Intimation with Regards to Siyaram Recycling Secured Order amounting to Rs 5 14 27 350 pursuant to Regulation 30 of SEBI ( Listing Obligation and Disclousure Requirements) Regulation 2015
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Siyaram Recycling Industries Ltd has secured a purchase order from Dharma Metalex valued at Rs. 5,14,27,350 (approximately Rs. 5.14 crore) for Brass Scrap Honey. The order is domestic, on a fixed-cost basis, and is to be executed within 6 months. The transaction is not a related-party deal, and the promoter group has no interest in the awarding entity. The company is based in Jamnagar and has a market cap that makes this a notable order relative to its scale.
This is a new business win that adds Rs. 5.14 crore to the order book, providing revenue visibility for the next 6 months. Without knowing the company's annual revenue, it's hard to gauge materiality precisely, but it represents positive commercial momentum. Shareholders should watch for execution and any follow-on orders from Dharma Metalex.