Megastar Foods Limited — Important, 16-06-2026: Disclosure of material issue
16-06-2026 | 04:20 pm
16-06-2026 | 04:20 pm
**Megastar Foods clarifies major typo in subsidy amount!** Previously announced electricity duty exemption was mistakenly stated as Rs. 881.86 Cr. The *correct* amount is Rs. 88.68 Cr, spread over 15 years. This Punjab gov't subsidy will still reduce operating costs and boost profitability, but the long-term financial impact is significantly less than initially miscommunicated. Company confirmed it was a simple typo and promptly corrected the disclosure. #MFLLtd #InvestorAlert
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