Shayona Engineering Ltd has secured a purchase order worth ₹25.56 lakh from a domestic customer for the supply of industrial piping solutions. The order requires execution within 15 days as per the agreed delivery schedule. The total consideration for the accepted order is inclusive of GST at 18%.

The company received two purchase orders aggregating to ₹38.92 lakh from the customer on June 22, 2026. Of this, orders worth ₹25.55 lakh have been accepted for execution. The customer's name was not disclosed due to contractual confidentiality and non-disclosure obligations.

Order Details

The accepted orders include Purchase Order No. GEL/SYADLA-4/JUN/2026 valued at ₹28.40 lakh and Purchase Order No. GEL/SYADLA-5/JUN/2026 valued at ₹10.52 lakh. The prices stated in the purchase order are fixed and firm, with no cost escalation permitted due to raw material fluctuations.

The company confirmed that the promoter group and group companies have no interest in the entity awarding the order. The transaction does not fall within related party transactions. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

[Shayona Engineering Limited](shayona engineering) reported a 67% increase in net profit for the financial year ended March 31, 2026, reaching ₹404.14 lakh, compared to ₹241.91 lakh in the previous year. Total income for the year surged to ₹4,031.22 lakh from ₹2,317.69 lakh in FY25, driven by growth in engineering and allied manufacturing activities. The board approved the audited standalone financial results for the half-year and financial year ended March 31, 2026, at a meeting held on May 26, 2026.

The company’s earnings per share (EPS) for the full year improved to ₹13.94 from ₹9.33 in the prior year. For the half-year ended March 31, 2026, net profit stood at ₹215.94 lakh on total income of ₹2,669.57 lakh. The statutory auditor issued an unmodified opinion on the results, though it included an Emphasis of Matter paragraph regarding the utilization of IPO proceeds. The financial results were prepared in accordance with the Accounting Standards (AS) prescribed under Section 133 of the Companies Act, 2013, as the company is listed on the BSE SME Platform.

Financial Performance

The strong performance was supported by a significant expansion in the company’s asset base. Total assets grew to ₹5,341.62 lakh as of March 31, 2026, up from ₹2,960.12 lakh a year earlier. Shareholders' funds more than doubled to ₹2,664.20 lakh, bolstered by the successful initial public offer (IPO) in January 2026. The equity shares of the company were listed on BSE SME on January 30, 2026.

IPO Proceeds and Auditor's Report

The company raised ₹1,486.08 lakh through its IPO. As of March 31, 2026, ₹247.81 lakh earmarked for plant and machinery remained unutilized. Of this amount, ₹105.84 lakh was invested in fixed deposits, and ₹141.97 lakh was used for interim working capital. The management confirmed that the funds used for working capital were subsequently returned before the financial statements were approved.

The statutory auditor certified that the statement on the utilization of issue proceeds is in agreement with the audited financial statements and books of account for the half-year and financial year ended March 31, 2026. The certificate confirmed a temporary category-wise variation of ₹141.97 lakh, which was utilized for interim working capital requirements. The company is not required to appoint a monitoring agency for the IPO proceeds.