Foods & Inns Limited has informed the Exchange about General Updates
FOODSIN · price
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Foods & Inns Limited has received a sanction of ₹33.87 crores from the Ministry of Food Processing Industries (MoFPI), Government of India, under the Production Linked Incentive (PLI) Scheme for FY'25. The incentive covers eligible investments, sales performance, and operational milestones achieved by the company during the year. The company has also confirmed continued eligibility for PLI incentives for an additional two-year period. Management stated that the extended eligibility provides meaningful visibility for medium-term growth plans, with the funds supporting manufacturing capacity, cost competitiveness, and cash flows.
This is a positive development for shareholders as the PLI sanction strengthens the company's cash flows and validates its execution in the food processing sector, though the ₹33.87 crore is a one-time incentive receipt rather than recurring revenue. The continued two-year eligibility adds medium-term earnings visibility.