Monthly Update23 Mar 2026, 12:22 pm
Maris Spinners Ltd Receives Rs. 0.53 Crs from Karnataka Government Towards Interest Subsidy
AI Summary
Maris Spinners Ltd has received a partial payment of Rs. 0.53 Crs from the Government of Karnataka against the outstanding claim amount of Rs. 1.26 Crs towards interest subsidy. The Commissioner of Textiles and Director, Bangalore, have released this amount against the total due of Rs. 1,26,30,864/- claimed up to December 2025. This payment is a significant development for the company and its stakeholders.
Key Highlights
- Maris Spinners Ltd receives partial payment of Rs. 0.53 Crs from the Government of Karnataka
- The payment is towards an outstanding claim of Rs. 1.26 Crs for interest subsidy
- The Commissioner of Textiles and Director, Bangalore, have released the payment
- The payment is part of the total due of Rs. 1,26,30,864/- claimed up to December 2025
- This is a positive development for the company and its stakeholders
Price Impact
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