Shayona Engineering Board Approves Borrowing Limit Hike to ₹50 Cr

Shayona Engineering Limited's Board of Directors, in their meeting on August 27, 2026, approved several key proposals. These include increasing the company's borrowing authority from ₹20 Crore to ₹50 Crore, creation of mortgage/charge up to ₹50 Crore, and loans/guarantees/investments up to ₹50 Crore. The board also accepted the resignation of statutory auditors SGPS & Associates and appointed O. P. Rathi & Co. as their replacement, subject to member approval. The 10th Annual General Meeting (AGM) is scheduled for September 25, 2026, with September 18, 2026, set as the cut-off date for remote e-voting. The Annual Report for FY26 was also approved.