StockWatch
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Auditor27 Aug 2026, 06:11 pm

Shayona Engineering Appoints O. P. Rathi & Co. as Statutory Auditors

AI Summary

Shayona Engineering Ltd has appointed M/s. O. P. Rathi & Co. as its new Statutory Auditors, effective August 27, 2026. This appointment fills a casual vacancy caused by the resignation of M/s. SGPS & Associates. The appointment is subject to shareholder approval and will initially fill the vacancy until the 10th Annual General Meeting. The Board also recommended O. P. Rathi & Co. for a full five-year term from the conclusion of the 10th AGM to the 15th AGM (FY 2026-27 to 2030-31). The proposed remuneration is ₹4,00,000 plus applicable taxes and expenses.

Key Highlights

  • New statutory auditors appointed to fill casual vacancy.
  • Appointment subject to shareholder approval.
  • Proposed five-year term covering FY 2026-27 to 2030-31.
  • Remuneration set at ₹4,00,000 plus taxes and expenses.