We have received our 3rd subsidy installment out of four equal installment of Rs. 15.65 lakhs.
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Fluidomat Ltd has received the 3rd installment of Rs. 15.65 lakhs from the District Trade & Industry Center, Dewas, under the Madhya Pradesh MSME Protsahan Yojna-2021 scheme. The total approved subsidy is Rs. 62.60 lakhs, split into four equal installments of Rs. 15.65 lakhs each, based on an acceptance order dated 23rd August 2022. One final installment of Rs. 15.65 lakhs remains to be received. The amount is a state government incentive under an MSME promotion scheme, not related to any new business or order.
This is a minor, routine subsidy receipt with negligible impact on the company's financials or stock price. Shareholders should view it as a small positive cash inflow already largely anticipated by the company.