Foods & Inns Limited — Important, 19-05-2025: Disclosure of material issue

Foods & Inns Ltd. has announced a board meeting on May 27, 2025, to consider the financial results for the quarter and half-year.

The company received Rs. 25.08 Cr as the third tranche under the Production Linked Incentive (PLI) scheme for FY 2023-24, after meeting all capex and sales targets. This funding supports their capacity expansion and strategic plans.

However, Rs. 2.84 Cr from earlier PLI tranches remains unpaid. Foods & Inns is actively pursuing these pending dues with authorities.

This steady inflow of incentives confirms strong execution and boosts growth prospects, while unlocking the pending subsidies will improve near-term cash flows.