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

The board of Shashank Traders Limited approved changing its name to Cosmic Energy & Motors Limited, marking a strategic shift towards electric vehicles, batteries, and energy storage. To support this, they increased the authorized share capital from ₹3.5 Cr to ₹50 Cr and boosted borrowing and investment limits to ₹500 Cr each. A valuer and merchant banker were appointed for proposed acquisitions and capital issuance. The board also approved the appointment of M/s. G K Tulsyan & Co. as new statutory auditors, following the Audit Committee's suggestion. These significant changes await shareholder approval at an Extra-Ordinary General Meeting.