Intimation with Regards to Siyaram Recycling Secured Order amounting to Rs 40466844 Pursuant to Regulation 30 of SEBI ( Listing Obligation and Disclosure Requirements) Regulation 2015
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Awaiting price reaction for this filing.
Siyaram Recycling Industries Ltd has secured an order valued at Rs. 4,04,66,844 (approximately Rs. 4.05 crore) from domestic buyer Saanvi Metal Craft. The order is for supply of brass scrap honey conforming to ISRI (Institute of Scrap Recycling Industries) standards. The contract is on a fixed-cost basis, is purely domestic, and is to be executed within 6 months. The filing confirms there is no related-party interest — neither the promoter group nor any group company has any stake in the buyer. The order was disclosed to BSE under Regulation 30 of the SEBI Listing Regulations.
This is a routine order win disclosed for compliance purposes; the size is modest and execution is to be completed in about 6 months. For shareholders, it signals continued business activity but is unlikely to be a major stock-moving event on its own.