Shayona Engineering has received a confirmed order valued at Rs 2.5 crore from a domestic customer, disclosed on August 31, 2026. The contract covers engineering review and technical consultancy services for a period of six months.

What Happened

The company secured a significant order for Rs 2.5 crore. The scope includes engineering review and technical consultancy services for engineering documents, drawings, and technical submissions prepared by the client and/or its appointed consultants. Payment terms comprise 25% advance against proforma invoice and balance 75% linked to agreed milestones, payable within 7 days. The order is exclusive of tax. This is not a related-party transaction, and no promoter interest has been disclosed.

The prior order disclosed on August 28, 2026, valued at Rs 4.0 crore, covered engineering review and technical consultancy services including review of DBR, engineering philosophy, and design criteria.

Order In Financial Context

The Rs 2.5 crore order is the ninth order disclosed in Q2FY27 (Jul-Sep 2026), as reflected in the pre-computed quarterly summary below. All orders disclosed across the last three fiscal quarters have been classified as significant. Trailing 12-month consolidated revenue, net profit, and operating profit margin data are not available in the provided context, so a book-to-bill ratio cannot be computed.

Company Order Track Record

The table below uses pre-computed quarterly totals as disclosed. Q2FY27 now reflects 9 orders with a total inflow of Rs 197.89 crore. Q1FY27 recorded 9 orders totalling Rs 215.09 crore. All orders across both quarters have been sourced from domestic entities, several of which have withheld their names under contractual confidentiality obligations.

Order History (Last 18 Orders)

Execution And Revenue Quality

Quarterly revenue, net profit, and operating profit margin data are not available in the provided fundamental context. Historical annual data shows revenue growth of 51.6% in FY25, 21.0% in FY24, and 175.7% in FY23 on a standalone basis.

Key Observations

• Valuation context (as of 01 Sep 2026): Stock P/E of 13.7x against a reported ROCE of 29.36% for FY25 and ROE of 24.42% for FY25.
• Order activity: The company has disclosed 18 significant orders over the last three fiscal quarters, all from domestic entities.
• Confidentiality: A majority of awarding entities across Q2FY27 and Q1FY27 have withheld their names under contractual non-disclosure obligations.
• SME classification: Shayona Engineering is classified as an SME with a market capitalisation of Rs 56.45 crore as of 01 Sep 2026.

Shayona Engineering has scheduled its 10th Annual General Meeting for Friday, September 25, 2026. The Board of Directors approved the date and remote e-voting arrangements in a meeting held on August 27, 2026.

The company announced that the cut-off date for determining voting entitlement is Friday, September 18, 2026. Shareholders eligible to vote must hold shares as of this date.

E-Voting Arrangements

Remote e-voting will commence on Monday, September 21, 2026, at 9:00 am and conclude on Thursday, September 24, 2026, at 5:00 pm. National Securities Depository Limited (NSDL) has been appointed as the e-voting agency.

M/s. M. Buha & Co., Practising Company Secretaries, will serve as the scrutinizer for the meeting. The AGM is scheduled to begin at 10:00 am.

Venue Details

The meeting will be held physically at Courtyard by Marriott, Block B, Sarabhai Campus, Near Genda Circle, Alembic Road, Vadodara – 390023. No facility for participation through Video Conferencing or Other Audio Visual Means is being provided.

Key Agenda Items

The notice outlines several ordinary and special business items for shareholder consideration.

Auditor Appointment

Shareholders will vote on the appointment of M/s. O. P. Rathi & Co., Chartered Accountants, to fill the casual vacancy arising from the resignation of M/s. SGPS & Associates. The outgoing auditors cited enhanced scope and resource requirements following the company's listing on the SME Platform of BSE Limited as reasons for their resignation.

The Board has recommended appointing M/s. O. P. Rathi & Co. for a term of five consecutive years, from the conclusion of the 10th AGM until the conclusion of the 15th AGM, covering financial years 2026-27 to 2030-31. The proposed statutory audit fee for FY27 is ₹3.00 lakh, an increase from the ₹2.30 lakh paid in FY26.

Enhanced Borrowing Authority

The company seeks approval to enhance its aggregate borrowing limit under Section 180(1)(c) of the Companies Act, 2013. The proposed limit is ₹50 crore, replacing the existing authority of ₹20 crore approved in August 2024. This enhancement aims to provide financial flexibility for working capital, capital expenditure, and other business requirements.

Additionally, shareholders will be asked to approve the creation of mortgage, charge, or other security over the company's assets to secure borrowings up to the new ₹50 crore ceiling.

Loans and Investments

Under Section 186 of the Companies Act, 2013, the Board seeks consent to give loans, guarantees, or acquire securities in other body corporates. The aggregate outstanding amount for such transactions shall not exceed ₹50 crore.

Director Re-Appointment

Mr. Gaurav Ratukumar Parekh retires by rotation and offers himself for re-appointment. He has served as Whole-time Director since September 21, 2024, with over 16 years of experience in manufacturing and operations. His remuneration remains unchanged at ₹12 lakh per annum.