Intimation with Regards to Siyaram Recycling Secured Order amounting to Rs. 34,05,267.60 Pursuant to Regulation 30 of SEBI ( Listing Obligation and Disclousure Requirements) Regulation, 2015
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Siyaram Recycling Industries Ltd has secured a domestic order worth Rs. 3,405,267.60 from Usha International Limited for brass components including front connectors, chuck nuts, tank connectors, and water inlet/outlet connectors. The order is fixed-cost in nature and is to be executed within 6 months. The transaction is not a related party deal, and promoters have no interest in the awarding entity. The company is based in Jamnagar and the disclosure was filed under SEBI Listing Regulations.
This is a relatively small order (~Rs. 34 lakhs) that adds to the company's order book but is unlikely to move the stock materially on its own. It's a routine business win from a well-known domestic client (Usha International), suggesting steady demand for the company's brass components.