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.

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.