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.

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.

Siyaram Recycling Industries Ltd. has formally notified BSE Limited about the non-applicability of certain regulatory compliance requirements for SME-listed entities. The company clarified its exemption status regarding Annual Secretarial Compliance reporting under SEBI regulations.

Regulatory Exemption Details

The company informed BSE that being listed on the SME Platform, it is exempt from compliance with multiple regulations as specified under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exemptions cover a comprehensive range of regulatory provisions.

Company Communication

The notification was addressed to BSE Limited at Floor 25, P J Towers, Dalal Street, Mumbai, referencing the company's script code 544047. The communication emphasized that compliance under Regulation 24A of SEBI LODR Regulations is specifically not applicable to the company due to its SME listing status.

Management Authorization

The notification was officially signed by Bhavesh Ramgopal Maheshwari, Managing Director, with DIN 06573087. The document was digitally signed and dated April 14, 2026, from Jamnagar.

SME Platform Benefits

The notification highlights the regulatory relief provided to SME-listed entities under SEBI framework. Companies listed on SME exchanges benefit from reduced compliance burden, allowing them to focus on business operations while maintaining essential regulatory standards appropriate for their scale and investor base.