Shashank Traders Announces Financial Results for FY2026, Approves New Leadership Appointments

Shashank Traders Announces Financial Results for FY2026, Approves New Leadership Appointments​

Shashank Traders Ltd announced its standalone audited financial results for the quarter and full financial year ended March 31, 2026. The company also announced significant changes in its management, including multiple executive resignations and the appointment of new key managerial personnel (KMP) and directors.

The Board of Directors of Shashank Traders Ltd met on May 30, 2026, to take record of the audited financial results and approve operational and governance changes.

Financial Performance Summary​

The company released the standalone audited financial results, providing comparative figures for the quarter and year ended March 31, 2026.

The financial data for the Quarter Ended March 31, 2026, and the Year Ended March 31, 2026, are detailed below:


The balance sheet as at March 31, 2026, shows total assets of 499.98 (Rs. In Lakh), compared to 532.22 in the previous year.

The statement of cash flow for the year ended March 31, 2026, reported a net cash inflow from financing activities of 5.13, resulting in a closing cash and cash equivalents balance of 0.27 (Rs. In Lakh), down from 1.00 in the previous year.

Key Leadership Changes​

The Board noted several changes in the company's key personnel effective May 30, 2026.

• Director Resignation: Mr. Praveen Jaswant Rai Jain resigned from the office of Managing Director, effective May 30, 2026.
• Key Managerial Personnel (KMP) Departures: The Board recorded the resignation of two key managerial personnel: Nipun Praveen Jain (Chief Financial Officer) and Renu Lahoti (Company Secretary & Compliance Officer). Both resignations were noted to be effective from the close of business hours on May 30, 2026.

New Appointments and Governance Structure​

Effective May 30, 2026, the company approved several critical appointments:

Directors and CXO:
Mr. Pramod Kumar Shah was appointed as an Additional Director and designated as an Independent Director, subject to shareholder approval. Mr. Pramod Kumar Shah, who has over 45 years of experience, is not related to any existing Directors or Key Managerial Personnel.

Key Managerial Appointments (Effective June 1, 2026):
The Board approved the appointment of three key professionals:
1. Mr. Om Prakash Lohia: Appointed as Chief Financial Officer (CFO). He brings expertise in finance, risk management, and financial planning.
2. Ms. Biswashree Pati: Appointed as Company Secretary and Compliance Officer.
3. Mr. Pranay Ganeriwala: Appointed as Chief Experience Officer (CXO). He is a seasoned professional with over 13 years of experience across the financial services and retail sectors.

Auditing and Advisory Appointments​

The company also formalized its advisory structure for the financial year 2026-2027:

• Secretarial Audit: Mr. Sudhansu Sekhar Panigrahi was appointed as the Secretarial Auditor for the financial year 2026-2027.
• Internal Audit: M/s. Barkha & Associates., Chartered Accountants, were appointed as the Internal Auditor for the financial year 2026-2027.

Corporate Governance and Operations​

Following the changes in the Board, the Board of Directors approved the reconstitution of the company's key committees with immediate effect:

• Audit Committee: Includes Mr. Amit Singhania (Chairman), Mr. Aditya Vikram Birla, and Mr. Pramod Kumar Shah.
• Nomination and Remuneration Committee: Includes Mr. Amit Singhania (Chairman), Mr. Aditya Vikram Birla, and Mr. Pramod Kumar Shah.
• Stakeholders Relationship Committee: Includes Mr. Aditya Vikram Birla (Chairman), Mr. Amit Singhania, and Mr. Pramod Kumar Shah.
• Corporate Social Responsibility Committee: Includes Mr. Aditya Vikram Birla (Chairman), Mr. Anil Kumar Singh, Mr. Amit Singhania, and Mr. Pramod Kumar Shah.

Additionally, the Board considered and approved the proposal for a change in the company's name, subject to necessary approvals. The company also approved setting up its Corporate Office at 'Cosmic Tower', 19, Monohar Pukur Road, Kolkata.

Stock Price Movement​

Shashank Traders Ltd shares closed Thursday at ₹34.05, achieving a 5.00% gain, or ₹1.62 above the previous close. The stock spent the entire session completely flat, as the intraday high and low both recorded the identical price of ₹34.05.