Shashank Traders Ltd — Important, 01-06-2026: Company Update

The company's board has approved its financial results for the quarter and financial year, reporting a net loss of 0.19 Cr for the year. Auditors highlighted a persistent lack of business revenue, inoperative bank accounts, and an investment of 2.41 Cr in unlisted shares not fair valued. This meeting saw significant management changes: the Managing Director, CFO, and Company Secretary resigned. A new Independent Director, CFO, Company Secretary, and Chief Experience Officer were appointed, alongside a reconstitution of board committees. The board also approved a proposal for a name change and a new corporate office in Kolkata.