Shashank Traders Limited

Classified as a trading and distributor services company, it has reported zero revenue from operations for an extended period, with its FY26 auditor flagging that both bank accounts were inoperative and all transactions historically routed through the former Managing Director's personal loan account. Total assets at FY26 end stood at Rs 4.9998 crore. Following a full management changeover in May-June 2026, the board approved a pivot to electric vehicles—covering EV cars, scooters, buses, lithium-ion batteries, battery swapping stations, and charging infrastructure—with shareholders approving a rename to Cosmic Energy and Motors Limited at an EGM on July 30, 2026. Authorized share capital was raised from Rs 3.5 crore to Rs 50 crore and borrowing powers were increased to Rs 500 crore. Q1 FY27 results showed total income from operations of Rs 41.97 lakhs and a pre-tax profit of Rs 2.86 lakhs, but the after-tax position remained a loss of Rs 21.36 lakhs owing to deferred tax. The proposed EV business has not yet commenced operations according to the filings.