Siyaram Recycling Industries has announced securing a substantial order worth ₹1,99,60,290 from Anurag Impex for brass scrap honey processing. The company disclosed this development pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, demonstrating compliance with mandatory disclosure requirements for material contracts.

Order Specifications

The contract represents a significant business development for the recycling company, with specific terms outlined in the regulatory filing. The order involves processing of brass scrap honey, a specialized material in the metal recycling industry.

Regulatory Compliance Details

The disclosure follows SEBI guidelines, specifically Regulation 30(4) and SEBI Circular SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that this transaction does not involve any related party arrangements, with no promoter or group company interest in the awarding entity.

Business Impact

This order showcases Siyaram Recycling Industries' operational capabilities in handling substantial processing volumes within compressed timeframes. The 7-day execution schedule demonstrates the company's efficiency in meeting tight client deadlines in the competitive metal recycling sector. The partnership with Anurag Impex reinforces the company's established market position in specialized brass scrap processing operations.

Siyaram Recycling Industries Ltd has secured a noteworthy order worth Rs. 2,04,00,831.00 from Charbhuja Impex for Brass Scrap Honey as per ISRI specifications. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

Order Details and Specifications

The contract involves the supply of Brass Scrap Honey conforming to ISRI standards to Charbhuja Impex, a domestic entity. The order has been structured as a fixed cost arrangement, providing revenue certainty for Siyaram Recycling Industries.

Regulatory Compliance and Related Party Disclosure

The company has confirmed full compliance with SEBI regulations in announcing this order. Importantly, the transaction does not fall under related party dealings, and the promoter group has no interest in Charbhuja Impex, the entity awarding the contract.

Corporate Governance

The announcement was signed by Bhavesh Ramgopal Maheshwari, Managing Director (DIN: 06573087), from the company's Jamnagar location. The filing demonstrates the company's commitment to transparent disclosure practices as required under SEBI listing regulations.

This order represents a significant business development for Siyaram Recycling Industries, reinforcing its position in the metal recycling sector and providing a substantial revenue opportunity over the next six months.