Shayona Engineering Ltd has secured a purchase order worth Rs 3.04 Cr from a domestic customer for the supply of engineering components. The order, valued at Rs 3,04,01,225 including GST at 18%, is scheduled for execution on or before June 30, 2026. This development underscores the company's ability to secure new business within the domestic market.

The purchase order was received on Thursday, 18 June, 2026. The order specifies the supply of engineering components as per agreed specifications and a delivery schedule. The price basis is Ex Works, with payment terms set at 7 days. The delivery schedule extends up to June 30, 2026, and includes material supply along with Material Test Certificates (MTC).

Order Details

The specifics of the transaction are outlined in the regulatory filing submitted to BSE Limited. The order, identified as Purchase Order No. RFEPL/PO2627/645, excludes GST at a value of Rs 2,57,63,750. The company confirmed that the order does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.

The company stated that the name of the customer is not disclosed due to contractual confidentiality and non-disclosure obligations. However, Shayona Engineering Ltd may furnish the name to the stock exchanges or regulatory authorities if specifically required, subject to applicable confidentiality safeguards.

[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.