Latest news about Shashank Traders
Shashank Traders
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More news about Shashank Traders
01Jul 26
Shashank Traders auditor resigns citing management change
Shashank Traders Limited's statutory auditor, M/s. Nemani Garg Agarwal & Co., resigned effective June 30, 2026, due to a change in the company's management. The auditor confirmed the resignation was not due to an inability to obtain sufficient appropriate audit evidence or any information suppression. The Board will recommend a new auditor in accordance with the Companies Act, 2013, subject to shareholder approval.
02Jun 26
Shashank Traders reports FY26 loss, approves name change
Shashank Traders Limited reported a net loss of ₹22.39 lakh for FY26 on total income of ₹41.97 lakh. The Board approved a proposal to change the company's name and accepted the resignation of Managing Director Mr. Praveen Jaswant Rai Jain. New appointments include Mr. Pramod Kumar Shah as Independent Director and Mr. Om Prakash Lohia as CFO, effective June 1, 2026.
15May 26
Shashank Traders Promoter Divests Entire 26.65% Stake via Off-Market Transaction
Promoter Praveen Jaswant Rai Jain of Shashank Traders Limited sold his entire holding of 8,24,600 equity shares, representing 26.65% of total share capital, via an off-market transaction on 07/05/2026. The shares were sold at Rs. 30 per share, amounting to a total value of Rs. 2,47,38,000. Post-disposal, the promoter holds NIL shares in the company. The company's total equity share capital remains unchanged at Rs. 3,09,38,000, comprising 30,93,800 equity shares of Rs. 10 each.
06May 26
Shashank Traders Limited Records Cessation of Two Directors Amid Open Offer Process
Shashank Traders Limited has recorded the cessation of Mr. Keval Mahendra Bhai Shah and Ms. Hansa Mehta as directors, effective 5th May 2026, following the deactivation of their DINs due to non-filing of DIR-3 KYC. The Board resolution formalising the cessation was passed on 5th May 2026. The company noted that the cessation was also necessitated by its ongoing open offer process under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to ensure regulatory compliance. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.
15Apr 26
Shashank Traders Limited Submits SEBI Compliance Certificate for Q4FY26
Shashank Traders Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for Q4FY26 to BSE Limited on April 15, 2026. The certificate from RTA MAS Services Limited confirms all dematerialization processes during January-March 2026 were completed within the mandatory 15-day timeline, demonstrating the company's adherence to regulatory requirements.
15Apr 26
AVB Endeavors Acquires Additional 64,000 Shares in Shashank Traders Limited
AVB Endeavors Pvt. Ltd. acquired 64,000 equity shares (2.07% stake) in Shashank Traders Limited through an off-market transaction on April 13, 2026. This acquisition increased AVB Endeavors' total shareholding from 10.34% to 12.41%. The company has filed mandatory disclosures with BSE Limited and The Calcutta Stock Exchange Limited under SEBI Takeover Regulations.
17Mar 26
Shashank Traders Open Offer Receives Partial Acceptance from Public Shareholders
Shashank Traders Limited's open offer concluded with partial acceptance, as acquirers received 10,45,961 shares against target of 15,46,900 shares at ₹30 per share. The transaction valued at ₹3,13,78,830 increased acquirers' stake to 60.46% from 26.65%, while public shareholding reduced to 39.54%. The offer was managed by Narnolia Financial Services Limited and completed all regulatory requirements.
02Feb 26
Narnolia Financial Services Submits Letter of Offer for Shashank Traders Open Offer Under SEBI SAST Regulations
Narnolia Financial Services Limited has submitted the Letter of Offer for an open offer by three acquirers to acquire 15,46,900 equity shares (50% stake) of Shashank Traders Limited at ₹30.00 per share, totaling ₹4,64,07,000. The offer runs from February 09-24, 2026, with BSE as the designated exchange and full financial arrangements in place through an escrow account.
21Nov 25
AVB Endeavors and Partners Launch Open Offer for Shashank Traders at Rs 30 Per Share
AVB Endeavors Private Limited, Prilika Enterprises Private Limited, and Aditya Vikram Birla have announced an open offer to acquire up to 15,46,900 equity shares (50% voting capital) of Shashank Traders Limited (STL) at Rs 30.00 per share. The total offer value is Rs 4.64 crores. This follows a Share Purchase Agreement for a 26.65% stake from existing promoters. The offer period is set from December 31, 2025 to January 14, 2026. STL's recent financials show declining assets and equity, but improving profitability with reduced net losses.
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