Megastar Foods Limited — Important, 15-06-2026: Disclosure of material issue
15-06-2026 | 09:02 pm
15-06-2026 | 09:02 pm
**Megastar Foods (MEGASTAR)** has received a significant incentive from the Punjab government. The company secured a 100% exemption from electricity duty for 15 years, starting November 18, 2024, or until 100% of its Fixed Capital Investment of ₹88.68 Cr is covered, whichever comes first. Additionally, MEGASTAR is eligible for further incentives up to ₹881.86 Cr.
**Impact for investors:** This exemption is set to significantly reduce MEGASTAR's operating costs, directly boosting profitability over the next 15 years. A clear positive for the company's financial outlook. #MEGASTAR #BusinessUpdate
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