Monte Carlo Fashions Ltd Approves ₹30 Cr Investment in Subsidiary

Monte Carlo Fashions Ltd announced that its Board of Directors, in a meeting held on August 5, 2026, approved an investment of up to ₹30 Crores in its wholly-owned subsidiary, MCFL Energy Projects Private Limited. This investment, to be made through subscription to equity shares, preference shares, debentures, or unsecured loans, is intended for the implementation of an approved solar project under the KUSUM-C Scheme. The board also approved the standalone and consolidated un-audited financial results for the quarter ended June 30, 2026, along with the limited review report. Additionally, 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.