Intimation with Regards to Siyaram Recycling secured Order amounting to Rs. 17272368 Pursuant to Regulation 30 of SEBI ( Listing Obligation and Disclosure Requiremens) Regulation 2015
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Awaiting price reaction for this filing.
Siyaram Recycling Industries has received a purchase order from M/s. Dharma Metalex, Jamnagar for 25.680 tons of Brass Scrap Honey. The total contract value is Rs. 1,72,72,368 (about Rs. 1.73 crore), to be executed within 30 days. The order is from a domestic entity, with no promoter or related party interest involved. The disclosure has been made under Regulation 30 of SEBI Listing Regulations.
This is a modest, routine order win for the company. For shareholders, it adds to the order book but is unlikely to materially move the stock unless similar orders continue at scale. Mildly positive sentiment, no significant price action expected.