Mumbai, Oct. 29 -- Siyaram Recycling has secured an international order worth Rs. 172.79 mn from Green Metals FZCO, Dubai, United Arab Emirates, for the supply of brass billets. The company disclosed the order in a filing with the Bombay Stock Exchange under the applicable SEBI listing regulations on 26 October 2026.
The order has been awarded by an international entity and carries a fixed-cost structure. According to the filing, Siyaram Recycling is required to execute the order within 30 days. The company did not provide further operational details regarding the quantities, delivery schedule or destination of the brass billets.
The disclosed order value is Rs. 172.79 mn, inclusive of the amount stated in the company's regulatory submission. The filing identified Green Metals FZCO as the entity awarding the contract and classified the transaction as an international business opportunity for Siyaram Recycling.
Siyaram Recycling also stated that neither its promoter or promoter group nor its group companies have any interest in Green Metals FZCO. It further confirmed that the transaction does not fall within the scope of related-party transactions and is being reported in accordance with the disclosure requirements under Regulation 30 of the SEBI Listing Regulations.
The company's filing was made under the prescribed disclosure framework and included details covering the contracting entity, nature of the order, execution period, consideration and related-party status. The announcement provides no indication of any changes to the company's existing business structure or promoter interests arising from the contract.
Published by HT Digital Content Services with permission from Construction World.