Cosmic Energy & Motors, formerly Shashank Traders, has undergone a major corporate restructuring following an open offer acquisition. While the company reported an increased net loss of Rs 22.39 lakh for FY 2025-26, the transition sees new leadership under Mr. Aditya Vikram Birla and a change in statutory auditors. The firm remains in a dormant state with no significant operations, leaving investors waiting for a strategic business pivot.
Cosmic Energy & Motors Reports FY 2025-26 Results and Leadership Overhaul
Total revenue stood at Rs 4.20 lakh; Net loss widened to Rs 22.39 lakh.
Reader Takeaway: New management assumes control via open offer; company remains dormant with no major business operations currently active.
What just happened
Cosmic Energy & Motors Limited, previously known as Shashank Traders Limited, released its 41st Annual Report for FY 2025-26. The filing confirms a change in control, with AVB Endeavors Private Limited, Prilika Enterprises, and Mr. Aditya Vikram Birla acquiring a 26.65% stake at Rs 30 per share. This triggered an open offer for an additional 50% stake. The board has been entirely restructured, with Mr. Aditya Vikram Birla appointed as Chairman.
Why this matters
The company is currently non-operational. Auditors noted that bank accounts have been inactive for an extended period, with financial transactions historically routed through the former Managing Director's loan account. The transition signals a potential shift in business scope, though specific future plans remain undisclosed.
Auditor Update
Statutory auditors M/s. Nemani Garg Agarwal & Co. resigned in June 2026. The board has proposed the appointment of M/s. G K Tulsyan & Co. as the new auditors for a five-year term, pending shareholder approval at the upcoming AGM.
Context metrics
Total revenue for FY 2025-26 was Rs 4.20 lakh, compared to Rs 0.48 lakh in FY 2024-25. Basic EPS stands at (0.72) for the current fiscal compared to (0.44) in the previous year.
What to track next
Investors should watch for communication regarding the new management's strategic roadmap, potential infusion of funds to revive operations, and the formal appointment of the new auditors at the AGM.