Shayona Engineering

Shayona Engineering's board approved the appointment of V J Amin and Co as statutory auditors to fill the casual vacancy arising from the resignation of O P Rathi and Co, subject to shareholder approval at an extraordinary general meeting on 5 December 2026. The board noted Rathi's resignation effective 5 November and fixed 27 November as the cut-off date for e-voting eligibility. The appointment followed the resignation of SGPS and Associates in August and Rathi's exit about six weeks after its September appointment without signing a review. Revenue was ₹4,027 lakhs in the year to March, with total borrowings of ₹2,018 lakhs. Trading has been under a closed window since 1 October pending results for the half year ended 30 September.

Powered by Tijori

Shayona Engineering disclosed the Audit Committee's views on the resignation of statutory auditor O. P. Rathi & Co., effective 5 November 2026. The committee said the auditors attributed the decision to professional commitments and constraints on time and resources, and stated there were no concerns over availability of information or management cooperation. It noted the short interval since the firm's appointment and advised management to ensure an orderly transition and meet outstanding audit obligations. O. P. Rathi & Co. had been appointed on 25 September 2026 for a five-year term through FY31 after S G P S & Associates resigned in August 2026. Shayona listed on the BSE SME platform on 30 January 2026 after raising Rs 1,486 lakhs, with promoter holding of about 87%. Revenue was Rs 4,027 lakhs in FY26, with trade receivables of Rs 2,182 lakhs and total borrowings of Rs 2,018 lakhs.

Powered by Tijori

Shayona Engineering said O. P. Rathi & Co. resigned as its statutory auditor with effect from 5 November 2026, citing existing professional commitments and constraints in allocating time and resources for the engagement. The firm had been appointed on 25 September 2026 for a term running to the 2031 annual general meeting after the previous auditor resigned in August 2026, and it issued no audit or limited review report during its tenure. The company, which listed on the BSE SME platform on 30 January 2026 after raising Rs 1,486 lakhs, reported standalone revenue of Rs 4,027 lakhs in FY26, up 74% from FY25. Engineering contributed about 62% of revenue and plastic PVC/HDPE pipes and fittings about 32% as the Menpura Unit-2 plant ramped. Its FY26 audit carried an emphasis of matter on Rs 141.97 lakhs of IPO funds earmarked for plant and machinery that were temporarily used for working capital.

Powered by Tijori

Shayona Engineering received a purchase order dated 30 October 2026 from a domestic customer for supply of engineering components worth Rs 154.97 lakhs including 18% GST. The order carried 90-day payment terms with 50% of the quantity due on or before 31 December 2026 and the remainder on or before 31 March 2027. It was the second order above Rs 100 lakhs disclosed in October, following a Rs 496.78 lakhs HDPE pipe components order on 21 October, after five micro-orders that had clustered between about Rs 17 lakhs and Rs 47 lakhs ex-GST in September and October. Revenue was Rs 4,027 lakhs in FY26, up 74% from Rs 2,316 lakhs in FY25, and the company listed on the BSE SME platform on 30 January 2026 after it raised Rs 1,486 lakhs.

Powered by Tijori

Sept 29 (Reuters) - Shayona Engineering Ltd SAYN.BO:

• SHAYONA ENGINEERING - GETS PURCHASE ORDER VALUED AT 2 MILLION RUPEES

Source text: ID:nBSE48Qf9d

Further company coverage: SAYN.BO

(([email protected];))

Shayona Engineering received a ₹2.5 crore service order, excluding 18% GST, from an unnamed domestic customer for engineering review and technical consultancy related to a 220 kV EHV second BKC cable scheme. The work covered engineering documents, drawings and technical submissions prepared by the client or its consultants, with 25% payable in advance and the balance linked to agreed milestones. It was due to be completed within six months from the date of the RC or letter of intent. A separate machine order received in August was valued at ₹58.53 lakh. Shayona reported FY26 revenue of ₹40.27 crore, profit after tax of ₹4.04 crore and negative operating cash flow of ₹5.79 crore.

Powered by Tijori

Shayona Engineering received a ₹4 crore service order, excluding 18% GST, from an unnamed domestic customer for engineering review and technical consultancy services. The scope covered review of design bases, engineering criteria, drawings, calculations, equipment-selection philosophy, utilities and technical risks, with 25% payable in advance and the balance linked to milestones. The work was scheduled for completion within six months from the relevant RC or LOI, and the contract was valid from 28 August 2026 to 31 March 2027. The customer's name was withheld under confidentiality obligations. Shayona reported FY26 revenue of ₹40.27 crore and PAT of ₹4.04 crore, while its top five customers accounted for about 77% of revenue.

Powered by Tijori

Shayona Engineering’s board recommended shareholder approval to increase borrowing authority from ₹20 crore to ₹50 crore, alongside matching limits for security creation, loans, guarantees and investments. SGPS & Associates resigned as statutory auditor effective August 24, and O. P. Rathi & Co. was appointed to fill the casual vacancy, subject to member approval. The company fixed its 10th AGM for September 25, 2026, with remote e-voting scheduled from September 21 to 24, and approved its FY26 annual report. Shayona reported FY26 revenue of ₹40.27 crore and borrowings of about ₹20.18 crore at year-end.

Powered by Tijori

Shayona Engineering has received a purchase order worth ₹1.14 crore including GST (₹97.10 lakh excluding tax) from an undisclosed domestic customer for the supply of stainless steel coils. The order was awarded on 4 August 2026, with payment due within seven days and delivery as per the agreed schedule. It is the latest in a series of contracts the BSE SME-listed pipe and fittings maker has reported since its January listing.

Powered by Tijori

Shayona Engineering Ltd. said on Tuesday it has received a purchase order worth ₹3.53 crore including GST from an undisclosed domestic customer for the supply of stainless-steel welded pipes. The order, valued at ₹2.99 crore excluding tax, was awarded on 28 July 2026 and is to be executed as per the agreed delivery schedule, with payment due seven days from delivery.

Powered by Tijori

Shayona Engineering said on Friday it has received a purchase order worth ₹99.34 lakh (including GST) from an undisclosed domestic customer for the supply of engineering components. The order, awarded on July 24 and to be executed within 45 days of delivery, is the latest in a series of contracts the BSE SME-listed pipe and fittings maker has reported since its January listing. Payment terms are ex-works with settlement due 45 days from receipt of material.

Powered by Tijori

Shayona Engineering said on Thursday it has received a purchase order worth ₹1.70 crore (including GST) from an undisclosed domestic customer for the supply of engineering components. The order, dated 9 July 2026 and to be executed by 30 July, carries a payment term of seven days from acceptance of material. The company, which listed on the BSE SME platform in January, has reported a series of similar-sized contracts in recent months.

Powered by Tijori

July 10 (Reuters) - Shayona Engineering Ltd SAYN.BO:

• GETS ORDER WORTH 17 MILLION RUPEES

Source text: ID:nBSE6TZlL1

Further company coverage: SAYN.BO

(([email protected];))

June 26 (Reuters) - Shayona Engineering Ltd SAYN.BO:

• SHAYONA ENGINEERING - RECEIVES PURCHASE ORDER FROM DOMESTIC CUSTOMER WORTH 4.6 MILLION RUPEES

Source text: ID:nBSE47d13L

Further company coverage: SAYN.BO

(([email protected];))

June 23 (Reuters) - Shayona Engineering Ltd SAYN.BO:

• GETS PURCHASE ORDER OF 2.6 MILLION RUPEES

Source text: ID:nBSE3xJGJk

Further company coverage: SAYN.BO

(([email protected];))

Shayona Engineering has received a purchase order worth ₹3.04 crore (including GST) from an undisclosed domestic customer for the supply of engineering components, the company said on Friday. The order, valued at ₹2.58 crore excluding taxes, was awarded on June 18 and must be executed by June 30. It is the largest single order disclosed by the BSE-listed pipe and fittings maker since its IPO in January, surpassing a ₹1.67 crore order reported last month.

Powered by Tijori

June 19 (Reuters) - Shayona Engineering Ltd SAYN.BO:

• SHAYONA ENGINEERING - RECEIVES PURCHASE ORDER WORTH 30.4 MILLION RUPEES INCLUDING GST

Source text: ID:nBSE709NRd

Further company coverage: SAYN.BO

(([email protected];))

May 27 (Reuters) - Shayona Engineering Ltd SAYN.BO:

• SHAYONA ENGINEERING LTD - GETS PURCHASE ORDER WORTH 19.8 MILLION RUPEES INCL. GST

Source text: ID:nBSE5VkMPm

Further company coverage: SAYN.BO

(([email protected];))

April 28 (Reuters) - Shayona Engineering Ltd SAYN.BO:

• SHAYONA ENGINEERING LTD - RECEIVES PURCHASE ORDER VALUED AT 2.7 MILLION RUPEES

Source text: ID:nBSE2TcBbN

Further company coverage: SAYN.BO

(([email protected];))