News Orders & Deals Siyaram Recycling Industries Secures Rs. 2.04 Crore Order from Charbhuja ImpexSiyaram Recycling Industries Secures Rs. 2.04 Crore Order from Charbhuja Impex
Siyaram Recycling Industries Ltd announced securing an order worth Rs. 2,04,00,831.00 from domestic entity Charbhuja Impex for supply of Brass Scrap Honey conforming to ISRI standards. The fixed cost contract is to be executed within 6 months and does not involve any related party transactions.
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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.
| Parameter: | Details |
|---|---|
| Awarding Entity: | Charbhuja Impex |
| Order Value: | Rs. 2,04,00,831.00 |
| Product: | Brass Scrap Honey (ISRI specifications) |
| Contract Type: | Fixed cost |
| Execution Timeline: | Within 6 months |
| Entity Type: | Domestic |
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.
Historical Stock Returns for Siyaram Recycling Industr
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.10% | -9.30% | +1.41% | -55.37% | -59.53% | -12.64% |
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