Monte Carlo Fashions Approves ₹30 Cr Investment in Subsidiary

Monte Carlo Fashions Ltd announced a significant decision from its Board of Directors meeting held on August 5, 2026. The company has approved an investment of up to ₹30 Crores in its wholly-owned subsidiary, MCFL Energy Projects Private Limited. This capital infusion will be utilized for the implementation of an approved solar project under the KUSUM-C Scheme, through subscription to equity shares, preference shares, debentures, or unsecured loans. Additionally, the board approved the standalone and consolidated un-audited financial results for the quarter ended June 30, 2026, along with the limited review report from Deloitte Haskins & Sells. Key management personnel, including Sh. Jawahar Lal Oswal, Smt. Ruchika Oswal, and Smt. Monica Oswal, were re-appointed for further terms, subject to shareholder approval.