Shashank Traders Ltd

Shashank Traders Promoter Selling (Off-Market): ₹2.47 Cr

Promoter Mr. Praveen Jaswant Rai Jain sold 8,24,600 shares of Shashank Traders Ltd off-market for ₹2.47 Crore. This exit reduces the promoter holding by 26.65%.

Value

₹2.47 Cr

Shashank Traders Acquisition

Prilika Enterprises Pvt. Ltd. acquired an 8.88% stake in Shashank Traders Limited via an off-market transaction. This increases their total holding to 19.55%.

Shashank Traders Board Meeting Outcome

Shashank Traders completed a ₹2.47 Crore promoter stake sale and management change. The board approved new director appointments following the acquisition of control by incoming promoters.

Value

₹2.47 Cr

Shashank Traders Acquisition

AVB Endeavors Pvt Ltd acquired 2,74,867 shares in Shashank Traders Limited. This off-market purchase increased their total stake from 12.61% to 21.49%.

Shashank Traders Management Change

Shashank Traders Limited announced the cessation of Directors Mr. Keval Mahendra Bhai Shah and Ms. Hansa Mehta effective May 5, 2026. The cessations followed the deactivation of their Director Identification Numbers (DINs) due to non-filing of DIR-3 KYC, ensuring regulatory compliance during the company's ongoing open offer process.

Shashank Traders Debt & Borrowing

Shashank Traders Ltd confirmed it does not meet the SEBI criteria for classification as a Large Corporate for the financial year ended March 31, 2026. The company reported zero outstanding borrowings as of the period end, exempting it from mandatory incremental debt sourcing through the bond market.

Shashank Traders Acquisition

AVB Endeavors Private Limited acquired 64,000 equity shares (2.07% stake) of Shashank Traders Limited via an off-market transaction. This acquisition increases their total holding from 10.34% to 12.41%.