Shayona Engineering shares rose 2.39% to ₹143.55 following the announcement of a significant domestic purchase order. According to reports from Business Standard, the company secured a purchase order worth ₹1.70 crore from a domestic customer for the supply of engineering components. The order involves the supply of engineering components as per agreed specifications, with deliveries to be made on a For site basis according to the buyer's schedule.
As reported by Business Standard, payment will be made within seven days of material acceptance. The supplied material will be accompanied by a Material Test Certificate (MTC), and all other terms and conditions will be governed by the purchase order. The order is scheduled to be executed by 30 July 2026. The company did not disclose the name of the customer, citing contractual confidentiality and non-disclosure obligations.
According to Business Standard, the company clarified that the contract does not fall under related-party transactions and that neither its promoters nor members of the promoter group have any interest in the award of the order. The company stated that details would be shared with the stock exchanges or regulatory authorities, if required, subject to applicable confidentiality safeguards.
For the financial year ended 31 March 2026, Shayona Engineering's standalone net profit surged 66.9% to ₹4.04 crore from ₹2.42 crore in the previous year, as reported by Business Standard. Revenue from operations increased 73.9% year-on-year to ₹40.27 crore in FY26. The company provides customized solutions for precision castings in special grades, with weights ranging from a few grams to 3 metric tons in a single piece.
