Monte Carlo Fashions Re-appoints Directors, Approves Subsidiary Investment
Monte Carlo Fashions Ltd announced the re-appointment of Sh. Jawahar Lal Oswal as Chairman & Managing Director and Smt. Ruchika Oswal and Smt. Monica Oswal as Executive Directors, each for a five-year term effective August 10, 2026. Additionally, Sh. Manikant Prasad Singh and Sh. Parvinder Singh Pruthi were re-appointed as Non-Executive Independent Directors for a second five-year term effective February 1, 2027. These re-appointments are subject to shareholder approval. The board also approved an investment of up to ₹30 crore in its wholly-owned subsidiary, MCFL Energy Projects Private Limited, for its solar project under the KUSUM-C Scheme. The company also approved its standalone and consolidated un-audited financial results for the quarter ended June 30, 2026.
Key Highlights
- Key directors re-appointed for five-year terms, pending shareholder approval.
- Independent directors also re-appointed for a second five-year term.
- Board approves ₹30 crore investment in subsidiary MCFL Energy Projects.
- Unaudited financial results for Q1 FY27 approved.
- Re-appointments and investment are subject to shareholder approval.
Price Impact
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