Shashank Traders Board Approves Capital Hike, Name Change to Cosmic Energy

Shashank Traders Ltd's Board of Directors met on July 6, 2026, approving several significant corporate actions, subject to shareholder and regulatory approvals. Key decisions include increasing the authorized share capital from ₹3.50 Crores to ₹50 Crores, and changing the company's name to "Cosmic Energy & Motors Limited". The board also approved alterations to the Memorandum and Articles of Association, including the object clause. Furthermore, M/s. ValuGenius Advisors LLP was appointed as a Registered Valuer for share valuation related to proposed acquisitions and preferential issues, and M/s. Narnolia Financial Services Limited was appointed as a Merchant Banker. The board also resolved to empower itself to create charges on company properties up to ₹500 Crores and increase borrowing powers.