Intimation with regards to Siyaram Recycling secured Order amounting to Rs. 4,45,87,480 pursuant to Regukation 30 of SEBI ( Listing Obligation and Disclosure Requirements) Regulation 2015
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Siyaram Recycling Industries Ltd has announced securing a domestic order from Anurag Impex for Brass Scrap Honey valued at Rs. 4,45,87,480 (approximately Rs. 4.46 crore). The order is on a fixed cost basis and is to be executed within 7 days. This is a routine order announcement under SEBI's Regulation 30 for listing obligations. The transaction is explicitly stated to be a non-related party transaction with no promoter group interest involved. The order is from a domestic entity (Anurag Impex) and is relatively small in scale with quick turnaround.
This is a positive but modest update as it represents a new order win for the company. The short execution timeline (7 days) suggests it may be a quick-turn delivery rather than a long-term revenue catalyst. The order size is relatively small and unlikely to have significant immediate impact on the stock price unless it represents a meaningful percentage of quarterly revenue.