Shashank Traders Ltd — Important, 01-01-1970: Company Update

AVB Endeavors, Prilika Enterprises, and Mr. Aditya Vikram Birla have launched an Open Offer to acquire 50% of Shashank Traders Limited's voting shares at ₹30 per share, totaling ₹4.64 Crore. This follows an agreement to buy 26.65% from the current promoter for ₹2.47 Crore, triggering a mandatory change in company control. The acquirers plan to explore business expansion and diversification. Shashank Traders reported a loss of ₹0.04 Crore for the recent half-year, with a book value of ₹6.97 per share, making the offer price a significant premium. The offer's tendering period closes on February 23, 2026. The independent directors' committee is expected to provide its views on the offer.