Siyaram Recycling Secures Domestic Order For Brass Scrap

04 Jun 2026 CW Team

Siyaram Recycling Industries Ltd (the company) has informed the BSE that it has secured an order from Charbhuja Impex for the supply of brass scrap. The intimation was submitted under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements and referred to the SEBI circular dated July 13, 2023. The notice recorded the managerial approval and signature of the managing director on 1 June 2026.

The order has a total contract value of Rs 9.56 mn and is described as a fixed cost engagement to be executed domestically. The company stated that the contract is to be fulfilled within seven days from the date of the notice. The supply relates specifically to brass scrap and the buyer is based in India.

The filing sets out that neither the promoter nor the promoter group has any interest in the purchaser and that the transaction does not qualify as a related party transaction. The entry characterises the contract as material for immediate operational processing but not linked to group affiliates. The company has requested that the exchange take the intimation on record.

The itemised disclosure follows the format prescribed under applicable listing regulations and provides concise terms including nature, value and execution timeline. The managing director Bhavesh Ramgopal Maheshwari authorised the communication from Jamnagar on 1 June 2026. Market participants will note the short execution window and fixed cost nature when assessing near term operational activity.

The company indicated that the order will be processed through its existing supply chain and that dispatch and invoicing will follow standard commercial terms. The disclosure confirms adherence to corporate governance obligations and aims to provide investors with timely information on transaction size and execution timeline. No further financial impact was quantified in the filing and the company will update the exchange if there are material developments.

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