Intimation with Regards to Siyaram Recycling Secured Order amounting to Rs. 13716320 pursuant to Regulation 30 of SEBI (Listing Obligation and Disclousure Requirements) Regulation 2015
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Siyaram Recycling Industries Ltd has secured an order valued at Rs. 1,37,16,320 from The Supreme Industries Limited for supply of 16,10,560 units of Female Insert 1/2" CPVC/Aqua Thread Topper. The order is a domestic, fixed-cost contract to be executed within 6 months. The two companies have no related party connection, and no promoter interest exists in the awarding entity. The filing was made under SEBI Listing Regulations, 2015.
This is a modest order win from a well-known large domestic client, adding visibility to near-term revenue. For a small-cap recycling company, securing business from Supreme Industries provides credibility, though the order size alone is unlikely to materially move the stock.