Shashank Traders Ltd Board Approves Capital Increase, Name Change
Shashank Traders Ltd's Board of Directors, in a meeting held on July 06, 2026, approved several significant corporate actions, subject to shareholder and regulatory approvals. These include a substantial increase in authorized share capital from ₹3.5 Crores to ₹50 Crores, a name change from "Shashank Traders Limited" to "Cosmic Energy & Motors Limited", and alterations to the Memorandum and Articles of Association. The board also approved the appointment of M/s. ValuGenius Advisors LLP as a Registered Valuer and M/s. Narnolia Financial Services Limited as a Merchant Banker for upcoming transactions. Additionally, powers to create charges on company properties up to ₹500 Crores and to increase borrowing powers were approved.
Key Highlights
- Authorized share capital to increase from ₹3.5 Cr to ₹50 Cr.
- Company name to change to Cosmic Energy & Motors Limited.
- Board approved appointment of Registered Valuer and Merchant Banker.
- Powers to create charges on assets up to ₹500 Cr approved.
- Alterations to MOA and AOA approved, pending shareholder nod.
Price Impact
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