In continuation to our intimation dated 08.09.2025, the Commissioner of Textiles and Director, Bangalore has released the balance capital subsidy of Rs.2797227/- and the same is credited ....
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Awaiting price reaction for this filing.
Maris Spinners has received the final balance capital subsidy of Rs. 2.80 crore (Rs. 2,79,72,227) from the Commissioner of Textiles and Director, Bangalore. With this release, the entire sanctioned capital subsidy of Rs. 5.74 crore (Rs. 5,74,06,057) has been fully received by the company. This is a follow-up to the company's earlier intimation dated 08.09.2025 regarding the subsidy. The receipt was communicated to the BSE on 11 September 2025.
Positive for the company's cash flow and working capital position, as the full government capital subsidy is now in hand. The amount is modest, so the market reaction is likely to be limited, but it removes any pending uncertainty around the subsidy receipt.