Shayona Engineering Ltd (544686)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Shayona Engineering's revenue was ₹26.7 Cr (+54.1% year on year, +95.9% on the previous half-year), and net profit ₹2.2 Cr (+9.6% year on year); the operating margin was 17.4%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹26.7 | +54.1% | +95.9% |
| Operating profit | ₹4.6 | +18.4% | +60.2% |
| Net profit | ₹2.2 | +9.6% | +14.9% |
| EPS (₹) | 5.55 | -19.4% | -15.5% |
| Operating margin | 17.4% | — | — |
📢 Recent Corporate Announcements
Shayona Engineering Limited has received a domestic purchase order for the supply of industrial piping solutions. The total contract value is ₹29,52,785 inclusive of 18% GST (base value of ₹25,02,360). The delivery is short-cycle and scheduled within 1 week from an undisclosed domestic client. Compared to the company's FY26 annual revenue of ₹40.27 crore, the order is tiny at less than 0.1% of revenue.
- Received purchase order valued at ₹29,52,785 inclusive of 18% GST
- Base contract consideration amounts to ₹25,02,360 excluding GST
- Execution timeline is short with delivery scheduled within 1 week
- Awarded on 14th October 2026 by an undisclosed domestic customer
Shayona Engineering Limited has appointed Finportal Investments Private Limited as its Investor Relations (IR) agency effective from October 1, 2025. The company also announced a designated email ID (compliance@shayonaengg.com) for investor queries pursuant to Regulation 30 of SEBI LODR Regulations. This is a routine administrative update regarding stakeholder communication and does not alter the company's financial or operational position.
- Appointed Finportal Investments Private Limited as IR agency
- Appointment effective retroactively or stated from October 1, 2025
- Designated official investor grievance and query email ID: compliance@shayonaengg.com
- Filing submitted to BSE on October 10, 2026 under Regulation 30
Shayona Engineering Limited has received a purchase order from an undisclosed domestic client for the supply of industrial piping solutions. The order value is ₹35,40,295, inclusive of 18% GST (approximately ₹30.0 lakh excluding GST). Against the company's FY26 revenue of ₹40.27 crore, this contract represents less than 1% of annual turnover. The order was awarded on September 29, 2026, and is scheduled for delivery at Vadodara, Gujarat.
- Received purchase order valued at ₹35,40,295 (inclusive of 18% GST)
- Contract is for the supply of industrial piping solutions to a domestic customer
- Order received on 29th September, 2026 at 5:35 PM
- Payment terms set at 30 days, with destination specified as Vadodara, Gujarat
- Client name withheld under contractual confidentiality obligations
Shayona Engineering Limited has received a purchase order from an undisclosed domestic client for the supply of industrial piping solutions. The contract value is ₹16,74,750 excluding GST, aggregating to ₹19,76,205 including 18% GST. Commercial terms include a 10% advance and 90% payment against post-dated cheques 20 days post-invoice. Relative to the company's FY26 revenue of ₹40.27 crore, the order is minor at approximately 0.04% of annual turnover.
- Total order consideration of ₹19,76,205 inclusive of 18% GST (base value of ₹16,74,750)
- Payment terms structured as 10% advance and 90% against PDC after 20 days from invoice date
- Material to be supplied with Rites Material Test Certificate (MTC)
- Order received on 28th September 2026 from an unnamed domestic customer
Shayona Engineering Limited has received a purchase order from an undisclosed domestic client for the supply of engineering components. The total contract value is ₹55,75,500 including 18% GST (₹47,25,000 excluding GST). Delivery is scheduled within one month, with payment terms including 50% advance, 30% against delivery, and 20% post-installation. Against FY26 full-year revenue of ₹40.27 crore, the base order value represents approximately 1.17%, making it small and routine in scale.
- Order value is ₹55,75,500 including 18% GST (₹47,25,000 excluding GST)
- Delivery timeline set within one month from award date
- Favorable cash flow terms: 50% advance on basic amount, 30% on delivery, 20% post-installation
- Customer identity withheld due to contractual confidentiality obligations
Shayona Engineering Limited has received a purchase order from an undisclosed domestic client for the supply of engineering components. The total contract value is ₹55,75,500 including 18% GST (₹47,25,000 excluding GST). Delivery is scheduled within one month, with payment terms including 50% advance, 30% against delivery, and 20% post-installation. Against FY26 full-year revenue of ₹40.27 crore, the base order value represents approximately 1.17%, making it small and routine in scale.
- Order value is ₹55,75,500 including 18% GST (₹47,25,000 excluding GST)
- Delivery timeline set within one month from award date
- Favorable cash flow terms: 50% advance on basic amount, 30% on delivery, 20% post-installation
- Customer identity withheld due to contractual confidentiality obligations
Shayona Engineering has issued the notice for its 10th Annual General Meeting scheduled for September 25, 2026. Key special resolutions include enhancing the company's borrowing limit from ₹20 Crore to ₹50 Crore under Section 180(1)(c) and securing limits up to ₹50 Crore under Section 180(1)(a). The company is also seeking shareholder approval for the appointment of M/s O. P. Rathi & Co. as statutory auditors for a 5-year term following the resignation of M/s SGPS & Associates.
- AGM scheduled for Friday, September 25, 2026, at Vadodara, Gujarat.
- Proposed increase in borrowing limit from ₹20 Crore to ₹50 Crore (vs FY26 revenue of ₹40.27 Crore).
- Approval sought for Section 186 limits on loans/guarantees/investments up to ₹50 Crore.
- Appointment of M/s O. P. Rathi & Co., Chartered Accountants, as statutory auditors for a 5-year term (FY27 to FY31).
Shayona Engineering Limited has submitted the Audit Committee's views regarding the resignation of its Statutory Auditors, M/s. SGPS & Associates. The resignation took effect on August 24, 2026, and the Audit Committee met on August 27, 2026, to deliberate on the matters communicated by the outgoing auditor. This disclosure follows SEBI LODR compliance norms after the initial intimation on August 25, 2026.
- M/s. SGPS & Associates resigned as Statutory Auditors with effect from August 24, 2026
- Audit Committee deliberated on the auditor's resignation reasons at its meeting held on August 27, 2026
- Follow-up disclosure to the previous intimation submitted on August 25, 2026
Shayona Engineering Ltd has appointed M/s. O. P. Rathi & Co., Chartered Accountants, as Statutory Auditors effective August 27, 2026. The appointment fills a casual vacancy created by the resignation of outgoing auditors M/s. SGPS & Associates. The Board has also recommended a 5-year tenure covering FY27 to FY31 (from the 10th to 15th AGM) at a proposed annual remuneration of Rs 4,00,000 plus taxes, subject to shareholder approval.
- Appointed M/s. O. P. Rathi & Co. (FRN: 108718W) effective August 27, 2026
- Fills casual vacancy caused by resignation of M/s. SGPS & Associates
- Recommended for a 5-year term from 10th AGM to 15th AGM (FY27 to FY31)
- Proposed remuneration fixed at Rs 4,00,000 plus applicable taxes and out-of-pocket expenses
Shayona Engineering Limited has disclosed that its Audit Committee met on August 27, 2026, to review and record its views on the resignation of Statutory Auditors M/s. SGPS & Associates. The resignation took effect on August 24, 2026, following an initial intimation by the company on August 25, 2026. The committee's views were deliberated pursuant to SEBI Listing Regulations and forwarded to management.
- Resignation of Statutory Auditors M/s. SGPS & Associates (FRN: 132946W) effective August 24, 2026.
- Audit Committee meeting held on August 27, 2026, to deliberate on the auditor's stated reasons.
- Initial intimation regarding the auditor's resignation was submitted on August 25, 2026.
- Disclosure submitted pursuant to Section V-D, paragraph 9.3.1 of the SEBI Master Circular under LODR Regulation 30.
Shayona Engineering's Board approved seeking shareholder approval at its 10th AGM to enhance its borrowing limits under Section 180(1)(c) from ₹20 Crore to ₹50 Crore, alongside a matching ₹50 Crore ceiling for loans and investments under Section 186. The Board also appointed M/s. O. P. Rathi & Co. as statutory auditors to fill a casual vacancy following the resignation of M/s. SGPS & Associates effective August 24, 2026, and recommended their regular 5-year appointment through FY31. The 10th AGM is scheduled for September 25, 2026, with a record/cut-off date of September 18, 2026.
- Proposed increase in borrowing powers under Section 180(1)(c) from ₹20 Crore to ₹50 Crore (vs Net Worth of ₹27 Crore)
- Approved limits under Section 186 for loans, guarantees, and investments up to ₹50 Crore
- Appointed M/s. O. P. Rathi & Co. as Statutory Auditors for FY27–FY31 post-resignation of M/s. SGPS & Associates
- 10th Annual General Meeting fixed for Friday, September 25, 2026, with cut-off date of September 18, 2026
Shayona Engineering Limited has received a purchase order from a domestic client valued at Rs 58,52,800 (including 18% GST; base value Rs 49.60 lakh). The contract involves the supply of industrial machinery parts and components to be delivered at the earliest possible date. Relative to the company's FY26 revenue of Rs 40.27 crore, the order represents approximately 1.2% of annual turnover. The customer's identity was not disclosed citing confidentiality obligations.
- Secured domestic purchase order with a total consideration of Rs 58,52,800 including GST
- Base contract value is Rs 49,60,000 with GST of Rs 8,92,800 (18%)
- Scope entails supply of industrial machinery parts and components
- Order size constitutes ~1.2% of FY26 annual revenue (Rs 40.27 crore)
Statutory auditor M/s. SGPS & Associates (FRN: 132946W) has resigned from Shayona Engineering Ltd effective August 24, 2026. The auditor cited an increased regulatory and audit scope following the company's SME platform listing and an inability to arrive at a mutually agreeable revision in professional fees. The auditor explicitly confirmed there was no lack of management cooperation, fraud, or other material reporting concerns. The company is in the process of appointing a replacement auditor under Section 139(8) of the Companies Act, 2013.
- M/s. SGPS & Associates resigned as Statutory Auditor effective August 24, 2026.
- Resignation prompted by enhanced compliance scope post-SME listing and fee disagreement, along with resource constraints.
- Auditor confirmed no fraud, suspected fraud, or non-cooperation from management.
- Company is initiating the process to fill the casual vacancy as per Section 139(8) of the Companies Act, 2013.
Shayona Engineering Limited has secured a domestic purchase order valued at ₹24.25 lakh (excluding 18% GST) for the supply of industrial machinery components. The contract is on fixed-price terms with an execution timeline of 4 weeks. Against the company's FY26 revenue of ₹40.27 crore, this order represents approximately 0.60%, marking it as a routine business win.
- Order value is ₹24,25,000 (excluding 18% GST)
- Execution timeline set at 4 weeks from order date (August 25, 2026)
- Payment term specified at 45 days with fixed price contract terms
- Customer is an undisclosed domestic entity; non-related party transaction
Shayona Engineering Limited has secured a domestic purchase order for the supply of stainless steel coils valued at ₹1.15 crore (including 18% GST). The base order value of ₹97.10 lakhs represents approximately 2.4% of the company's FY26 annual revenue of ₹40.27 crore. The contract features favorable payment terms of 7 days, which is positive for working capital. While the customer name is withheld due to confidentiality, the company confirms the transaction is at arm's length.
- Total order value of ₹1,14,57,800 including GST at 18%
- Base contract value excluding GST stands at ₹97,10,000
- Order represents ~2.41% of FY26 annual revenue of ₹40.27 crore
- Payment terms are strictly defined at 7 days from supply
- Order received on August 4, 2026, for domestic supply of Stainless Steel Coils
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