Shashank Traders Ltd Proposes Name Change & Capital Hike

Shashank Traders Ltd announced board approval for significant corporate actions, including a substantial increase in authorized share capital from ₹3.5 Crores to ₹50 Crores. The company also proposed a name change to 'Cosmic Energy & Motors Limited', subject to shareholder and government approvals. Additionally, the board approved alterations to the Memorandum of Association (MOA) and adoption of new Articles of Association (AOA) as per the Companies Act, 2013. The company also appointed a registered valuer and a merchant banker for proposed transactions, including acquisitions and preferential issues. The board was empowered to create charges on company assets up to ₹500 Crores.