Intimation with regards to Siyaram Recycling Secured Order amounting to Rs. 14336410 pursuant to Regulation 30 of SEBI ( Listing Obligation and Disclousure Requirements) Regulation 2015
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Siyaram Recycling Industries Ltd has secured a domestic order worth Rs. 1,43,36,410 (approximately Rs. 1.43 crore) from The Supreme Ind. Ltd. - Jalgaon (MDP unit). The order is for supply of 1/2" Female Insert (New Modified) and Female Insert 1/2" CPVC/Aqua Topper fittings. It is a fixed-cost contract to be executed within 6 months. The order is from a domestic private entity and does not involve any related party interest.
This is a modest order (about Rs. 1.43 crore) and is incremental business rather than transformative. Without the company's annual revenue, it is hard to judge materiality, but the order is from a reputed counterparty (Supreme Industries) which lends some credibility. Short-term impact on the stock is likely to be limited.