Q1 FY27 loss widens to Rs 21.36L; zero revenue; new management explores businesses
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Shashank Traders reported a Q1 FY27 (quarter ended June 30, 2026) net loss of Rs 21.36 lakhs versus Rs 1.95 lakh loss in Q1 FY26 and Rs 16.07 lakh loss in Q4 FY26. Total income was nil as there was no business revenue. Total expenses were Rs 21.36 lakhs. Basic EPS stood at Rs (0.69). Reserves were negative at Rs (136.36) lakhs. New management took over with 62.72 percent stake and is exploring new businesses. Board also approved preferential issue of 75,000 equity shares at Rs 34.10 each to Eureka Stock and Share Broking. Auditor issued unmodified limited review with emphasis of matter notes.
Continued losses with zero revenue and negative reserves; new management attempting business revival via preferential allotment and strategic changes.