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.

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.

Siyaram Recycling Industries Limited has announced a significant business development, securing a new order worth Rs 1.43 crore from The Supreme Industries Limited. This latest contract highlights the company's growing presence in the recycling industry and its ability to attract orders from established players in the market.

Order Details

The order encompasses 1/2" FEMALE INSERT NEW MODIFIED and FEMALE INSERT 1/2" CPVC/AQUA TOPPER products, representing a domestic fixed-cost contract that Siyaram Recycling Industries is expected to fulfill within a six-month timeframe. This development is particularly noteworthy as it does not involve any related party transactions, indicating a purely business-driven arrangement between the two companies.

Company Disclosure

In compliance with regulatory requirements, Siyaram Recycling Industries Limited has formally disclosed this information to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's scrip code on the BSE is 544047. The disclosure was signed by Managing Director Bhavesh Ramgopal Maheshwari (DIN: 06573087).

Market Implications

This order from The Supreme Industries Limited, a well-established name in the industry, could potentially signal confidence in Siyaram Recycling's capabilities and product quality. For investors and market watchers, this development may be seen as a positive indicator of the company's business trajectory and its ability to secure significant contracts in a competitive market landscape.

The successful execution of this order within the stipulated timeframe could further strengthen Siyaram Recycling's position in the market and potentially lead to more such opportunities in the future. However, as with any business contract, the actual impact on the company's financial performance will depend on various factors, including efficient execution and cost management.

Investors and stakeholders will likely keep a close eye on Siyaram Recycling Industries' performance in fulfilling this order and any subsequent developments that may arise from this business relationship with The Supreme Industries Limited.