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

The board approved financial results for the quarter and financial year ended March 31, 2026, showing a yearly revenue of 0.97 Cr and a net loss of (0.82) Cr; auditors noted no business revenue for a prolonged period. The board also confirmed no deviation in IPO fund utilization and approved a company name change proposal and a new corporate office in Kolkata. Significant leadership restructuring occurred, including the resignation of the Managing Director, CFO, and Company Secretary, with new individuals appointed for these roles, an Independent Director, and a Chief Experience Officer.