Shashank Traders to Rename as Cosmic Energy & Motors, Plans EV Pivot

Board approved name change to Cosmic Energy & Motors Limited and alteration of objects to EV and auto components. Authorized capital increased to Rs 50 Cr. Borrowing, charge creation, and investment limits enhanced to Rs 500 Cr each. Valuer appointed for proposed acquisition of Cosmic EV and Cosmet Fleet and preferential issue.