Meeting Details

  • Date: Thursday, July 30, 2026
  • Time: 3:00 P.M. (IST)
  • Mode: Video Conference/Other Audio Visual Means (VC/OAVM)
  • Cut-off Date: July 23, 2026 for determining voting rights
  • E-voting Period: July 27, 2026 (9:00 AM) to July 29, 2026 (5:00 PM) via NSDL platform

Agenda Items and Resolutions

1. Regularization of Mr. Aditya Vikram Birla as Non-Executive Non-Independent Director

  • DIN: 06613927
  • Appointment Date: May 8, 2026 as Additional Director
  • Current Status: Holds office until this EGM
  • Shareholding: 670,860 equity shares
  • Resolution Type: Ordinary Resolution

2. Regularization of Mrs. Suranjana Birla as Non-Executive Non-Independent Women Director

  • DIN: 08646335
  • Appointment Date: May 8, 2026 as Additional Director
  • Qualifications: Postgraduate Degree in English with B.Ed.
  • Shareholding: None
  • Resolution Type: Ordinary Resolution

3. Increase in Authorized Share Capital

  • Current Capital: ₹3,50,00,000 divided into 35,00,000 equity shares of ₹10 each
  • Proposed Capital: ₹50,00,00,000 divided into 5,00,00,000 equity shares of ₹10 each
  • Increase: Additional 4,65,00,000 equity shares of ₹10 each
  • Consequential Amendment: Clause V of Memorandum of Association to be altered
  • Resolution Type: Ordinary Resolution

4. Change of Company Name

  • From: Shashank Traders Limited
  • To: Cosmic Energy & Motors Limited
  • Rationale: Better reflection of main business activities in renewable energy industry
  • Regulatory Compliance: Certificate from practicing Chartered Accountant confirms compliance with Regulation 45(1) of SEBI LODR
  • Resolution Type: Special Resolution

5. Adoption of New Memorandum of Association

  • Alignment: With Table-A of Schedule I of Companies Act, 2013
  • Replacement: Complete substitution of existing MOA
  • Resolution Type: Special Resolution

6. Alteration of Main Object Clause

  • New Business Areas: Electric vehicles (all types), lithium-ion batteries, Battery Energy Storage Systems (BESS), EV charging infrastructure, battery swapping stations, automotive components, steel body parts, software solutions for EV sector
  • Detailed Objects: Manufacturing, trading, importing, exporting of EVs and components; establishment of charging infrastructure; software development for energy sector
  • Resolution Type: Special Resolution

7. Adoption of New Articles of Association

  • Alignment: With Table-F of Schedule I of Companies Act, 2013
  • Replacement: Complete substitution of existing AOA
  • Resolution Type: Special Resolution

8. Enhanced Borrowing Powers

  • Limit: Up to ₹500 crores (from any source including banks, financial institutions, related parties)
  • Current Restriction: Limited to aggregate of paid-up capital, free reserves and securities premium
  • Section: 180(1)(c) of Companies Act, 2013
  • Resolution Type: Special Resolution

9. Creation of Charges/Mortgages

  • Limit: Security creation up to ₹500 crores
  • Assets: All movable/immovable properties, present and future, whole/part of undertakings
  • Section: 180(1)(a) of Companies Act, 2013
  • Resolution Type: Special Resolution

10. Investments/Loans/Guarantees beyond Section 186 Limits

  • Limit: Up to ₹500 crores aggregate
  • Activities: Loans, inter-corporate deposits, guarantees, securities acquisition
  • Current Limit: 60% of paid-up capital + free reserves + securities premium or 100% of free reserves + securities premium
  • Resolution Type: Special Resolution

11. Appointment of Mr. Aditya Vikram Birla as Chairman

  • Role: Chairman for all Board meetings and general meetings
  • DIN: 06613927
  • Resolution Type: Special Resolution

12. Appointment of Mr. Anil Kumar Singh as Whole-time Director

  • DIN: 10860941
  • Tenure: July 30, 2026 to July 29, 2031 (5 years)
  • Remuneration: ₹25,000 per month (₹3,00,000 per annum)
  • Qualifications: MBA with over 10 years experience in Purchase and Logistics
  • Previous Roles: Worked with Daimler Mercedes, Shyam Industries, Cosmic Ferro Alloys
  • Resolution Type: Special Resolution

13. Regularization of Mr. Amit Singhania as Independent Director

  • DIN: 07205621
  • Tenure: May 08, 2026 to May 07, 2031 (5 years)
  • Qualifications: Chartered Accountant and Company Secretary with certifications in Forensic Accounting
  • Other Directorships: Multiple companies including Sylvan Plyboard, Raft Motors, Shyam Century Ferrous
  • Resolution Type: Special Resolution

14. Regularization of Mr. Pramod Kumar Shah as Independent Director

  • DIN: 00343256
  • Tenure: May 30, 2026 to May 29, 2031 (5 years)
  • Qualifications: Commerce graduate, Chartered Accountant with certifications in Forensic Accounting
  • Other Directorships: Skipper Limited, Skipper Plastics, Star Cement companies
  • Resolution Type: Special Resolution

Voting and Participation Arrangements

  • E-voting Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: CS Sudhansu Sekhar Panigrahi (ACS No. 23187, CP No. 19649)
  • VC/OAVM Capacity: 1000 members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMPs)
  • Document Availability: Notice available on company website (www.shashankinfo.in), BSE website, and NSDL website

Financial and Operational Impact

  • Capital Structure Change: Significant dilution potential with 465% increase in authorized share capital
  • Business Transformation: Fundamental shift from trading to manufacturing in EV and energy sectors
  • Borrowing Capacity: Enhanced financial flexibility with ₹500 crore borrowing limit
  • Governance: Complete board reconstitution with new chairman and multiple director appointments

Important Dates

  • EGM Notice Date: July 08, 2026
  • E-voting Period: July 27-29, 2026
  • EGM Date: July 30, 2026
  • Record Date: July 23, 2026