Intimation of partial receipt of Rs. 0.53 Crs against outstanidng claim amount of Rs. 1.26 Crs towards interest subsidy from Govt of Karnataka
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maris Spinners has received Rs. 53 lakh (Rs. 0.53 Crores) as partial interest subsidy from the Government of Karnataka, against a total claimed amount of Rs. 1.26 Crores for the period up to December 2025. The subsidy was released by the Commissioner of Textiles and Director, Bangalore. This means the company has so far collected about 42% of its total claim, with the remaining Rs. 73.30 lakh still pending receipt.
Positive for short-term cash flow as the company receives a government subsidy, but only a partial settlement leaves more than half the claim still outstanding, which may delay the full benefit. Minor event for shareholders given the small size relative to the company's operations.