StockWatch
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Garments & Apparels
Board Meeting5 Aug 2026, 09:11 pm

Monte Carlo Fashions Board Approves Financial Results & Reappointments

AI Summary

Monte Carlo Fashions Ltd announced the outcome of its Board Meeting held on August 5, 2026. The board approved the Standalone and Consolidated Un-Audited Financial Results for the Quarter ended June 30, 2026, along with the Limited Review Report. Key management reappointments were also approved: Sh. Jawahar Lal Oswal as Chairman & Managing Director, Smt. Ruchika Oswal and Smt. Monica Oswal as Executive Directors, and Sh. Manikant Prasad Singh and Sh. Parvinder Singh Pruthi as Non-Executive Independent Directors, all for further terms subject to shareholder approval. Additionally, the company approved an investment of up to ₹30 Crores in its wholly-owned subsidiary, MCFL Energy Projects Private Limited.

Key Highlights

  • Board approved Q1 FY27 Un-Audited Financial Results.
  • Chairman & MD reappointed for five years.
  • Two Executive Directors reappointed for five years.
  • Two Independent Directors reappointed for five years.
  • Approved ₹30 Crore investment in subsidiary MCFL Energy Projects.