Intimation with Regards to Siyaram Recycling Secured Order amounting to Rs. 16.81 Million Pursuant to Regulation 30 of SEBI ( Listing Obligation and Disclausure Requirement ) Regulation 2015
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Siyaram Recycling Industries Ltd has secured a new order worth Rs. 16.81 Million from H K IMPEX for Brass Scrap Honey. The order is domestic in nature and is on a fixed-cost basis. The company is required to execute the order within 6 months from the date of intimation. The order is not a related party transaction, and the promoters have no interest in the awarding entity.
This is a modest new order for the company. While it adds to the order book, the value is relatively small and does not materially change the business outlook. Investors should monitor upcoming disclosures to gauge order flow momentum.