Intimation Regarding Receipt of Installment of subsidy.
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Parvati Sweetners and Power has received a yearly subsidy installment of Rs. 1.62 crore from the Madhya Pradesh Industrial Development Corporation (MPIDC) under the state's Investment Promotion Assistance (IPA) scheme. The company is entitled to a total subsidy of Rs. 11.37 crore, which is being released in seven equal installments of Rs. 1.62 crore each. This is the first installment received, based on the acceptance order dated August 5, 2024. Six more installments remain to be received over the coming years.
Positive cash flow development as the company receives a government subsidy for its investment in Madhya Pradesh, though the amount is relatively modest. Investors should note that six more installments of equal size are expected, providing predictable support to future cash flows.