Shashank Traders Ltd — Important, 06-07-2026: Company Update

The company's board has approved a significant strategic shift, including renaming itself Cosmic Energy & Motors Limited. This change reflects its new primary business focus on electric vehicles, batteries, and charging infrastructure. To fuel this expansion, the authorized share capital will increase from Rs. 3.5 Cr to Rs. 50 Cr, and borrowing and investment limits will be enhanced to Rs. 500 Cr each. Valuers and merchant bankers were appointed for planned acquisitions and a preferential share issue. An Extra-Ordinary General Meeting will be convened to obtain shareholder approval for these transformative initiatives.