Shashank Traders Ltd - 540221 - Appointment Of Chief Experience Officer (CXO) Of The Company
Shashank Traders reported no business revenue for FY26, along with significant governance issues flagged by auditors, including routing all business receipts and payments through the former MD's personal loan account. The company also saw the resignation of its MD, CFO, and Company Secretary, replaced by new KMPs.
Jun 02 2026 11:51:28
Shashank Traders Ltd - 540221 - Appointment Of Chief Financial Officer (CFO) Of The Company
Shashank Traders' auditor flagged critical issues: no long-term business revenue, transactions through MD's loan account, and Rs.2.41 Cr Ind AS non-compliance in equity valuation. These severe operational and governance concerns led to MD, CFO, CS resignations; new KMP appointments made.
Jun 02 2026 11:43:46
Shashank Traders Ltd - 540221 - Reconstitution Of Committees Of The Company
Shashank Traders' auditors highlighted significant governance concerns in their report, noting company funds were routed through the former Managing Director's personal loan account and the company has not generated business revenue for a long time. These issues indicate severe financial irregularities and operational dormancy.
Jun 02 2026 11:29:56
Shashank Traders Ltd - 540221 - Setting Up Of Corporate Office
Shashank Traders reported a net loss of Rs.22.39 lakh for FY26 with no business revenue. Auditors highlighted inactive bank accounts and business through MD's loan. The board approved a name change, new office, and appointed new CFO, CS, and CXO after resignations.
Jun 02 2026 11:23:14
Shashank Traders Ltd - 540221 - Announcement under Regulation 30 (LODR)-Resignation of Managing Director
Shashank Traders' Managing Director, Praveen Jain, resigned effective May 30, 2026. His resignation comes alongside significant audit observations, including routing business through his loan account.
Jun 01 2026 19:55:49
Shashank Traders Ltd - 540221 - Board Meeting Intimation for Approval Of The Audited Standalone Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2026,Scheduled To Be Held On Saturday, May 30, 2026.
Shashank Traders board is scheduled to meet on May 30, 2026, to consider and approve the audited standalone financial results for Q4 and the full fiscal year ended March 31, 2026.
May 26 2026 19:46:39
Shashank Traders Ltd - 540221 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Shashank Traders' Managing Director and Promoter, Praveen Jain, disposed of his entire 26.65% equity shareholding in the company. He sold 8.24 lakh shares for Rs. 2.47 crore through an off-market transaction on May 7, 2026.
May 15 2026 11:05:30
Shashank Traders Ltd - 540221 - Dear Sir/Ma'Am,
Pursuant To Regulation 29(2) Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations,
2011 And Regulation 7 Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015, Please Find Enclosed
Herewith The Requisite Disclosures In Respect Of Disposal/Sale Of 8,24,600 Equity Shares Of The Company At A
Price Of Rs. 30/- Per Equity Share.
Shashank Traders promoter Praveen Jain disposed of his entire 26.65% stake (8,24,600 shares) for Rs. 2.47 crore via an off-market transaction. This complete exit by a promoter represents a significant change in ownership and management commitment.
May 14 2026 20:11:40
Shashank Traders Ltd - 540221 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Aditya Vikram Birla and Persons Acting in Concert (PAC) acquired an additional 8.88% stake in Shashank Traders Limited. This off-market transaction, completed on May 7, 2026, increased their total shareholding to 21.68%.
May 09 2026 10:57:10
Shashank Traders Ltd - 540221 - Board Meeting Outcome for Outcome Of The Board Meeting Dated 8Th May 2026
Shashank Traders' board approved the completion of a share purchase agreement, transferring 26.65% of equity shares at Rs.30 per share to new entities, leading to a change in control and new promoters. Concurrently, the board appointed four new directors and accepted resignations of two outgoing directors.
May 08 2026 19:19:54
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