Siyaram Recycling Secures Order Worth Rs 44.59 mn

The disclosure set out particulars required under regulation 30 of the SEBI Listing Regulations and referenced the SEBI circular dated 13 July 2023, with further details provided in an annexure. The annexure specified that the awarder is a domestic entity and that the nature of the contract is fixed cost. It also recorded that the promoter and promoter group have no interest in the entity that awarded the contract. The annexure repeats the total value and execution timeframe as required for public disclosure.

The company confirmed that the transaction does not fall within related party transactions and that it will be executed at arm's length, thereby reflecting a standard commercial arrangement. The disclosure reiterated the total consideration as Rs 44.58748 million (mn) and clarified the timeframe for completion as seven days. The filing was signed and authorised by the managing director, Bhavesh Ramgopal Maheshwari. The filing does not indicate any alteration to the company's governance or shareholding patterns.

The notice requested the exchange to take the intimation on record as part of the routine statutory disclosure and compliance processes. The company presented the information to ensure transparency for stakeholders and to meet obligations under the listing regulations. No change in promoter holdings or related party status was indicated in the disclosure. Stakeholders may refer to the exchange filing for the annexure and supporting information.