Siyaram Recycling Secures ₹2.64 Crore Order; Shares Slip 0.61%

Mumbai August, 10: Siyaram Recycling Industries Ltd has received a ₹2.64 crore order from Dharma Metalex for the supply of brass scrap honey, giving the company another near-term order in its core metal recycling business.

As per the company’s exchange filing, the order is valued at ₹2,64,43,275 and has been awarded by a domestic customer. It is a fixed-cost contract, with the company required to execute the order within seven days.

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations. The filing identifies Dharma Metalex as the awarding entity and describes the order as part of Siyaram Recycling’s normal course of business.

There is no promoter connection attached to the order. The company said neither its promoter nor promoter group has any interest in Dharma Metalex. It also confirmed that the transaction does not fall within the related-party transaction framework.

Stock Market Snapshot

The fresh order did not immediately translate into a stronger stock price on Monday.

As of 2:53 PM IST on August 10, 2026, the Siyaram Recycling share price stood at ₹39.09, down ₹0.24 or 0.61%, based on the market data shown alongside the filing.

The stock had a fairly uneven session. It started above ₹40, but selling pressure pushed it down towards the ₹38.30 area during the morning. There was a recovery later, with the stock briefly moving back towards ₹39.45 before giving up part of those gains.

By the latest timestamp, the shares were holding around ₹39.09. In other words, the market’s first reaction to the order was fairly restrained.

Company Background

Siyaram Recycling Industries operates in the metal recycling business, handling and supplying recyclable metal materials for industrial use.

The latest order fits squarely within that existing business. Brass scrap honey is the specific material covered by the contract, while the short seven-day execution period points to a relatively quick order cycle rather than a long-duration project.

The company has not indicated any change in its business model or operating strategy as a result of the order. The filing also does not disclose any related-party element or promoter interest in the customer.

Conclusion

For Siyaram Recycling Industries, the ₹2.64 crore Dharma Metalex order is a straightforward addition to its existing order flow, with the company expected to complete the supply within a week.

The value is meaningful in the context of a short execution window, although the filing does not suggest that the contract changes the company’s broader business outlook. Investors will likely focus on how quickly the order is executed and whether similar customer wins follow.

For now, the market response remains measured. The Siyaram Recycling share price was ₹39.09 as of 2:53 PM IST, down 0.61% on the day.

Source:

• https://www.bseindia.com/stock-share-price/siyaram-recycling-industries-ltd/siyaram/544047
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/edd5307d-982b-4db2-ac07-088c03f10322.pdf