Siyaram Recycling wins ₹2.34 crore order from Dharma Metalex
Siyaram Recycling Industries Ltd has secured a new domestic order worth ₹2.34 crore from Dharma Metalex for Brass Scrap Honey, to be executed within 15 days. This adds to previous contracts worth ₹7.03 crore from Green Metals FZCO and Saanvi Metal Craft. All orders are fixed-cost contracts and are not related party transactions.
*this image is generated using AI for illustrative purposes only.
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
| Parameter | Dharma Metalex Order | Green Metals FZCO Order | Saanvi Metal Craft Order |
|---|---|---|---|
| Client | Dharma Metalex | Green Metals FZCO | Saanvi Metal Craft |
| Order Value | ₹2,34,03,750 | ₹4,13,70,317.23 | ₹2,89,76,080 |
| Product | Brass Scrap Honey | Brass Billets | Brass Scrap Honey |
| Nature | Fixed cost | Fixed cost | Fixed cost |
| Entity Type | Domestic | International | Domestic |
| Execution Period | Within 15 Days | Within 7 Days | Within 7 Days |
| Related Party Transaction | No | No | No |
Historical Stock Returns for Siyaram Recycling Industr
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.68% | -1.56% | +15.39% | -17.06% | -72.26% | -31.06% |
How will the rapid execution timelines of 7 to 15 days impact the company's operational efficiency and profit margins?
Does the increase in domestic orders suggest a strategic shift away from international markets?
What is the company's outlook for securing additional orders in the current fiscal quarter?
17
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
