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Shashank Traders Ltd reported zero revenue from operations for Q3 FY26 (Oct-Dec 2025), against Rs 4.84 lakhs in Q3 FY25, marking a complete cessation of business activity. The company posted a loss before tax of Rs 2.02 lakhs for the quarter and Rs 6.32 lakhs for the nine-month period, widening from Rs 0.01 lakh and Rs 3.10 lakhs respectively in the prior-year periods. Total expenses stood at Rs 2.02 lakhs for the quarter, consisting mainly of employee benefits and other expenses, with no purchase of stock-in-trade. Reserves have eroded deeply into negative territory at Rs (89.35) lakhs against a paid-up equity capital of Rs 309.38 lakhs, indicating accumulated losses. The statutory auditors (Nemani Garg Agarwal & Co.) issued an unqualified limited review report with an Emphasis of Matter flagging that investments in unlisted equity shares were not fair-valued as required by Ind AS 109, and that debit/credit balances and dormant bank accounts remain unconfirmed.