Shashank Traders Ltd Directors Report

DIRECTORS REPORT

Dear Shareholders,

Your Directors have pleasure in presenting their 41^st Annual Report on the business and operations of the Company together with the Audited Financial Statements for the Financial Year ended March 31, 2026.

1. FINANCIAL HIGHLIGHTS:

The Financial Performance of your Company for the year ended March 31, 2026 is summarized below-:

		(Amount in Rs. Hundred)
Particulars	Standalone
	Year ended 31st March 2026	Year ended 31st March 2025
Total Income	41,969.78	4,844.27
Total Expenditure	61,000.15	18,328.72
Net Profit Before Taxation	(19,030.36)	(13484.45)
Less:- Income Tax for earlier year	3,357.67	-
Profit/(Loss) After Tax	(22,388.03)	(13484.45)
Earnings Per Share (EPS)
Basic (Rs.)	(0.72)	(0.44)
Diluted (Rs.)	(0.72)	(0.44)

2. PERFORMANCE. RESULT OF OPERATIONS AND THE STATE OF COMPANYS AFFAIRS:

The Company understands the importance of adapting to changing market conditions and evolving customer needs and believe that continuous improvement is key to staying ahead of the competition. Our focus is on streamlining processes, improving efficiency, and leveraging technology to drive growth and improve client satisfaction.

Our aim is to create a more agile and innovative organization that is better equipped to respond to market changes and capitalize on new opportunities. The management is confident that the transformation will position the company for long-term success and growth.

3. AMOUNT TRANSFERED TO RESERVES:

The Company has not transferred any amount to any specific reserve fund during the Financial Year under review.

4. ANNUAL RETURN:

In terms of Section 92(3) of the Companies Act, 2013, and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of the Company is available on the website of the Company- https://www.shashankinfo. in/investor_relation.php.

5. DIVIDEND:

In view of the planned business growth, your directors deem it proper to conserve the resources of the Company for its activities/ expansion and therefore, do not propose any dividend for the Financial Year ended 31.03.2026 and carried forward the net profit balance to the next year.

6. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF FINANCIAL YEAR:

An Open Offer has been made pursuant to Regulations 3(1) and 4 read with Regulations 13(1), 14(1) and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended ("SEBI SAST Regulations"), by M/s. AVB Endeavors Private Limited, M/s. Prilika Enterprises Private Limited and Mr. Aditya Vikram Birla (collectively, the "Acquirers") for the purpose of acquisition of equity shares and control of M/s. Shashank Traders Limited.

A Share Purchase Agreement ("SPA") was executed on November 7, 2025 between the Acquirers and Mr. Praveen Jaswant Rai Jain (Seller), pursuant to which the Acquirers have agreed to acquire 8,24,600 (Eight Lakh Twenty-Four Thousand Six Hundred) fully paid-up equity shares of face value of Rs.10/- each, representing 26.65% of the paid-up equity and voting share capital of the Company, at a price of Rs.30.00 per equity share.

Pursuant to the execution of the SPA, the Acquirers have triggered a mandatory Open Offer under Regulations 3(1) and 4 of the SEBI SAST Regulations to acquire up to 15,46,900 (Fifteen Lakh Forty-Six Thousand Nine Hundred) fully paid- up equity shares of face value of Rs.10/- each, representing 50.00% of the total paid-up equity and voting share capital of the Company, from the eligible public shareholders at an offer price of Rs.30.00 (Rupees Thirty only) per equity share, payable in cash, in accordance with the provisions of the SEBI SAST Regulations.

7. CHANGES IN SHARE CAPITAL:

There has not been a change in Capital Structure during the year under review. A break up of the same is given as under:

Type of Shares	Authorized Share Capital (INR)		Paid up Capital (INR)
	As at 31.03.2026	As at 31.03.2025	As at 31.03.2026	As at 31.03.2026
Equity Shares	3,50,00,000	3,50,00,000	3,09,38,000	3,09,38,000
Total	3,50,00,000	3,50,00,000	3,09,38,000	3,09,38,000

8. DEPOSITS:

During the year, Company has not accepted or renewed any public deposits from the public in terms of the directives issued by the Reserve Bank of India and the provisions of Section 73 to 76 or any other relevant provisions of the Companies Act, 2013, and the rules made thereunder hence information regarding outstanding deposits is not required.

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:

During the financial year under review, the Company has not given any Loans/Guarantees/Securities and it has not made any investment under Section 186 of the Companies Act, 2013.

10. DEMATERIALISATION OF SHARES:

As on 31st March 2026, all shares (Equity) of the Company are held in dematerialized form, except for 7,50,200 equity shares held in physical form.

The breakup of equity and preference shares held in dematerialized and physical form as on 31st March 2026 is as follows:

MODE	NO. OF SHARES	% TO CAPITAL
Share in Demat Mode with CDSL	12,97,481	41.94
Share in Demat Mode with NSDL	10,46,119	33.81
Equity Shares in Physical Mode	7,50,200	24.25
TOTAL	30,93,800	100.00

The Company ISIN No. is INE508R01018, and Registrar and Share Transfer Agent is M/s. MAS Services Limited, New Delhi.

11. DETAILS OF SUBSIDIARIES/JOINT VENTURES/ASSOCIATE COMPANIES:

As on March 31, 2026, the Company does not have any subsidiary or joint venture or any associates Company.

12. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

All the related party transactions that were entered in to during the financial year were on arms length basis and were in ordinary course of business. The Company presents all related party transactions before the Audit Committee and Board specifying the nature, value, and terms and conditions of the transaction. The transactions with related parties are conducted in a transparent manner with the interest of the Company and Stakeholders as utmost priority.

During the year under review, the Company has not entered in to any contract or agreement with related parties which qualify as material.

The Detail of the related party entered between the Company and the related party are given in the Form AOC-2 as per "Annexure -I", which is the part of this report, as required under Section 134(3) (h) of the Companies Act, 2013. The

Board has approved a policy for related party transactions which has been uploaded on the Companys website at www. shashankinfo.in.

Your Directors draw attention of the members to notes to the financial statement which sets out related party disclosures as per Accounting Standard - 18.

13. DETAILS OF CHANGES IN DIRECTORS OR KEY MANAGERIAL PERSONNEL:

The Board is properly constituted as per the provisions of the Companies Act, 2013.

As of March 31, 2026, the Board of Directors of the Company comprised four Directors: 1 (One) Managing Director, 1 (One) Non-Executive Director, 2 (Two) Non- Executive Independent Directors, including 1 (One) Women Independent Director.

As required under the provisions of the Act, Mrs. Suranjana Birla (DIN: 08646335) retires by rotation at the ensuing Annual General Meeting, and being eligible, offers herself for re-appointment. The Board recommends her re-appointment at the ensuing Annual General Meeting. A brief profile of Mrs. Suranjana Birla is annexed to the notice convening Annual General Meeting.

During the FY 2025-2026 under review, there was no change in Key Managerial Personnel(s) of the Company.

14. COMPOSITION OF THE BOARD:

The Company is in compliance with the provisions of Section 149 and 152 of the Companies Act, 2013 ("the Act") and Regulation 17 of the SEBI Listing Regulations (as amended from time to time). As on 31st March, 2026, the Company has 5 (Five) Directors in its Board and the composition of the Board is as follows: -

SL. NO. NAME	DESIGNATION	DATE OF APPOINTMENT	DATE OF CESSATION
1. Mr. Praveen Jaswant Rai Jain	Managing Director	30/12/2024	30/05/2026
2. Ms. Hansa Mehta Mahendra Singh	Independent Director	01/08/2018	05/05/2026
3. Mr. Amit Jalan	Independent Director	08/03/2022	08/05/2026
4. Mr. Keval Devendrabhai Shah	Non-Executive Director	14/02/2024	05/05/2026
5. Mr. Amit Choudhary	Independent Director	04/09/2023	08/05/2026
6. Mr. Nipun Praveen Jain	Chief Financial Officer	07/07/2018	30/05/2026
7. Mrs. Renu Lahoti	Company Secretary	10/02/2025	30/05/2026
8. Mr. Aditya Vikram Birla	Non-Executive Director & Chairman	08/05/2026	-
9. Mr. Anil Kumar Singh	Whole Time Director	08/05/2026	-
10. Mrs. Suranjana Birla	Non-Executive Director	08/05/2026	-
11. Mr. Amit Singhania	Independent Director	08/05/2026	-
12. Mr. Pramod Kumar Shah	Independent Director	30/05/2026	-
13. Mr. Omprakash Lohia	Chief Financial Officer	01/06/2026	-
14. Ms. Biswashree Pati	Company Secretary & Compliance Officer	01/06/2026	-
15. Mr. Pranay Ganeriwala	Chief Experience Officer (SMP)	01/06/2026	-

15. COMMITTEES OF THE BOARD:

During FY 2025-2026, the Board has Three committees i.e. Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee. All committees are constituted with the proper composition of Independent Directors and Non-Executive Directors as specified in relevant provisions of Companies Act, 2013.

The following Committees details are hereunder:

A. AUDIT COMMITTEE

As per provision of Section 177 and other applicable provisions of Companies Act, 2013, read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Board has constituted Audit Committee.

During the FY 2025-2026, Ms. Hansa Mehta Mahendra Singh, Mr. Praveen JaswantRai Jain, Mr. Amit Jalan and Mr. Nipun Praveen Jain(CFO) were committee member of the Audit Committee.

The Composition and attendance details of the Members of the Audit Committee is given below:

Sl No Name of the Members	Category	Number of Meetings Attended
1. Ms Hansa Mehta Mahendra Singh	Chairman and Non-Executive Independent Director	4
2. Mr. Amit Jalan	Non-executive Independent Director	4
3. Mr. Praveen Jaswant Rai Jain	Executive Director	4
4. Mr. Nipun Praveen Jain	(CFO)	4

Due Change of Management (Open Offer), the Audit Committee reconstituted with Mr. Amit Singhania, (Chairman), Mr. Aditya Vikram Birla and Mr. Pramod Kumar Shah, Member as on date.

B. NOMINATION AND REMUNERATION COMMITTEE

As per the provision of Section 178, Schedule V and other applicable provisions of Companies Act, 2013, read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Board has constituted Nomination and Remuneration Committee.

During the FY 2025-2026, Ms Hansa Mehta Mahendra Singh, Mr. Praveen JaswantRai Jain Mr. Amit Jalan and Mr. Nipun Praveen Jain(CFO) were committee member of the Nomination and Remuneration Committee.

The Composition and attendance details of the Members of the Nomination and Remuneration Committee is given below:

Sl No Name of the Members	Category	Number of Meetings Attended
1. Mr. Praveen Jaswant Rai Jain	Chairman and Executive Director	1
2. Mr. Amit Jalan	Non-Executive Independent Director	1
3. Ms Hansa Mehta Mahendra Singh	Non-Executive Independent Director	1
4. Mr. Nipun Praveen Jain	(CFO)	1

Due Change of Management (Open Offer), the Nomination and Remuneration Committee reconstituted with Mr. Amit Singhania, (Chairman), Mr. Aditya Vikram Birla and Mr. Pramod Kumar Shah, Member as on date.

C. STAKEHOLDERS RELATIONSHIP COMMITTEE

As per provision of Section 178 sub-section (5) and other applicable provisions of Companies Act, 2013, read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Board has constituted Stakeholders Relationship Committee.

During the FY 2025-2026, Ms Hansa Mehta Mahendra Singh, Mr. Praveen JaswantRai Jain Mr. Amit Jalan and Mr. Nipun Praveen Jain(CFO) were committee member of the Stakeholders Relationship Committee. The Composition and attendance details of the Members of the Stakeholders Relationship Committee is given below:

Sl No Name of the Members	Category	Number of Meetings Attended
1. Mr. Praveen Jaswant Rai Jain	Chairman and Executive Director	1
2. Mr. Amit Jalan	Non-Executive Independent Director	1
3. Ms Hansa Mehta Mahendra Singh	Non-Executive Independent Director	1
4. Mr. Nipun Praveen Jain	(CFO)	1

Due Change of Management (Open Offer), the Stakeholders Relationship Committee reconstituted with Mr. Aditya Vikram Birla, (Chairman), Mr. Amit Singhania and Mr. Pramod Kumar Shah, Member as on date.

16. MEETINGS

A. MEETINGS OF THE BOARD:

During the year under review, 6 (Six) Board Meetings were held and details are given as under:

Name of Directors	Number of Meetings Attended
Mr. Praveen Jain	6
Mrs. Hansa Mehta Mahendra Singh	6
Mr. Amit Jalan	6
Mr. Amit Choudhary	6

The maximum time gap between any two board meetings was less than 120 days as stipulated under the Companies Act, 2013.

B. MEETINGS OF THE SHAREHOLDERS:

NUMBER OF MEETINGS OF THE SHAREHOLDERS

Annual General Meeting (AGM)

30.09.2025

17. SEPARATE MEETING OF INDEPENDENT DIRECTORS:

As stipulated by the Code of Independent Directors under the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, a Separate Meeting of the Independent Directors of the Company was held on February 4, 2026, to review the performance of Non-Independent Directors (including the Chairman) and the Board as whole.

The Independent Directors also reviewed the quality, content and timeliness of the flow of information between the Management and the Board and its Committees which is necessary to effectively and reasonably perform and discharge their duties. Independent Directors have confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact their ability to discharge their duties.

Based on the declarations received from the Independent Directors, the Board is of the opinion that the Independent Directors fulfil the conditions specified under the Act and the Regulations and are independent of the management.

18. DECLARATION FROM INDEPENDENT DIRECTORS:

All independent directors have, at the first meeting of the Board, furnished declarations in accordance with the provisions of Section 149(7) of the Companies Act, 2013, regarding meeting the criteria of independence laid down under Section 149(6) of the Companies Act, 2013, and Regulation 16(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended, the names of all the Independent Directors of the Company have been included in the data bank maintained by the Indian Institute of Corporate Affairs.

Mr. Amit Jalan (DIN: 09516312), Mr. Amit Choudhary (DIN: 09847266) and Ms. Hansa Mehta (DIN: 08185631) appointed as Non-Executive and Independent Directors, have given the necessary declaration under Section 149, Section 164 and Section 184 of the Companies Act, 2013 and Regulation 16(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These declarations have been placed before the Board and were duly taken on record.

A certificate of Non-Disqualification of Directors furnished by M/s. Rajesh Kumar Shaw & Co., Company Secretaries as required under Regulation 34(3) read with Schedule V Para C sub-clause 10(i) of Listing Regulations is attached as "Annexure -II"

19. AUDITORS:

A. STATUTORY AUDITORS

M/s. Nemani Garg Agarwal & Co. (FRN: 010192N), Chartered Accountants, the Statutory Auditors of the Company, will hold office till the conclusion of the 44^th AGM of the Company.

The Company has received a consent from the Statutory Auditors in accordance with the provisions of Section 141 of the Act. Further, the notes on Financial Statements referred to in the Auditors Report are self-explanatory and do not call for any further comments.

There is no qualification, reservation, adverse remark or disclaimer by the auditors in their report.

B. SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204 of the Companies Act, 2013, and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/S. RAJESH KUMAR SHAW & CO., Practicing Company Secretaries (Membership No: F12765), to undertake the Secretarial Audit of the Company for the Financial Year 2025-2026. The Secretarial Audit Report for the Financial Year ended March 31, 2026 is annexed herewith marked as "Annexure-III" to this Report.

In accordance with the recent amendments to the Listing Regulations, the Board has recommended to the members for their approval, appointment of M/S. RAJESH KUMAR SHAW & CO, Practising Company Secretary, as the Secretarial Auditor of the Company, for conducting Secretarial Audit of the Company for the Financial Year 20252026.

C. ANNUAL SECRETARIAL COMPLIANCE REPORT

The Company has undertaken an Audit of all the applicable compliances as per the SEBI Regulations and Circulars/ Guidelines issued thereunder.

The Annual Secretarial Compliance Report issued by a Practicing Company Secretary (PCS) has been submitted to the Stock Exchanges within the stipulated time as mentioned in SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/109 dated June 25, 2020 and the same is also available on the website of the Company at www.shashankinfo.in.

D. INTERNAL AUDITOR AND INTERNAL AUDIT REPORT

Pursuant to the provisions of Section 138 of the Companies Act, 2013 read along with Rule 13 of the Companies (Accounts) Rules, 2014 and other applicable provisions, if any, of the Companies Act, 2013. The Board of Directors of your Company appointed M/s. H K B & Co., Chartered Accountants (Firm Registration No. 329794E), as Internal Auditors of the Company for the Financial Year 2025-2026.

The Internal Auditor conducted the internal audit as per internal audit standards and placed before the Board of Directors the Internal audit report from time to time.

E. COST RECORDS AND AUDIT

As per the Cost Audit Orders, Cost Audit is not applicable to the Companys products/business of the Company for FY 2025-26.

20. AUDITORS REPORT:

The observations, if any, made by the Statutory Auditors in their Audit Report together with the notes to accounts, as appended thereto are self-explanatory and hence does not call for any further explanation. The Auditors Report does not contain any qualification, reservation, adverse remark, or disclaimer.

During the Financial Year 2025-26, the Auditors have not reported any matter under Section 143(12) of the Companies Act, 2013, therefore no detail is required to be disclosed under Section 134(3) (CA) of the Companies Act, 2013.

21. REPORTING OF FRAUD BY AUDITORS:

There were no instances of fraud during the year under review, which required the statutory auditors to report to the Audit Committee and/or the Board under Section 143(12) of the Companies Act, 2013, and the rules made thereunder.

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:

CONSERVATION OF ENERGY:

The requirements of disclosures with regard to Conservation of Energy in terms of Section 134 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, are not applicable to the Company since it doesnt own any manufacturing facility.

However, the company has undertaken various energy efficient practices which have strengthened the Companys commitment towards becoming an environmentally friendly organization. The Company makes all efforts towards conservation of energy, protection of environment and ensuring safety. As far as possible, companies utilize alternate sources of energy.

TECHNOLOGY ABSORPTION:

The business of the company is not technology driven. No technology has been imported. There is nothing to be disclosed on account of technology absorption.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

Particulars	Rs.
Foreign Exchange Earned in terms of actual inflows	Nil
Foreign Exchange outgo in terms of actual outflows	Nil

23. CORPORATE SOCIAL RESPONSIBILITY:

The provisions of section 135 of Companies Act, 2013 read with Companies (Corporate Social Responsibility) Rules, 2014, regarding Corporate Social Responsibility is not applicable to the company.

24. PARTICULARS OF EMPLOYEES:

As required under the provisions of Companies Act, 2013, and Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, particulars of employees and related disclosures is part of this Annual report as "Annexure -IV".

25. DIRECTORS RESPONSIBILITY STATEMENT:

The Directors, as referred to in clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, the Board of Directors to the best of their knowledge hereby state that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed in the preparation of the Annual Financial Statements for the year ended 31^st March, 2026, along with proper explanation relating to material departures;

(b) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the Financial Year 31^st March, 2026, and of the profit and loss of the Company for that period;

(c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(d) The Annual Accounts for the Financial Year ended 31^st March, 2026, have been prepared on a going concern basis;

(e) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

26. COMPANYS POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS. POSITIVE ATTRIBUTES. INDEPENDENCE OF A DIRECTOR AND OTHER MATTERS PROVIDED UNDER SUB-SECTION (3) OF SECTION 178:

Pursuant to provisions of Section 178 of the Companies Act, 2013, the Nomination and Remuneration Committee carried out evaluation of every directors performance and the Board has carried out formal annual evaluation of its own performance and that of its Committees and individual directors has been made. Further, the evaluation of the independent directors was carried out by the entire Board, excluding the director being evaluated.

The directors were satisfied with the evaluation results, which reflect the overall engagement of the Board and its Committees and on the basis of the report of the said evaluation, the present term of appointment of independent directors shall be continued with the Company.

27. CORPORATE GOVERNANCE:

Your Company complies with the various provisions of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015. However, since the paid-up capital of the Company is less than the threshold limits prescribed under Regulation 15 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, the provisions of Regulation 27 of the SEBI Listing Regulations,2015 and other Regulations related to Corporate Governance are not applicable to the Company.

28. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has over the years evolved effective systems and procedures to ensure internal financial controls in all its establishments to ensure orderly and efficient conduct of its business, including adherence to Companys policies, safeguarding of assets, prevention and detection of frauds and errors, accuracy and completeness of the accounting records, and timely preparation of reliable financial information. The Audit Committee evaluates the internal financial control system periodically.

29. LISTING OF EQUITY SHARE OF THE COMPANY: -

The Companys shares are listed on the Bombay Stock Exchange (BSE) Limited and The Calcutta Stock Exchange limited. The details of the same are mentioned below as on March 31, 2026:

Name of the Stock Exchange	Number of shares (Equity) listed on the stock exchange
BSE Limited	30,93,800
CSE Limited	Suspended

The Company has regularly paid all the listing fees to the stock exchange and custodial fees to the depositories.

30. MANAGEMNET DISCUSSION AND ANALYSIS REPORT:

As required under the Listing Regulations, Management Discussion and Analysis Report is presented in "Annexure -V" and forms an integral part of the Directors Report.

31. CEO AND CFO CERTIFICATION

In terms of Part B of Schedule II of Listing Regulations, the CEO/ MD and the CFO of the Company certify to the Board regarding review of the financial statements, compliance with the accounting standards, maintenance of internal control systems for financial reporting and accounting policies, etc.

32. VIGIL MECHANISM AND WHISTLE BLOWER POLICY:

Pursuant to Regulation 15 of the SEBI (LODR) Regulations, 2015, which states that Regulation 22 of the SEBI (LODR) Regulations, 2015, is not applicable to the Company. However, pursuant to Section 177(9) of the Companies Act, 2013, read with Rule 7 of Companies (Meetings of Board and its Powers) Rules, 2014, your Company has established a vigil mechanism.

Further, Whistle Blower & Vigil Mechanism Policy as required has been uploaded on the website of the Company at https://www.shashankinfo.in/.

33. COMPLIANCE WITH SECRETARIAL STANDARDS:

During the year under review, the Company has duly complied with the applicable provisions of the Secretarial Standards on meetings of the Board of Directors (SS-1) and General Meetings (SS-2) issued by The Institute of Company Secretaries of India (ICSI).

34. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATION IN THE FUTURE:

During the financial year under review, no significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Companys operations in future.

35. RISK MANAGEMENT POLICY:

With regard to the risk management policy, the risks associated with the Companys business are regularly discussed by the Board of Directors during board meetings. Furthermore, the Company is not required to have a separate risk management policy.

36. BOARD EVALUATION/PERFORMANCE EVALUATION

The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandate that the Board shall monitor and review the framework for Board evaluation. The Companies Act, 2013, provides that a formal annual evaluation shall be undertaken by the Board of its own performance and that of its Committees and individual Directors. Schedule IV to the Companies Act, 2013, states that the performance evaluation of Independent Directors shall be carried out by the entire Board of Directors, excluding the Director being evaluated.

The Board of Directors has carried out an annual evaluation of its own performance, the performance of the Board Committees and individual Directors pursuant to the provisions of the Companies Act, 2013, and the corporate governance requirements prescribed by the Securities and Exchange Board of India ("SEBI") under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Structured questionnaires were used for the overall Board evaluation, covering various aspects of the functioning of the Board.

The performance of the Board was evaluated by the Board on the basis of the Performance Evaluation Policy formulated by the Board, after seeking inputs from all Directors. The evaluation was based on various criteria, including the composition and structure of the Board, effectiveness of Board processes, quality and adequacy of information provided to the Board, and overall functioning of the Board.

The performance of the Committees was evaluated by the Board after seeking inputs from the respective Committee members. The evaluation was based on criteria such as the composition of the Committees, effectiveness of Committee meetings, participation of members, and other relevant criteria set out in the Performance Evaluation Policy formulated by the Nomination and Remuneration Committee and approved by the Board for evaluating the performance of the Board and its Committees. The Performance Evaluation Policy can be accessed at www.shashankinfo.in.

The Board and the Nomination and Remuneration Committee ("NRC") reviewed the performance of individual Directors on the basis of various criteria, including their contribution to Board and Committee meetings, preparedness on the matters to be discussed, meaningful and constructive participation, and quality of inputs provided during meetings. In addition, the performance of the Chairman was evaluated with reference to the key aspects of his role and responsibilities.

At a separate meeting of the Independent Directors held on February 4, 2026, the performance of the Non-Independent Directors, the Board as a whole, and the Chairman was evaluated, taking into account the views of the Executive Directors and Non-Executive Directors. The outcome of the evaluation was subsequently discussed at the Board Meeting held thereafter, where the performance of the Board, its Committees and individual Directors was also reviewed.

Based on the outcome of performance evaluation for the financial year 2025-26, further measures/actions have been suggested to improve and strengthen the effectiveness of the Board and its Committee.

37. PREVENTION. PROHIBITION & REDRESSAL OF COMPLAINTS OF SEXUAL HARASSMENT OFWOMEN ATWORKPLACE:

Your Company is committed to provide a good work environment which ensures that every women employee is treated with dignity, respect and equality. There is zero tolerance towards sexual harassment invites serious disciplinary action.

Pursuant to the "Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013" read with Sexual Harassment of Women at Workplace (Prevention Prohibition and Redressal) Rules, 2013, the Company has constituted Internal Complaints Committees at all its workplaces.

Details of complaints pertaining to sexual harassment that were filed are as follows:

No of complaints pending resolution as at beginning of Financial year 25-26	No of complaints received during Financial year 25-26	No of complaints resolved during Financial year 25-26	No of complaints pending resolution as at end of Financial year 25-26
0	0	0	0

There has been no complaint reported in this regard to any of the Committees during the year under review.

38. PROHIBITION OF INSIDER TRADING:

In terms of the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended (PIT Regulations), the Company has adopted the revised "Code of Conduct to Regulate, Monitor and Report Trading by Insiders" ("the Code"). The Code is applicable to all Directors, Designated persons and connected Persons and their immediate relatives, who have access to unpublished price sensitive information relating to the Company.

39. CODE OF CONDUCT

A Code of Conduct as applicable to the Board of Directors and Senior Management Personnel has been displayed on the Companys website at www.shashankinfo.in. The Code requires Directors and Senior Management Personnel to avoid and disclose any activity or association that creates or appears to create a conflict between the personal interests and the Companys business interests.

40. AUDIT TRAIL APPLICABILITY- RULE 11 OF COMPANIES (AUDIT AND AUDITORS) RULES 2014.

The Company has used accounting software for maintaining its books of account for the Financial Year ended March 31, 2026 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. The audit trail feature has not been tampered with and the audit trail has been preserved by the Company as per the statutory requirements for record retention.

41. DISCLOSURE UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016:

During the year under review no application was made, further no any proceeding is pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) against the company.

42. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

There was no one-time settlement by the Company with the Banks or Financial Institutions during the year under review, thus, the details of difference between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof are not applicable.

43. DISCLOSURE UNDER THE MATERNITY BENEFIT ACT, 1961

Company confirms compliance with the provisions of the Maternity Benefit Act, 1961 and the rules framed thereunder. Eligible women employees are provided maternity benefits in accordance with statutory requirements, including paid maternity leave and related entitlements. The Company also extends benefits to commissioning and adoptive mothers, in line with the Act. These benefits are governed by established leave policies and supported by appropriate systems, and internal processes to ensure effective implementation and statutory compliance. The Nomination and Remuneration Policy of the Company is available on the Companys website.

44. HUMAN RESOURCES:

Our employees are our core resources and the Company has continuously evolved policies to strengthen its employee value proposition. Your Company was able to attract and retain best talent in the market and the same can be felt in the past growth of the Company. The Company is constantly working on providing the best working environment to its Human Resources with a view to inculcate leadership, autonomy and towards this objective; Our Company makes all efforts on training. Our Company shall always place all necessary emphasis on continuous development of its Human Resources. The belief "Great People create Great Organization" has been at the core of the Companys approach to its people.

45. COMPANY/INDUSTRIAL RELATION:

The Company continued to maintain harmonious and cordial relations with its workmen in all its establishments.

46. ACKNOWLEDGEMENTS:

The Directors wish to place on record their sincere appreciation for the continued support, co-operation and assistance received from the Government Departments, Bankers, Customers, Investors, Shareholders, Stakeholders and all other business associates of the Company. The Directors also acknowledge the dedication, commitment and hard work of the employees, which have contributed significantly to the performance and progress of the Company.

The Directors are confident that, with the continued support and co-operation of all stakeholders, the Company will continue to strive for excellence and achieve sustainable growth while creating long-term value for its shareholders. Moving into the next financial year, the Company remains committed to improving its performance and strengthening its position in the industry.

	BY ORDER OF THE BOARD OF DIRECTORS
	FOR SHASHANK TRADERS LIMITED
	PRAVEEN JASWANT RAI JAIN	ANIL KUMAR SINGH
	MANAGING DIRECTOR	ADDITONAL DIRECTOR
	DIN:01776424	DIN:10860941
PLACE: NEW DELHI
DATE: MAY 30, 2026