Shayona Engineering Seeks ₹50 Crore Borrowing Authority From Shareholders

Board recommended shareholder approval to raise borrowing authority from Rs 20 Cr to Rs 50 Cr, create security for borrowings up to Rs 50 Cr, and raise the Section 186 loans, guarantees, securities and investments ceiling to Rs 50 Cr. Statutory auditor SGPS & Associates resigned and O. P. Rathi & Co. was appointed, subject to approval. The resolutions materially expand financing headroom for the company's capex-intensive expansion, against an already leveraged profile. The auditor change introduces additional governance sensitivity. No borrowing, security creation, transaction purpose or deployment timeline was approved; all financial-limit changes require shareholder approval. The filing does not disclose reasons for the statutory auditor's resignation.