Shashank Traders Approves Name Change to Cosmic Energy & Motors

Shashank Traders Ltd announced significant corporate changes following a Board of Directors meeting on July 06, 2026. Key approvals include a substantial increase in authorized share capital from ₹3.5 Crores to ₹50 Crores, a name change to Cosmic Energy & Motors Limited, and alterations to the Memorandum and Articles of Association. The company also approved the appointment of a registered valuer for share valuation and a merchant banker for advisory services related to proposed transactions. Additionally, the board received authorization to create charges on company properties up to ₹500 Crores and to increase borrowing powers, subject to shareholder approval.