Shashank Traders Ltd — Important, 08-05-2026: Company Update

Shashank Traders Limited's Board announced a major shift in control. AVB Endevours, Prilika Enterprises, and Mr. Aditya Vikram Birla completed the acquisition of 8,24,600 equity shares, representing 26.65% of the paid-up capital, at INR 30 per share (face value INR 10). This makes them the new promoters. Following this, two directors resigned, and four new directors were appointed, with Mr. Aditya Vikram Birla taking the role of Chairman. The former promoters have been reclassified as public shareholders. The company will also establish a corporate office in Kolkata and update bank account signatories.