Siyaram Recycling Industries Limited has announced a significant business development with the securing of a substantial order worth ₹84.74 million (about ₹8.5 crore) for Brass Scrap Honey. This announcement was made pursuant to SEBI listing regulations, highlighting the company's growing business momentum in the recycling sector.
Siyaram Recycling Industries Limited announced that it has secured a noteworthy order totalling ₹84.74 million for Brass Scrap Honey from 2 separate entities. The larger portion of ₹66.08 million comes from Charbhuja Impex, while Om Guru Impex has placed an order worth ₹18.66 million. Both orders are for the same product category, demonstrating strong demand for the company's brass scrap processing capabilities.
The announcement was made by Managing Director Bhavesh Ramgopal Maheshwari pursuant to Regulation 30 of SEBI Listing Regulations, indicating the materiality of this business development for shareholders.
Both contracts are structured as fixed cost arrangements, providing revenue certainty for Siyaram Recycling Industries. The orders are scheduled for execution within 6 months from the contract date, establishing a clear delivery timeline for the brass scrap honey products. The domestic nature of both contracts eliminates foreign exchange risks and ensures straightforward execution within the Indian market framework.
The company has confirmed that neither Charbhuja Impex nor Om Guru Impex have any connection with the promoter, promoter group, or group companies of Siyaram Recycling Industries. Both transactions are conducted at arm's length and do not fall under related party transaction guidelines, ensuring transparency and independence in the business dealings.
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This ₹84.74 million order represents a significant addition to Siyaram Recycling Industries' order book, reinforcing the company's position in the brass scrap recycling market. The dual order structure from separate entities indicates diversified customer relationships and reduces concentration risk. The 6-month execution timeline suggests a steady revenue flow for the upcoming quarters.
On July 28, 2025, Siyaram Recycling Industries share price opened at ₹137.05 on BSE, below the previous close of ₹137.80. During the day, it surged to ₹138.90 and dipped to ₹134.70. The stock is trading at ₹135.30 as of 11:35 AM. The stock registered a moderate decline of 1.81%.
Over the past week, it has declined by 3.67%, over the past month, it has moved up by 7.13%, and over the past 3 months, it has moved up by 6.87%.
Siyaram Recycling Industries Limited's announcement of securing ₹84.74 million worth of orders for Brass Scrap Honey from Charbhuja Impex and Om Guru Impex demonstrates strong business momentum. The fixed cost nature and 6-month execution timeline provide revenue visibility for the company in the recycling sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 28, 2025, 11:55 AM IST
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