AVB Endeavors Acquires Additional 64,000 Shares in Shashank Traders Limited

AVB Endeavors Pvt. Ltd. has announced the acquisition of 64,000 equity shares in Shashank Traders Limited through an off-market transaction completed on April 13, 2026. The acquisition has been disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The transaction represents a strategic increase in AVB Endeavors' stake in Shashank Traders Limited. The acquired shares constitute 2.07% of the total share capital of the target company.

Parameter Details Shares Acquired 64,000 equity shares Acquisition Percentage 2.07% Transaction Mode Off-market Transaction Date April 13, 2026 Disclosure Date April 14, 2026

Shareholding Pattern Changes

The acquisition has resulted in a significant change in AVB Endeavors' shareholding pattern in Shashank Traders Limited. The company's total stake has increased from 10.34% to 12.41%.

Holding Period Number of Shares Percentage Holding Before Acquisition 3,20,000 shares 10.34% Current Acquisition 64,000 shares 2.07% After Acquisition 3,84,000 shares 12.41%

Company Information

Shashank Traders Limited (CIN: L52110DL1985PLC021076) maintains its equity share capital at Rs. 3,09,38,000, comprising 30,93,800 equity shares of Rs. 10 each. The company's shares are listed on BSE Limited (Scrip Code: 540221) and The Calcutta Stock Exchange Limited (Scrip Code: 30005).

AVB Endeavors Pvt. Ltd., incorporated in 2023 with CIN U46599WB2023PTC265556, is based in Kolkata and operates from Cosmic Tower on Monohar Pukur Road. The company has confirmed that it does not belong to the promoter or promoter group of Shashank Traders Limited.

Regulatory Compliance

The acquisition disclosure has been filed with the listing departments of both stock exchanges where Shashank Traders' shares are traded. The company has also informed Shashank Traders Limited's compliance officer about the transaction, ensuring full regulatory compliance under SEBI takeover regulations.

Shashank Traders Limited has concluded its open offer under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, with the acquirers receiving partial acceptance from public shareholders. The post-offer advertisement was submitted by Narnolia Financial Services Limited on March 17, 2026.

Open Offer Performance

The open offer, conducted by three acquirers - AVB Endeavors Private Limited, Prilika Enterprises Private Limited, and Mr. Aditya Vikram Birla - achieved partial success in terms of share acceptance.

Parameter: Target Actual Result Shares Tendered: 15,46,900 10,45,961 Shares Accepted: 15,46,900 10,45,961 Offer Size: ₹4,64,07,000 ₹3,13,78,830 Offer Price: ₹30.00 per share ₹30.00 per share

Shareholding Changes

The open offer has resulted in significant changes to the company's shareholding pattern. The acquirers' combined stake increased substantially following the completion of both the share purchase agreement and the open offer.

Shareholding Details: Pre-Offer Post-Offer Acquirers' Holdings: 8,24,600 shares (26.65%) 18,70,561 shares (60.46%) Public Shareholders: 22,69,200 shares (73.35%) 12,23,239 shares (39.54%)

Transaction Timeline

The open offer followed a structured timeline as mandated by SEBI regulations. The offer period commenced on Monday, February 09, 2026, and concluded on Monday, February 23, 2026. Payment of consideration to accepting shareholders was completed on Tuesday, March 10, 2026.

Regulatory Compliance

Narnolia Financial Services Limited, registered with SEBI under registration number INM000010791, acted as the Manager to the Offer. MAS Services Limited served as the Registrar to the Offer. The post-offer advertisement was published in compliance with Regulation 18(12) of the SEBI (SAST) Regulations.

Company Information

Shashank Traders Limited, incorporated under Corporate Identification Number L52110DL1985PLC021076, has its registered office at 702-A, Arunachal Building, 19, Barakhamba Road, Connaught Place, New Delhi - 110001. The company's equity shares have a face value of ₹10 each.

The acquirers have accepted full responsibility for the information contained in the post-offer advertisement and confirmed their compliance with all obligations under the SEBI (SAST) Regulations, 2011. All equity shares tendered in the open offer were successfully acquired by the acquirers.

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