Siyaram Recycling Industries Ltd has confirmed the completion of its statutory disclosure obligations regarding a proposed increase in authorized share capital from ₹25 crore to ₹45 crore. On July 30, 2026, the company published advertisements in Business Standard (English) and Bhoomi (Gujarati) to inform shareholders that the postal ballot notice and remote e-voting information have been dispatched. This procedural step ensures transparency and compliance with Ministry of Corporate Affairs (MCA) circulars and SEBI regulations ahead of the shareholder vote. The capital hike aims to broaden the company’s capital structure and facilitate future fund infusion without immediate dilution of existing equity.

The Board of Directors approved the proposal on July 29, 2026, recommending an ordinary resolution to create two crore additional equity shares of ₹10 each. This will raise the total authorized share count from 2.5 crore to 4.5 crore shares. Shareholders holding shares as of July 24, 2026, are eligible to vote electronically via the National Securities Depository Limited (NSDL) platform. The voting window opens at 9:00 am IST on July 31, 2026, and closes at 5:00 pm IST on August 29, 2026. Results will be declared on or before September 1, 2026.

Voting Process and Compliance

The company has engaged M/s. Murtuza Mandorwala & Associates (Membership No. F10745) as the scrutinizer to ensure a fair and transparent voting process. Notices were dispatched electronically to members registered with the company, its Registrar and Transfer Agent (Cameo Corporate Services Limited), or depository participants (NSDL/CDSL) as of the cut-off date. In compliance with MCA guidelines, no hard copies were issued. Institutional shareholders must submit scanned copies of board resolutions or authority letters to the scrutinizer at mma.office@yahoo.com . The advertisements confirming the dispatch are also available on the company’s website, www.siyaramindustries.co.in .

Capital Structure Alteration

Upon approval by shareholders, the Memorandum of Association will be amended to reflect the new capital clause. The existing Clause V will be substituted to state that the authorized share capital is ₹45,00,00,000 divided into 4,50,00,000 equity shares of ₹10 each. The new shares will rank pari-passu with existing shares in all respects. Bhavesh Ramgopal Maheshwari, Managing Director, signed the intimation letter under Regulation 30 and Regulation 47 of the SEBI Listing Regulations, 2015, confirming the board’s decision and the subsequent disclosure.

Governance Context

The capital hike coincides with a leadership transition in compliance oversight. Mr. Samoil Akilbhai Lokhandwala assumes the role of Company Secretary effective August 1, 2026, succeeding Ms. Kesha Ravi Shah, who resigned citing personal reasons. No directors or key managerial personnel have a financial interest in the resolution beyond their existing shareholdings. The appointment of Mr. Lokhandwala is viewed as strategic for maintaining robust compliance during potential scaling initiatives.

Siyaram Recycling Industries Ltd has secured a new order worth ₹2.34 crore from Dharma Metalex for the supply of Brass Scrap Honey. This domestic fixed-cost contract is to be executed within 15 days, as disclosed pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The Managing Director, Bhavesh Ramgopal Maheshwari, signed the intimation dated July 21, 2026. The transaction is not a related party transaction and was conducted at arm's length, with no interest held by the promoter, promoter group, or group companies in the client entity.

Prior to this development, the company had bolstered its order book with contracts worth ₹7.03 crore. This included an international order worth ₹4,13,70,317.23 from Green Metals FZCO for Brass Billets and a domestic order worth ₹2,89,76,080 from Saanvi Metal Craft for Brass Scrap Honey. Both previous orders were fixed-cost contracts with an execution period of 7 days.

Order Details

The recent contract with Dharma Metalex expands the company's domestic footprint. Earlier, the company also received orders worth ₹1.85 crore from domestic clients, including Metal Scrap India and Bhavya Impex, for the supply of Brass Scrap.

Key Information