Company Update

Lehar Footwears Limited has announced that it received government approval for a capital subsidy of Rs. 2.93 Cr under the Integrated Development of Leather Sector Scheme for plant, machinery, and moulds purchased between 2021 and 2024. Of this, Rs. 1.33 Cr comes from a self-financing scheme, and Rs. 1.60 Cr from a bank borrowing scheme.

The Rs. 1.60 Cr under the bank scheme will be deposited to repay the loan taken from SIDBI for the related purchases.

This support improves the company’s capital efficiency and loan servicing.