Siyaram Recycling Industries secures orders worth Rs 1.89 crore

Siyaram Recycling Industries Limited has secured two new domestic orders for the supply of brass scrap, totaling Rs 1,89,16,580. The contracts, awarded on a fixed-cost basis, are expected to be executed within seven days. These developments were communicated to the stock exchange pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

The order details were submitted in compliance with SEBI Circular SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 dated July 13, 2023. The disclosures confirm that the promoter, promoter group, or group companies hold no interest in the entities awarding the orders. Furthermore, the transactions do not qualify as related party transactions.

Order Details

The following table outlines the key specifications of the secured orders:

Parameter	Order 1 Details	Order 2 Details
Client Name	Charbhuja Impex	Radhika Metals
Nature of Order	Fixed cost	Fixed cost
Order Value	Rs. 95,63,900	Rs. 93,52,680
Execution Timeline	Within 7 Days	Within 7 Days
Entity Type	Domestic	Domestic

Bhavesh Ramgopal Maheshwari, Managing Director of Siyaram Recycling Industries Limited, signed the intimations on June 1, 2026. The company is headquartered in Jamnagar.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.19%	-3.26%	-3.49%	-38.76%	-73.77%	-36.81%

Param Value Investments has reduced its shareholding in Siyaram Recycling Industries Ltd. by disposing of 10,12,500 equity shares through open market transactions. The sale, executed between April 23, 2026, and May 25, 2026, lowered the acquirer's stake from 6.138% to 1.492% of the total voting capital.

The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, Mukul Agrawal, acting through Param Value Investments, clarified that neither entity belongs to the promoter or promoter group of the target company.

Transaction Details

The transaction involved the sale of shares carrying voting rights. No other instruments such as warrants or convertible securities were involved in the acquisition or disposal. The total equity share capital of Siyaram Recycling Industries Ltd. remained unchanged at 2,17,89,212 equity shares of ₹10 each, aggregating to ₹21,78,92,120.

Holding Details	Number of Shares	% of Total Shares/Voting Capital
Before Acquisition
Shares carrying voting rights	13,37,500	6.138%
Acquisition/Sale
Shares sold	10,12,500	4.647%
After Acquisition
Shares carrying voting rights	3,25,000	1.492%

The shares of Siyaram Recycling Industries Ltd. are listed on BSE Limited. The filing confirmed that the diluted share capital remains identical to the total voting capital as there are no outstanding convertible securities or warrants.