Param Value Investments Reduces Stake in Siyaram Recycling Industries to 6.138%

Param Value Investments has filed a disclosure with BSE Limited regarding the substantial reduction of its shareholding in Siyaram Recycling Industries Ltd. The Mumbai-based investment firm, operating through its partner Mukul Agrawal, completed the divestment through open market transactions between February 25, 2026 and April 22, 2026.

Transaction Details

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011 reveals the following transaction specifics:

Parameter	Details
Shares Sold	8,62,500
Transaction Value (%)	3.958%
Transaction Period	February 25, 2026 to April 22, 2026
Mode of Sale	Open Market
Stock Exchange	BSE Limited

Shareholding Changes

The transaction resulted in a significant reduction in Param Value Investments' stake in the Gujarat-based recycling company:

Holding Period	Number of Shares	Percentage Holding
Before Transaction	22,00,000	10.097%
Shares Sold	8,62,500	3.958%
After Transaction	13,37,500	6.138%

Capital Structure

The target company's equity structure remained unchanged following the transaction:

Capital Details	Specification
Total Equity Shares	2,17,89,212
Face Value per Share	Rs.10/-
Total Share Capital	Rs. 21,78,92,120/-
Diluted Share Capital	Rs. 21,78,92,120/-

Param Value Investments confirmed that it does not belong to the promoter or promoter group of Siyaram Recycling Industries Ltd. The disclosure was signed by Mukul Agrawal as partner of Param Value Investments and filed from Mumbai on April 23, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.28%	-4.17%	+14.94%	-61.15%	-69.31%	-32.73%

Siyaram Recycling Industries Ltd has secured a significant order worth Rs. 2,06,64,750 from Dharma Metalex for the supply of brass ingots. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

Order Details and Terms

The order represents a noteworthy business achievement for the Jamnagar-based recycling company. The contract has been structured with specific terms designed for efficient execution and delivery.

Parameter:	Details
Client:	Dharma Metalex
Order Value:	Rs. 2,06,64,750
Product:	Brass Ingots
Contract Type:	Fixed cost
Execution Timeline:	Within 7 Days
Market:	Domestic

Regulatory Compliance and Transparency

The company has provided comprehensive details pursuant to SEBI Listing Regulations, 2015 and SEBI Circular SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 dated July 13, 2023. The disclosure ensures full transparency regarding the nature and terms of the contract.

Key compliance aspects include:

The order has been awarded by a domestic entity
No promoter or promoter group companies have any interest in Dharma Metalex
The transaction does not fall within related party transactions
The contract follows arm's length pricing principles

Business Significance

This order demonstrates Siyaram Recycling Industries' capabilities in the brass ingot manufacturing segment. The seven-day execution timeline indicates the company's operational readiness and efficient production capabilities. The fixed-cost nature of the contract provides revenue certainty for the company.

Company Background

Siyaram Recycling Industries Ltd, formerly known as Siyaram Impex Pvt. Ltd., operates under the tagline "Sustainability Today, Tomorrow & Forever!" The company is based in Jamnagar, Gujarat, and focuses on recycling and metal processing operations. The announcement was signed by Managing Director Bhavesh Ramgopal Maheshwari on April 17th, 2026.