Lehar Footwears Ltd receives GoI approval for capital subsidy

Lehar Footwears Limited has received approval from Government of India for a capital subsidy of Rs. 2.93 crores against the purchase of Plant and machinery and Dies and Moulds which were purchased during the year 2021 to 2024 as per the guidelines under the scheme of 'Integrated Development of Leather Sector Scheme' a subscheme of Indian Footwear and Leather Development Programme (IFLDP). The company will receive Rs. 1.33 Crore out of Rs.2.93 crore under self-financing Scheme and Rs.1.60 Crore under the bank borrowing scheme. Bank borrowing scheme amount of Rs.1.60 Crore will be deposited by the company under the loan account for the repayment of Loan taken from SIDBI against the purchase of Plant and Machinery and Dies and Moulds.

Shares of Lehar Footwears Ltd was last trading in BSE at Rs. 285.60 as compared to the previous close of Rs. 289.65. The total number of shares traded during the day was 41325 in over 369 trades.

The stock hit an intraday high of Rs. 297.00 and intraday low of 280.10. The net turnover during the day was Rs. 11860636.00.

Source : Equity Bulls

Keywords

LeharFootwears INE976H01018 CapitalSubsidy