Param Value Investments has reduced its shareholding in Siyaram Recycling Industries Ltd. from 10.097% to 6.138% through the sale of 8,62,500 shares via open market transactions between February 25-April 22, 2026. The divestment, conducted through partner Mukul Agrawal, represents a 3.958% reduction in the Mumbai-based investment firm's stake in the Gujarat-based recycling company. The transaction was disclosed under SEBI regulations, with Siyaram Recycling's total equity capital remaining unchanged at 2,17,89,212 shares worth Rs. 21,78,92,120/-.

Param Value Investments Reduces Stake in Siyaram Recycling Industries to 6.138%

Param Value Investments has filed a disclosure with BSE Limited regarding the substantial reduction of its shareholding in Siyaram Recycling Industries Ltd. The Mumbai-based investment firm, operating through its partner Mukul Agrawal, completed the divestment through open market transactions between February 25, 2026 and April 22, 2026.

Transaction Details

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011 reveals the following transaction specifics:

Parameter Details Shares Sold 8,62,500 Transaction Value (%) 3.958% Transaction Period February 25, 2026 to April 22, 2026 Mode of Sale Open Market Stock Exchange BSE Limited

Shareholding Changes

The transaction resulted in a significant reduction in Param Value Investments' stake in the Gujarat-based recycling company:

Holding Period Number of Shares Percentage Holding Before Transaction 22,00,000 10.097% Shares Sold 8,62,500 3.958% After Transaction 13,37,500 6.138%

Company Information

Siyaram Recycling Industries Ltd. is listed on BSE Limited with scrip code 544047. The company is headquartered in Jamnagar, Gujarat, with operations focused on recycling activities. The firm's registered office is located at Plot No. 6 & 7, Village Lakhavaval, Post: Khodiyar Colony, Jamnagar, Gujarat 361006.

Capital Structure

The target company's equity structure remained unchanged following the transaction:

Capital Details Specification Total Equity Shares 2,17,89,212 Face Value per Share Rs.10/- Total Share Capital Rs. 21,78,92,120/- Diluted Share Capital Rs. 21,78,92,120/-

Param Value Investments confirmed that it does not belong to the promoter or promoter group of Siyaram Recycling Industries Ltd. The disclosure was signed by Mukul Agrawal as partner of Param Value Investments and filed from Mumbai on April 23, 2026.

Siyaram Recycling Industries Ltd has secured a significant order worth Rs. 2,06,64,750 from Dharma Metalex for the supply of brass ingots. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

Order Details and Terms

The order represents a noteworthy business achievement for the Jamnagar-based recycling company. The contract has been structured with specific terms designed for efficient execution and delivery.

Parameter: Details Client: Dharma Metalex Order Value: Rs. 2,06,64,750 Product: Brass Ingots Contract Type: Fixed cost Execution Timeline: Within 7 Days Market: Domestic

Regulatory Compliance and Transparency

The company has provided comprehensive details pursuant to SEBI Listing Regulations, 2015 and SEBI Circular SEBI/HO/CFD/CFD-Pod-1/P/CIR/2023/123 dated July 13, 2023. The disclosure ensures full transparency regarding the nature and terms of the contract.

Key compliance aspects include:

The order has been awarded by a domestic entity

No promoter or promoter group companies have any interest in Dharma Metalex

The transaction does not fall within related party transactions

The contract follows arm's length pricing principles

Business Significance

This order demonstrates Siyaram Recycling Industries' capabilities in the brass ingot manufacturing segment. The seven-day execution timeline indicates the company's operational readiness and efficient production capabilities. The fixed-cost nature of the contract provides revenue certainty for the company.

Company Background

Siyaram Recycling Industries Ltd, formerly known as Siyaram Impex Pvt. Ltd., operates under the tagline "Sustainability Today, Tomorrow & Forever!" The company is based in Jamnagar, Gujarat, and focuses on recycling and metal processing operations. The announcement was signed by Managing Director Bhavesh Ramgopal Maheshwari on April 17th, 2026.

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