Nature of the Event
The disclosure is a mandatory regulatory filing concerning a new contract award.
Key Quantitative Figures
The company has secured an order worth ₹1,33,32,466 (Rupees One Crore Thirty Three Lakh Thirty Two Thousand Four Hundred Sixty Six Only).
Parties Involved
The order has been awarded to Siyaram Recycling Industries Ltd by Saanvi Metal Craft.
Significant Terms and Conditions
The order is for the supply of Brass Scrap Honey. It is a fixed cost contract and is classified as a domestic order.
Execution Timeline
The order is to be executed within 7 Days from the date of the disclosure.
Related Party Transaction Status
The company has confirmed that the promoter/promoter group/group companies have no interest in Saanvi Metal Craft. Furthermore, the transaction does not fall within related party transactions and is conducted at arm's length.