Siyaram Recycling Industries Ltd

History of Siyaram Recycling Industries Ltd

Siyaram Recycling Industries Limited was originally incorporated as a Private Company under the name of 'Siyaram Impex Private Limited' on February 12, 2007 with the Registrar of Companies, Gujarat. Further, the name of the Company was changed from 'Siyaram Impex Private Limited' to 'Siyaram Recycling Industries Private Limited' dated July 27, 2023. Subsequently, it got converted into a Public Limited and the name of Company changed from 'Siyaram Recycling Industries Private Limited' to 'Siyaram Recycling Industries Limited' vide a fresh Certificate of Incorporation dated August 24, 2023 issued by the Registrar of Companies, Ahmedabad. Incorporated in 2007, the Company is primarily engaged in segregation of brass scrap, manufacturing of brass ingots, billets and brass rods and manufacturing of brass based components (plumbing and sanitary parts) such as brass inserts, brass ceramic cartridges (brass spindles), brass valves, extension nipples etc. as per the customer's requirements, from two manufacturing units (Unit-I and Unit-II) located at Village Lakhabaval, in Jamnagar District. The Company manufacture brass ingots, billets and rods through brass scrap from manufacturing unit-II, Jamnagar. Additionally, it supply brass ingots to esteemed customers in India such as Astral Limited, Kajaria Bathware and AGI Greenpac (formerly known as HSIL). It procure brass scrap mainly from international market such as USA, UK, Europe and Middle East. Post procurement, segregation o ...f brass is done at Unit-III located in Jamnagar itself. In December 2023, Company launched the IPO by issuing 49,92,000 equity shares of Rs 10 each and raised a fresh issue of 22.96 Cr.