Shayona Engineering: Audit Committee Reviews Auditor Resignation

Shayona Engineering Ltd has provided an update regarding the resignation of its statutory auditors, M/s. O. P. Rathi & Co. The company's Audit Committee met on November 6, 2026, to review the auditors' reasons for resignation, which were attributed to existing professional commitments and constraints in allocating necessary time and resources for the audit. The auditors confirmed no concerns regarding information availability or management cooperation and stated no other material reasons for their resignation. The Audit Committee noted these reasons without expressing a conclusion and advised management to address the resulting vacancy and ensure audit continuity.