Siyaram Recycling Industries Secures ₹1.73 Crore Order from Dharma Metalex

Siyaram Recycling Industries Limited has announced securing a substantial purchase order worth ₹1,72,72,368.00 from M/s. Dharma Metalex, Jamnagar, according to a regulatory filing. The order represents a significant business development for the recycling company in the non-ferrous metals sector.

Order Details and Specifications

The purchase order encompasses the supply of 25.68 tons of brass scrap specifically for the domestic market. The contract has been awarded by a domestic entity, reinforcing the company's position in the local recycling market.

Parameter	Details
Order Value	₹1,72,72,368.00
Client	M/s. Dharma Metalex, Jamnagar
Product	Brass Scrap
Quantity	25.68 tons
Market	Domestic

Corporate Governance and Compliance

The company has disclosed that the promoter/promoter group/group companies have no interest in the entity that awarded the order, ensuring transparency in the transaction. This confirmation aligns with corporate governance standards and maintains the independence of the business relationship.

Regulatory Compliance

The order intimation has been filed in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, and SEBI Circular SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 dated July 13, 2023. The disclosure was signed by Bhavesh Ramgopal Maheshwari, Managing Director (DIN: 06573087), from the company's registered office in Jamnagar, Gujarat.

This order win demonstrates Siyaram Recycling Industries' continued engagement in the brass scrap recycling business and its ability to secure substantial contracts in the domestic market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.13%	-6.90%	-24.07%	-54.29%	-62.90%	-3.03%

Siyaram Recycling Industries Limited has announced securing a substantial purchase order worth ₹1.75 crores from M/s. Anurag Impex, Jamnagar. The company informed BSE Limited about this development in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Order Details

The purchase order encompasses specific terms and conditions for the supply of recycled materials to the domestic market.

Parameter	Details
Client	M/s. Anurag Impex, Jamnagar
Order Value	₹1,75,23,000
Product	25 tons of Brass Scrap Honey
Market Type	Domestic Entity

Regulatory Compliance

Siyaram Recycling Industries has fulfilled its disclosure obligations under SEBI regulations, providing comprehensive details about the order. The announcement was made by Bhavesh Ramgopal Maheshwari, Managing Director (DIN: 06573087), from the company's registered office in Jamnagar, Gujarat.

Key regulatory aspects of the order include:

No promoter or group company interest in the awarding entity
The transaction does not fall within related party transactions
Full compliance with SEBI Circular SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 dated July 13, 2023

Company Background

Siyaram Recycling Industries Limited, formerly known as Siyaram Impex Pvt. Ltd., operates in the sustainability and recycling sector with the motto "Sustainability Today, Tomorrow & Forever." The company is listed on BSE with scrip code 544047 and trades under the symbol SIYARAM.

This order represents a significant business development for Siyaram Recycling Industries, reinforcing its position in the non-ferrous metals recycling market and demonstrating continued demand for its brass scrap processing capabilities.