Siyaram Recycling Industries Ltd Secures ₹2.64 Crore Brass Scrap Order; Shares Gain 2%

Mumbai, May 22: Siyaram Recycling Industries said it has received a domestic order worth ₹2.64 crore from Saanvi Metal Craft for the supply of Brass Scrap Honey, according to a regulatory filing submitted to the stock exchange.

The company said the order has been awarded on a fixed-cost basis and is expected to be executed within seven days.

According to the filing, the contract was received in the ordinary course of business and does not involve any related-party transactions. The company also clarified that promoter group entities have no interest in the awarding customer.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

While the order size is relatively modest, it adds to the company’s ongoing execution pipeline and reflects continued demand in the recycled non-ferrous metals segment.

Stock Market Snapshot

Siyaram Recycling share price rose 2.10% to ₹35.90 on the BSE as of 11:05 AM IST on May 22, 2026.

The stock traded between ₹35.01 and ₹36.74 during the session, according to exchange data. The previous close stood at ₹35.16.

Market participants tracked the order announcement as an indication of continued demand in the recycled brass materials segment.

Recycling Industry Continues To See Demand Growth

Demand for recycled brass and non-ferrous metal products has remained steady across manufacturing and industrial sectors, driven by cost optimisation and sustainability-related sourcing trends.

Companies operating in the recycling ecosystem have increasingly benefited from rising industrial consumption and growing emphasis on circular economy practices.

For Siyaram Recycling Industries Ltd, repeat order inflows and short-cycle contracts remain important for maintaining operational throughput and working capital efficiency.

About The Company

Siyaram Recycling Industries Ltd operates in the metal recycling and processing business, focusing primarily on non-ferrous scrap and recycled metal products.

The company is engaged in sourcing, processing and supplying recycled brass and related materials for industrial and manufacturing applications in domestic markets.

Its operations are linked to the broader recycled metals supply chain, which continues to see demand from engineering, electrical and industrial product manufacturers.

Conclusion

The ₹2.64 crore order from Saanvi Metal Craft strengthens Siyaram Recycling Industries Ltd’s near-term order pipeline and highlights continued demand for recycled brass materials.

Although relatively small in value, the contract supports ongoing business momentum and contributed to positive sentiment in the stock during Friday’s trading session.

Source:

• https://www.bseindia.com/stock-share-price/siyaram-recycling-industries-ltd/siyaram/544047
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/0f0fc264-69b1-4eab-9a0a-5688e84b15b8.pdf