News Stocks Shayona Engineering Limited Board Approves Compliance Officer Appointment and Governance PoliciesShayona Engineering Limited Board Approves Compliance Officer Appointment and Governance Policies
Shayona Engineering Limited's board meeting on February 26, 2026 resulted in approval of key governance and compliance measures including compliance officer appointment, board committee constitution, and various SEBI LODR policies. The board also approved credit facility transfers and additional facility arrangements during the meeting held at the company's Vadodara office.
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Shayona Engineering Limited announced the outcomes of its board meeting held on February 26, 2026, at the company's registered office in Vadodara, Gujarat. The meeting, which commenced at 03:00 p.m. and concluded at 6:55 p.m., addressed several important governance and compliance matters.
Key Board Decisions
The board approved multiple significant resolutions during the meeting, focusing primarily on regulatory compliance and corporate governance strengthening.
| Decision Area: | Details |
|---|---|
| Compliance Officer: | Approved appointment pursuant to Regulation 6 of SEBI LODR |
| Board Committees: | Confirmed constitution in compliance with Companies Act, 2013 and SEBI LODR |
| Committee Charters: | Approved and adopted Terms of Reference for Board Committees |
| Independent Directors: | Approved Terms and Conditions of Appointment |
| Policies & Codes: | Adopted various policies under SEBI LODR and applicable laws |
| Credit Facilities: | Approved transfer of existing facilities and availing additional facilities |
Regulatory Compliance Focus
The board's decisions demonstrate a comprehensive approach to regulatory compliance, particularly with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment of a compliance officer and confirmation of board committee constitution align with mandatory regulatory requirements for listed companies.
Corporate Governance Enhancement
The approval of various policies and codes, along with the adoption of board committee charters, reflects the company's commitment to strengthening its corporate governance framework. The terms and conditions for independent director appointments were also formalized during the meeting.
Financial Arrangements
The board approved both the transfer of existing credit facilities and the availing of additional credit facilities, indicating potential expansion or restructuring of the company's financial arrangements to support business operations.
The meeting was conducted at the company's registered office located at Shed No. 113/1, GIDC Makarpura, M.I. Estate, Vadodara-390010, Gujarat, with Arti Singh serving as Company Secretary & Compliance Officer.
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