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

Shashank Traders' board has approved a major strategic shift, proposing to change its name to Cosmic Energy & Motors Limited. This aligns with a new business focus on electric vehicles (EVs), batteries, and related infrastructure. The company plans to increase authorized share capital from 3.50 Cr to 50.00 Cr and enhance borrowing and investment limits to 500 Cr each. These moves provide substantial financial flexibility for growth and potential acquisitions in the EV sector. The board also appointed M/s. G K Tulsyan & Co. as new auditors. Shareholders will vote on these key proposals at an upcoming Extra-Ordinary General Meeting.