

Director Cessation Details

The Board of Shashank Traders Limited passed a resolution on 5th May 2026, recording the cessation of Mr. Keval Mahendra Bhai Shah and Ms. Hansa Mehta as directors of the company with immediate effect. The key details as disclosed under Regulation 30 are summarised below:

Reason for Cessation

The cessation of both directors was triggered by the deactivation of their Director Identification Numbers (DINs) on account of non-filing of DIR-3 KYC. As a result of such deactivation, Mr. Keval Mahendra Bhai Shah and Ms. Hansa Mehta were rendered unable to act as directors of the company, and the Board accordingly recorded their cessation from the directorship.

Context: Ongoing Open Offer Process

Shashank Traders Limited further disclosed that the company has recently made an open offer for the acquisition of shares in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. In light of the ongoing compliances and regulatory requirements associated with the open offer process, the continuation of directors with deactivated DINs was not considered feasible. The cessation was therefore recorded to ensure smooth regulatory compliance during this period.

Regulatory Disclosure

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has requested BSE Limited to take the information on record. The intimation was digitally signed by Praveen Jain, Managing Director, on 6th May 2026.

Shashank traders Limited has fulfilled its quarterly regulatory obligations by submitting the mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 15, 2026, demonstrating the company's commitment to regulatory compliance.

Regulatory Submission Details

The compliance certificate was formally submitted by Managing Director Praveen Jaswant Rai Jain to the Listing Department of BSE Limited. The submission included the required certificate from the company's Registrar and Share Transfer Agent, MAS Services Limited, confirming adherence to SEBI's dematerialization regulations.

RTA Compliance Confirmation

MAS Services Limited, serving as the Registrar and Share Transfer Agent, issued the compliance certificate on April 02, 2026. The certificate confirms that all securities received from Depository Participants for dematerialization during the specified quarter were processed in accordance with regulatory timelines.

Key Compliance Confirmations

The RTA certificate validates several critical compliance aspects:

• All securities received for dematerialization were confirmed within 15 days of receipt
• Security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members within the mandated timeframe
• Updates were communicated to depositories and stock exchanges within 15 days
• Register of members was appropriately updated

Regulatory Framework

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 mandates quarterly compliance reporting by listed companies. This regulation ensures transparency in the dematerialization process and maintains investor confidence in the securities market infrastructure.

The submission reflects Shashank Traders Limited's adherence to SEBI's regulatory framework and its commitment to maintaining proper records and timely compliance with depositories and participants regulations.