Shashank Traders FY26 Net Loss ₹22.39 Lakh

Financial Results for Quarter and Year Ended March 31, 2026

Standalone Audited Financial Results (₹ in Lakh):

Income Statement:

Revenue from operations: ₹0 for Q4 FY26 (₹0 Q4 FY25, ₹0 Q3 FY26)
Other income: ₹41.97 for Q4 FY26 (₹0 Q4 FY25, ₹0 Q3 FY26)
Total revenue: ₹41.97 for Q4 FY26 (₹0 Q4 FY25, ₹0 Q3 FY26)
Employee benefit expenses: ₹0.79 for Q4 FY26 (₹0.79 Q4 FY25, ₹0.45 Q3 FY26)
Other expenses: ₹53.89 for Q4 FY26 (₹1.23 Q4 FY25, ₹9.93 Q3 FY26)
Total expenses: ₹54.68 for Q4 FY26 (₹2.02 Q4 FY25, ₹10.38 Q3 FY26)
Loss before tax: ₹(12.71) for Q4 FY26 (₹(2.02) Q4 FY25, ₹(10.39) Q3 FY26)
Tax expense: ₹3.36 for Q4 FY26 (₹0 Q4 FY25, ₹0 Q3 FY26)
Net loss after tax: ₹(16.07) for Q4 FY26 (₹(2.02) Q4 FY25, ₹(10.39) Q3 FY26)

Full Year FY26 Results:

Revenue from operations: ₹0 for FY26 (₹4.84 FY25)
Other income: ₹41.97 for FY26 (₹0 FY25)
Total revenue: ₹41.97 for FY26 (₹4.84 FY25)
Net loss after tax: ₹(22.39) for FY26 (₹(13.49) FY25)
Basic and diluted EPS: ₹(0.72) for FY26 (₹(0.44) FY25)

Balance Sheet (as at March 31, 2026):

Equity share capital: ₹309.38 lakh (unchanged from FY25)
Other equity: ₹(115.00) lakh (₹(89.35) lakh FY25)
Total equity: ₹194.38 lakh (₹220.03 lakh FY25)
Investments: ₹241.40 lakh (unchanged from FY25)
Cash and cash equivalents: ₹0.27 lakh (₹1.00 lakh FY25)
Other financial assets: ₹258.31 lakh (₹260.12 lakh FY25)
Total assets: ₹499.98 lakh (₹532.22 lakh FY25)
Current liabilities: ₹305.59 lakh (₹312.19 lakh FY25)

Auditor's Report:

M/s. Nemani Garg Agarwal & Co (Firm Reg No: 010192N) issued unmodified opinion on audited financial results. Emphasis matters noted:

1. Investment of ₹241.40 lakh in unlisted equity shares recorded at cost without fair value determination as required by IND AS 109

2. Debit and credit balances subject to confirmations from parties

3. Two bank accounts inoperative since long time; all business receipts/payments routed through MD's loan account

4. No business revenue generated since long time

5. No movements in majority of assets and liabilities accounts since long time

Management Changes and Appointments

Resignations (effective close of business hours May 30, 2026):

Mr. Praveen Jaswant Rai Jain (DIN: 01776424) as Managing Director
Mr. Nipun Praveen Jain as Chief Financial Officer
Ms. Renu Lahoti as Company Secretary & Compliance Officer

New Appointments (effective June 1, 2026):

Mr. Pramod Kumar Shah (DIN: 00343256) as Additional Director designated as Independent Director (subject to shareholder approval)
Mr. Om Prakash Lohia as Chief Financial Officer
Ms. Biswashree Pati as Company Secretary & Compliance Officer
Mr. Pranay Ganeriwala as Chief Experience Officer (CXO)

Committee Reconstituition:

Audit Committee: Mr. Amit Singhania (Chairman), Mr. Aditya Vikram Birla, Mr. Pramod Kumar Shah
Nomination and Remuneration Committee: Mr. Amit Singhania (Chairman), Mr. Aditya Vikram Birla, Mr. Pramod Kumar Shah
Stakeholders Relationship Committee: Mr. Aditya Vikram Birla (Chairman), Mr. Amit Singhania, Mr. Pramod Kumar Shah
CSR Committee: Mr. Aditya Vikram Birla (Chairman), Mr. Anil Kumar Singh, Mr. Amit Singhania, Mr. Pramod Kumar Shah

Other Board Approvals

1. Company Name Change: Board approved proposal to change company name, subject to name availability and approval of Registrar of Companies, stock exchanges, and shareholders

2. IPO Proceeds Utilization: No deviation/variation in utilization of IPO and preferential issue proceeds during October 1, 2025 to March 31, 2026

3. Auditor Appointments:

Mr. Sudhansu Sekhar Panigrahi (Membership No: A23187) as Secretarial Auditor for FY26-27
M/s. Barkha & Associates (Firm Registration No. 327573E) as Internal Auditor for FY26-27

4. Corporate Office: Setting up new corporate office at "Cosmic Tower", 19, Monohar Pukur Road, 3rd Floor, Kolkata - 700029, West Bengal

Meeting Details

Board meeting held on Saturday, May 30, 2026 from 3:00 PM to 6:00 PM. All documents available on company website https://www.shashankinfo.in/ and stock exchange websites.