Pursuant to Regulation 30 read with Part A of Schedule III, Regulation 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ....
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Shayona Engineering Ltd reported strong financial performance for FY26 with revenue from operations growing 74% to Rs 4,027.23 Lakhs from Rs 2,316.13 Lakhs in FY25. Profit after tax surged 67% to Rs 404.14 Lakhs compared to Rs 241.91 Lakhs in the previous year. The company listed on BSE SME through an IPO on January 30, 2026, raising Rs 1,486.08 Lakhs. As of March 31, 2026, Rs 247.81 Lakhs of IPO proceeds earmarked for plant and machinery purchase remained unutilized, with Rs 141.97 Lakhs temporarily used for working capital. The statutory auditors issued an unmodified opinion with an Emphasis of Matter paragraph regarding IPO proceeds utilization. Total assets nearly doubled to Rs 5,341.62 Lakhs from Rs 2,960.12 Lakhs. Operating cash flow remained negative at Rs 579.57 Lakhs versus negative Rs 224.86 Lakhs in FY25.
The company delivered robust revenue and profit growth, but shareholders should note the negative operating cash flow has more than doubled, raising concerns about working capital management. The auditor's Emphasis of Matter on IPO proceeds requires monitoring, though the management stated the temporary utilization was subsequently corrected.