Cosmic Energy & Motors Limited , formerly Shashank Traders, has formally dispatched the notice for its 41st Annual General Meeting (AGM). The company published newspaper advertisements regarding the dispatch of the notice and e-voting information on September 9, 2026.

The AGM is scheduled for Wednesday, September 30, 2026, at 3:00 pm via Video Conference or Other Audio-Visual Means. The deemed venue is the Registered Office of the Company.

Notice Dispatch and Publication

Pursuant to Regulation 30 read with Schedule III, Regulation 47, and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed the publication of advertisements in the following newspapers on September 9, 2026:

• Financial Express: Page No. 29 (English Newspaper)
• Jansatta: Page No. 19 (Hindi Newspaper - Published in New Delhi)

The notice and related documents are also available on the company’s website at www.shashankinfo.in .

Record Date and Book Closure

Cosmic Energy has fixed September 23, 2026, as the record date for determining voting eligibility. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 30, 2026, inclusive.

This intimation was initially published on September 8, 2026, pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI LODR Regulations, 2015. The Board of Directors approved convening the meeting during its session on September 7, 2026.

AGM Logistics and Voting

Key logistical details for the meeting include:

• Cut-off Date: September 23, 2026, for determining voting eligibility.
• Remote e-Voting Period: Commences on Sunday, September 27, 2026 (9:00 am) and ends on Tuesday, September 29, 2026 (5:00 pm).
• Scrutinizer: Mr. Sudhansu Sekhar Panigrahi, ACS, Practising Company Secretary.
• E-Voting Agency: National Securities Depository Limited (NSDL).

Members holding shares as on the cut-off date are eligible to vote. The facility for appointment of proxies is not available for this AGM as physical attendance is dispensed with.

Agenda Items

The notice outlines ordinary and special business to be transacted at the meeting.

Ordinary Business

1. Adoption of Financials: To receive, consider, and adopt the Audited Financial Statements for the financial year ended March 31, 2026, including the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement, along with the reports of the Board of Directors and Auditors.
2. Director Reappointment: To appoint Mrs. Suranjana Birla (DIN: 08646335) as a Non-Executive Non-Independent Director in place of herself, who retires by rotation under Section 152(6) of the Companies Act, 2013. She holds no equity shares in the company and drew no remuneration in FY25-26.

Special Business

Appointment of Statutory Auditors: The company seeks member approval to appoint M/s. G K Tulsyan & Co. (FRN: 323246E) as Statutory Auditors. This appointment addresses two aspects:

1. Filling Casual Vacancy: M/s. Nemani Garg Agarwal & Co. resigned from the position of Statutory Auditor on June 30, 2026. G K Tulsyan & Co. has been appointed to fill this casual vacancy effective July 6, 2026, until the conclusion of the 41st AGM.
2. Five-Year Tenure: Members will also vote to appoint G K Tulsyan & Co. for a full five-year term, commencing from the conclusion of this AGM until the conclusion of the 46th AGM.

Regulatory Compliance

The proceedings comply with MCA and SEBI circulars permitting AGMs via VC/OAVM without physical presence. All documents referred to in the Notice are available for electronic inspection by members.

Shashank Traders reported a net loss of ₹22.4 lakh for FY26, a 66% increase from the ₹13.5 lakh loss in the previous year. Revenue from operations surged 766% to ₹42 lakh, but this growth was driven primarily by non-operational accounting adjustments rather than core trading activity.

The company's financial performance deteriorated significantly during the period under review. While total income jumped to ₹41.97 lakh from ₹4.84 lakh in FY25, total expenditure more than tripled to ₹61 lakh from ₹18.33 lakh. This divergence resulted in a widening pre-tax loss of ₹19.03 lakh, compared to ₹13.48 lakh in the prior year.

Financial Performance

The sharp rise in revenue was not reflective of organic business growth. The company recorded zero purchases of traded goods in FY26, down from ₹35.06 lakh in FY25. Instead, the revenue increase was fueled by a reversal of bad and doubtful debts amounting to ₹17.16 lakh and other income of ₹24.81 lakh.

Conversely, operating costs remained high. Employee benefit expenses rose 133% to ₹31.54 lakh from ₹13.53 lakh. Other expenses surged 330% to ₹57.85 lakh, largely due to a one-time write-off of debtors valued at ₹49.62 lakh. These factors contributed to an EBIT margin contraction to -45.34% from -2.78% in FY25.

What the Numbers Show

A critical observation is the disconnect between top-line growth and operational reality. Despite a 766% surge in reported revenue, the company generated no new trade receivables and recorded zero purchases of traded goods. This indicates that the revenue figure is composed almost entirely of non-recurring accounting adjustments—specifically debt reversals and other income—rather than sustainable commercial activity. Consequently, the widening net loss reflects the inability of these one-time gains to offset persistent structural operating costs and significant asset write-offs.

Management and Governance Changes

Shashank Traders underwent a complete board overhaul following an open offer by AVB Endeavors Private Limited, Prilika Enterprises Private Limited, and Aditya Vikram Birla. The acquirers purchased 26.65% of the equity stake at ₹30 per share.

Mr. Praveen Jaswant Rai Jain resigned as Managing Director effective May 30, 2026. He was succeeded by Mr. Anil Kumar Singh as Whole Time Director, with Mr. Aditya Vikram Birla appointed as Non-Executive Chairman. The company also replaced its statutory auditors, appointing M/s. G K Tulsyan & Co. to fill the casual vacancy left by Nemani Garg Agarwal & Co.

Balance Sheet Signals

The company’s liquidity position weakened slightly, with the current ratio declining to 0.85x from 0.93x in FY25. Cash and cash equivalents dropped by 73% to ₹2.68 lakh. Short-term borrowings increased to ₹29.11 lakh from ₹28.60 lakh, with the majority comprising interest-free loans from directors. The debt-to-equity ratio rose to 1.49x from 1.29x, indicating higher leverage against a shrinking equity base.