ImportantDisclosure of material issue
**Megastar Foods clarifies major typo in subsidy amount!** Previously announced electricity duty exemption was mistakenly stated as Rs. 881.86 Cr.
Megastar Foods LimitedMEGASTAR · Filed with the exchange
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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