Siyaram Recycling Industries Limited has made a substantial leap in its international business journey by securing a major export order valued at USD 434,250 (approx. INR 3.65 crore) from Green Metals FZCO, a Dubai-based firm. As per SEBI’s Regulation 30 and updated guidelines, the company issued a formal disclosure to inform stakeholders and ensure transparency about this pivotal contract.

This contract mandates Siyaram Recycling Industries to deliver 75 tons of Brass Billets to China within a tight timeframe of 30 days. This achievement signals the company’s commitment to expanding its global footprint in the recycling and metals sector while adhering to compliance guidelines under the SEBI Listing Regulations, 2015.

In a fast-evolving metals export market, Siyaram Recycling’s contract with Green Metals FZCO reflects its growing influence and capability to cater to international clients. The contract terms stipulate a clear timeline and quality standards, reinforcing Siyaram’s reputation as a reliable supplier in the recycling sector.

Key Elements of the Contract:

The detailed contract, outlined in Annexure A, highlights that:

1. The order was awarded by an international entity, underscoring Siyaram’s growing global outreach.
2. Significant order specifications include the export of high-quality Brass Billets, destined for the Chinese market.
3. All transactions are managed at an arm's length, ensuring compliance with international trade regulations.

This development showcases Siyaram’s strategic approach toward sustainable growth in international markets, aligning with its core values and operational expertise in recycling. The expansion of business alliances, like the one with Green Metals FZCO, affirms Siyaram’s strategy of establishing robust global partnerships.

With transparency as a core principle, Siyaram Recycling Industries continues to follow strict compliance measures as part of the SEBI Listing Obligations, maintaining credibility and stakeholder trust in its operational ventures.