Foods & Inns Limited has informed regarding Disclosure of material issue

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FOODSIN · price

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Price reactionminutes from the announcement price · days from the prior close

+17.0%Reaction day

₹93.50

prior close

₹108.24

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.2%+15.8% vs market

Packaged Foods peers, median of 33sector+0.1%+16.9% vs sector

On the reaction day the stock moved 15.8 pts more than Nifty Microcap 250 and 16.9 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+1.7

15m

+1.6

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+17.0+1.2+15.8+0.1+16.9

Next day

+8.8+0.1+8.7-1.2+10.0

+7.1+0.9+6.2-0.2+7.2

+7.0+0.8+6.2-0.2+7.2

+4.6+1.4+3.2-0.3+4.9

+4.5+2.0+2.5+0.5+4.0

+2.6+2.3+0.4+0.0+2.6

15d

+3.5+5.2-1.6+2.6+1.0

+4.9+1.6+3.4-1.0+5.9

+23.6+7.7+16.0+3.4+20.3

-1.1+4.0-5.0-2.6+1.5

UpDownMarket · Nifty Microcap 250Sector · Packaged Foods peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Foods & Inns Limited has received sanction for the 3rd tranche of its Production Linked Incentive (PLI) subsidy of Rs. 25.08 Crores from the Government of India, pertaining to FY 2023-24 performance. The company has successfully met all eligibility criteria under the scheme, including the committed capital expenditure and sales revenue targets declared in its original application. Management also highlighted that the company has already met the required sales thresholds for FY 2024-25 under the PLI guidance formula, indicating strong execution. Additionally, a 10% portion of earlier tranches — Rs. 1.09 Crores for FY 2021-22 and Rs. 1.75 Crores for FY 2022-23 — remains pending disbursement, and the company is following up with authorities for release.

Likely market impact

Positive for shareholders — the Rs. 25.08 Crore incentive strengthens cash flows and reflects the company's strong operational and sales performance, while pending dues of around Rs. 2.84 Crores could provide further upside if released. The news signals continued government backing for the food processing business.