Mukul Agrawal-Backed Stock Below Rs 50 Secures Rs 92,11,080 Order; Shares Hit 5% Upper Circuit Near 52-Week Low

On Friday, Indian benchmark indices traded higher, with the Nifty 50 index gaining 0.68 per cent to 24,339.85. Amid the broader market strength, Siyaram Recycling Industries share price was locked in the 5 per cent Upper Circuit at Rs 41.58 after the company announced that it had secured a new domestic order. Despite the recent rally, the stock continues to trade close to its 52-week low of Rs 31.95, compared with its 52-week high of Rs 157.

Siyaram Recycling Industries Secures Rs 92.11 Lakh Order

Siyaram Recycling Industries informed the stock exchanges that it has secured a domestic order worth Rs 92,11,080 from H K Impex for the supply of Brass Scrap Honey.

According to the filing, the order is on a fixed-cost basis and is scheduled to be executed within 15 days. The company also clarified that the promoter or promoter group has no interest in the awarding entity and that the transaction does not qualify as a related-party transaction.

Siyaram Recycling Industries Shareholding Pattern

According to the latest March 2026 shareholding pattern, Ace Investor Mukul Mahavir Agrawal held a 9.64 per cent stake in the company.

During the same period, promoter shareholding stood at 51.12 per cent, while Foreign Institutional Investors (FIIs) held no stake in the company. Domestic Institutional Investors (DIIs) held 0.06 per cent, and public shareholding stood at 48.83 per cent.
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About Siyaram Recycling Industries

Siyaram Recycling Industries Limited is engaged in the recycling, processing and trading of non-ferrous metal scrap, with a primary focus on brass scrap and related products. The company procures, processes and supplies recycled metal products to customers serving engineering, electrical, automotive and other industrial applications.

Based in Jamnagar, Gujarat, the company caters primarily to the domestic market and focuses on converting metal scrap into value-added products through its recycling operations. Its business supports resource conservation by promoting the reuse of non-ferrous metals while supplying raw materials to various manufacturing industries.

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Disclaimer: The article is for informational purposes only and not investment advice.