Intimation with regards to "Siyaram Recycling" Secured Order amounting to Rs. 1,75,23,000 Pursuant to Regulation 30 of SEBI ( Listing Obligation and Disclosure Requirements) Regulation 2015
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Awaiting price reaction for this filing.
Siyaram Recycling Industries has secured a purchase order valued at Rs. 1,75,23,000 (approximately Rs. 1.75 crore) from domestic entity M/s. Anurag Impex, based in Jamnagar. The order is for 25 tons of Brass Scrap Honey for the domestic market, to be executed within 30 days. The filing was made under SEBI Listing Regulations to keep the stock exchange informed. The company clarified there is no promoter or related-party interest in the awarding entity.
This is a modest new order that adds to the company's order book and provides short-term revenue visibility, but on its own it is unlikely to materially move the stock price. Investors may want to monitor whether more such orders follow to gauge demand momentum.