This is to inform you that the Board of Directors of the Company ("Board"), at its meeting today i.e., May 8, 2026, has inter alia approved/ noted the following: 1. Completion of transaction ....

Shashank Traders Limited has completed a major share purchase transaction where M/s. AVB Endeavors Pvt Ltd, M/s. Prilika Enterprises Pvt Ltd, and Mr. Aditya Vikram Birla acquired 8,24,600 equity shares (26.65% of paid-up capital) from the outgoing promoter at INR 30 per share. This acquisition was completed on May 8, 2026 in compliance with SEBI SAST Regulations. Following this transaction, the incoming members have taken control of the company and become its new promoters, while the outgoing promoters have been re-classified as public shareholders. The board has appointed four new directors including Mr. Aditya Vikram Birla as Non-Executive Chairman, Mr. Anil Kumar Singh as Whole Time Director, Mrs. Suranjana Birla, and Mr. Amit Singhania as Independent Director. Two independent directors, Mr. Amit Jalan and Mr. Amit Choudhary, have resigned citing change in control as the reason. The company has also approved establishing a corporate office in Kolkata.