Intimation with regards to "Siyaram Recycling" secured order amounting to Rs. 2,06,64,750 pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015
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Siyaram Recycling Industries Ltd has secured a domestic order from Dharma Metalex for Brass Ingots worth Rs. 2,06,64,750 (approximately Rs. 2.07 crore). The order is on a fixed cost basis and is to be executed within 7 days. This is a short-term operational order. The transaction is confirmed as not a related party transaction and no promoter group interest exists in Dharma Metalex. The order was announced on April 17, 2026 under SEBI LODR Regulation 30 disclosure requirements.
A positive development as the company secured a new order, though the execution timeline is very short (7 days). Without knowing the company's annual revenue, it's difficult to assess the relative significance of this order for shareholders.