Resignation of Ms. Renu Lahoti as Company Secretary and Compliance Officer of the Company at its Board Meeting held on May 30, 2026.

Shashank Traders Limited announced sweeping board and KMP changes at its May 30, 2026 board meeting driven by a 'change in management and control.' Managing Director Mr. Praveen Jaswant Rai Jain, CFO Mr. Nipun Praveen Jain, and Company Secretary Ms. Renu Lahoti all resigned citing personal reasons. New appointees include Mr. Pramod Kumar Shah as Independent Director (5-year term), Mr. Om Prakash Lohia as CFO, Ms. Biswashree Pati as Company Secretary, and Mr. Pranay Ganeriwala as Chief Experience Officer, all effective June 1, 2026. The board also approved a proposal to change the company's name, set up a new corporate office in Kolkata, and appointed new Secretarial and Internal Auditors. Audited FY26 results showed a widened net loss of Rs. 22.39 lakhs (vs Rs. 3.49 lakhs loss in FY25) with zero revenue from operations, though auditors issued an unmodified opinion. The auditor flagged serious concerns: no business revenue for a long time, all business routed through the MD's personal loan account, and both bank accounts inoperative.