Intimation with regards to Siyaram Recycling Secured Order amounting to Rs 19960290 pursuant to Regulation 30 of SEBI ( Listing Obligation and Disclousure Requirements) Regulation 2015
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Siyaram Recycling Industries Ltd has secured a new order from Anurag Impex valued at Rs. 1,99,60,290 (approximately Rs. 2 crore) for the supply of Brass Scrap Honey. The order is a domestic, fixed-cost contract with no involvement of promoters or related parties. It is to be executed within 7 days, meaning revenue recognition will be quick. The filing was made under SEBI's Regulation 30 disclosure requirements.
This is a modest, one-off order worth around Rs. 2 crore. Without knowing the company's annual revenue, its materiality is unclear, but the short 7-day execution window means cash flow impact will be immediate rather than long-dated.