Key facts
- · What it is: Progress update · C-U
- · Intermediary: StartEngine Primary, LLC · Target: $10K · Maximum: $1.24M · Deadline: 2026-04-30 · Security: Simple Agreement for Future Equity · C/A
- · Intermediary: StartEngine Primary, LLC · Target: $10K · Maximum: $1.24M · Deadline: 2026-05-04 · Security: Simple Agreement for Future Equity · C
Shankar Distillers Inc, based in Troy, MI, filed 2 Regulation Crowdfunding offering filings with the SEC, the latest on 2026-02-04, raising through StartEngine Primary, LLC. It set a target of $10K and will accept up to $1.24M. The security offered is simple agreement for future equity. As of its filings the offering is past its deadline of 2026-04-30. 3 filings in this family are on record for the company.
Offering filings
| Filed | Intermediary | Target | Maximum | Deadline | Security | Filing |
|---|---|---|---|---|---|---|
| 2026-02-04 | StartEngine Primary, LLC | $10K | $1.24M | 2026-04-30 | Simple Agreement for Future Equity | C/A |
| 2026-02-02 | StartEngine Primary, LLC | $10K | $1.24M | 2026-05-04 | Simple Agreement for Future Equity | C |
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What the Full Report on Shankar Distillers Inc covers
The Short Answer
Which Company This Is
What They Do, And How The Money Works
Who Runs It, And How To Reach Them
The Money: Funding, Valuation, Runway
Who Pays Them, And Who They Are Up Against
Warning Bells
Sources
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Financials the company filed
Figures from the C-U filed 2026-05-04, as the company reported them.
| As filed | Most recent fiscal year | Prior fiscal year |
|---|---|---|
| Revenue | $751K | $516K |
| Net income | -$2.68M | -$1.49M |
| Total assets | $8.53M | $7.85M |
| Cash and equivalents | $292K | |
| Short-term debt | $1.49M | |
| Long-term debt | $11.25M |
Employees at filing: 30.
Progress updates
2026-05-04, C-U:
At the close of the offering, the issuer closed on $94,857.48 and 0 number of securities.
People who signed the filing
- Varchasvi Shankar, CEO and Director
- Rajanna Gowda, Principal Accounting Officer
- Nandini Gowda Varchasvi, Executive VP and Board Member
Every filing
| Filed | What it is | Filing |
|---|---|---|
| 2026-05-04 | Progress update | C-U |
| 2026-02-04 | Offering amended | C/A |
| 2026-02-02 | Offering | C |
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Where this comes from
A company raising money from the public under Regulation Crowdfunding has to file with the SEC before the offering opens, and has to raise through a single registered intermediary: a funding portal or a broker-dealer. The first filing, Form C, states how much the company is trying to raise, the most it will accept, the deadline, the security and its price, the intermediary and what the intermediary is paid, and two years of the company's own financial figures.
After that the company files amendments when terms change, progress updates as the raise moves, and an annual report each year until it stops reporting. Every row here is one of those filings, linked to the filing itself, so each figure can be checked at the source. Figures are exactly as the company filed them; where a filing leaves a field blank, so does this page. Nothing here is investment advice, and a filing is the company's own statement, not a verification of it.