Shayona Engineering Auditors Resign Over Remuneration Dispute

Shayona Engineering Ltd announced the resignation of its statutory auditors, M/s. SGPS & Associates, effective August 24, 2026. The resignation stems from a disagreement over revised professional remuneration following the company's listing on the BSE SME platform, which increased audit scope and responsibilities. The auditors cited enhanced professional time, resource allocation constraints, and existing commitments as contributing factors. The Audit Committee confirmed these reasons and noted no other material concerns were raised by the auditors, approving the resignation and advising management on an orderly transition.