Intimation with regards to "Siyaram Recycling" secured order amounting to Rs. 1,51,33,500 pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015
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Siyaram Recycling Industries Ltd has announced securing an order worth Rs. 1,51,33,500 from The Supreme Industries Limited. The order is for FEMALE INSERT 1/2"CPVC/AQUA THRED TOPPER, which is a fixed-cost contract. This is a domestic order with a short execution timeline of 7 days. The company confirmed this is not a related party transaction and that no promoter group has any interest in the entity awarding the order.
The order represents new business wins for the company and is positive from a revenue perspective. However, without revenue data for context, the relative significance of this Rs. 1.51 crore order cannot be fully assessed. The very short execution window suggests this may be a relatively modest-sized contract.