Shashank Traders to rename as Cosmic Energy and Motors; pivots to EV business
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Shashank Traders Ltd board approved renaming the company to Cosmic Energy and Motors Limited and pivoting to electric vehicles business, including EV cars, scooters, buses, lithium-ion batteries, battery swapping stations and charging infrastructure. Authorized share capital will increase from Rs. 3.5 crore to Rs. 50 crore. Borrowing limits raised to Rs. 500 crore. Registered office shifts within New Delhi from July 15, 2026. New auditor G K Tulsyan and Co appointed. Shareholders EOGM on July 30, 2026.
Major business pivot from general trading to electric vehicles with name change and big capital increase. All key items need shareholder approval at the July 30, 2026 EOGM.