Siyaram Recycling Industries Limited has formally announced a key business milestone through a regulatory filing with the Bombay Stock Exchange (BSE). Operating under Scrip Code 544047, the manufacturer has secured a definitive domestic order from Saanvi Metal Craft for the supply of its specialized commercial product, Brass Scrap Honey. The newly bagged contract marks another entry in the company’s continuous order pipeline within the non-ferrous metal and plumbing manufacturing segments.
The contract is structured as a fixed-cost commercial agreement valued at exactly ₹2,63,90,287 (approximately ₹2.64 crores). According to the detailed corporate disclosure, the transaction is entirely straightforward and does not fall under any related party transactions, meaning neither the company’s promoter group nor any interconnected entities hold any structural or financial interest in Saanvi Metal Craft. This ensures the contract reflects a standard, competitive arms-length transaction in the open market.
Operationally, the mandate features an exceptionally tight execution window. The terms specified in the regulatory Annexure state that the entire volume of the order must be processed, fulfilled, and completely executed within a period of seven days. This quick turnaround highlights Siyaram Recycling Industries’ localized manufacturing capabilities at its base in Jamnagar, Gujarat, and underscores its agility in handling high-velocity supply chain demands for brass-based raw materials.
The formal corporate communication was authenticated and signed by the company’s Managing Director, Bhavesh Ramgopal Maheshwari, satisfying all necessary compliance guidelines pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update reflects the enterprise’s steady transactional movement within its core industrial space.