Shashank Traders Ltd approves Q1 results and announces preferential issue of 75,000 equity shares
Shashank Traders Limited announced key outcomes from its Board of Directors meeting held on July 30, 2026. The company considered and approved its unaudited financial results for the quarter ended June 30, 2026. Concurrently, the board greenlit a preferential allotment of equity shares to persons/entities belonging to the Public Category.The Board of Directors reviewed the Unaudited Financial Results in conjunction with an Unmodified Limited Review Report issued by the Statutory Auditors, M/s G K Tulsyan & Co., Chartered Accountants (Firm Registration No. 323246E). The results were also reviewed by the Audit Committee.
The management noted that following a recent change in management, which acquired 62.72% of the company's shares, there has been no business revenue for a long time as the new management explores new businesses.
Financial Performance Summary (Quarter Ended June 30, 2026)
The unaudited financial results reflect operating income and expenses during the quarter. The detailed summary is presented below:| Particulars | Q ended June 30, 2026 (Unaudited) | Q ended March 31, 2026 (Audited) | Q ended June 30, 2025 (Unaudited) | Q ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Income from Operations (a) Revenue from Operations | - | - | - | - |
| Other Income | - | 4197 | - | 4197 |
| Total Income | - | 41.97 | - | 4197 |
| Cost of Materials Consumed | - | - | - | - |
| Purchases of Stock in Trade | - | B | 5 | - |
| Employee Benefits Expenses | 587 | 079 | 0.78 | - |
| Finance Costs | 0.02 | - | - | - |
| Depreciation and Amortisation Expense | B | B | . | , |
| Other Expenses | 1547 | 5389 | 117 | 57.85 |
| Total Expenses | 2136 | 54.68 | 195 | 5100 |
| Profit Before Tax (II-IV) | (21.36) | (12.71) | (1.95) | (19.03) |
| Profit for the Period | (2136) | (16.07) | (1.95) | (22.39) |
| Paid-up Equity Share Capital (Face Value Rs 10/- each) | 309.38 | 309.38 | 30938 | 309.38 |
| Reserves excluding Revaluation Reserve | (136.36) | (115.00) | (91.30) | (115.00) |
| Basic EPS | 069 | (052) | 0.06 | (0.72) |
Preferential Allotment Details
The company has allotted 75,000 equity shares on a preferential basis to the Public Category. The details of this allotment are as follows:| Detail | Description |
|---|---|
| Total Equity Shares Issued | 75,000 |
| Face Value per Share | Rs. 10/- |
| Issue Price per Share | Rs. 34.10/- |
| Premium per Share | Rs. 24.10/- |
| Total Issue Size | Rs. 25,57,500/- |
The allotment details confirm that Eureka Stock & Share Broking Services Ltd, belonging to the Public category, received 75,000 equity shares. The issue price was calculated based on a valuation report dated July 30, 2026, from M/s ValuGenius Advisors LLP.
Annual General Meeting and Appointments
The Board of Directors approved the draft notice convening the Annual General Meeting (AGM) to seek shareholder approval for the aforementioned matters. The AGM has been fixed for Monday, September 7, 2026, at 01:00 P.M., which will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The cut off date for E-Voting is September 1, 2026.The board also ratified several appointments to ensure the fair and transparent conduct of the AGM, including:
- Mr. Sudhansu Sekhar Panigrahi, ACS, Practicing Company Secretary, was approved as the Scrutinizer for the remote e-voting process.
- M/s MAS Services Limited, an R&T Agent of the company, was appointed to handle activities related to e-voting and allied services.
- National Securities Depository Limited (NSDL) was approved as the authorized agency for providing electronic voting facilities.
The unaudited results are available on the company's website, shashankinfo.in.
Stock Price Movement
Shashank Traders Ltd shares settled at ₹34.05 on Thursday, managing a healthy gain of 5.00% in after-hours trading.The stock demonstrated extremely tight movement throughout the session, as its intraday high and low were both locked at ₹34.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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