Monte Carlo Fashions Limited Announces Key Leadership Reappointments and Up to ₹30 Crore Investment in Renewable Energy Subsidiary
Monte Carlo Fashions Limited (MCFL) held its Board of Directors meeting on August 5, 2026, during which it approved the un-audited financial results for the quarter ended June 30, 2026. The board also finalized several significant appointments and sanctioned an investment in its wholly-owned subsidiary dedicated to solar energy projects.The company's management reviewed the interim results, and the Board took note of the performance data provided by M/s Deloitte Haskins & Sells, Statutory Auditors.
Key Personnel Appointments
During the meeting, the Board approved the re-appointment of several senior executives and independent directors for extended terms:- Sh. Jawahar Lal Oswal: Was re-appointed as Chairman and Managing Director for a further five years, effective from August 10, 2026. Sh. Oswal, who is one of the Promoters and holds 1,05,059 equity shares, is noted as an industry veteran with over five decades of experience in the textile and apparel industry.
- Smt. Ruchika Oswal: Was re-appointed as Executive Director for five years, effective from August 10, 2026. Smt. Oswal, a Promoter holding 5,15,838 equity shares, brings over 25 years of experience in garment manufacturing and designing to the company.
- Smt. Monica Oswal: Was re-appointed as Executive Director for five years, effective from August 10, 2026. Smt. Oswal, who is also a Promoter with 5,15,837 equity shares, has expertise in retail operations, branding, and advertisement.
- Independent Directors: The company also approved the re-appointment of Sh. Manikant Prasad Singh as a Non-Executive Independent Director for five years, effective from February 1, 2027. Additionally, Sh. Parvinder Singh Pruthi was re-appointed as a Non-Executive Independent Director for a second term of five years, also beginning February 1, 2027.
Strategic Investment in Energy Sector
The Board approved an investment up to ₹30 crores (Rupees Thirty Crores Only) into MCFL Energy Projects Private Limited. This fully owned subsidiary is engaged in generation and supply of solar energy. The funding mechanism includes subscription to equity shares, preference shares and/or debentures, or through an unsecured loan tranche. The investment aims to support the operations and future growth plans of the subsidiary in its solar project under the KUSUM-C Scheme.Quarterly Financial Performance Review
The Standalone Unaudited Financial Results for the quarter ended June 30, 2026, show a summary of financial metrics across several periods.| Particulars | Q Ended June 30, 2026 (Unaudited) | Q Ended March 31, 2026 (Unaudited) | Q Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations / Other income | 14,904 | 28,030 | 13,853 | 1,27,591 |
| Total Income (A) | 1,045 | 802 | 1,043 | 3,614 |
| Total Revenue (1+2) | 15,949 | 28,832 | 14,896 | 1,31,205 |
| Total Expenses | 4,246 | 5,946 | 3,767 | 20,557 |
| Profit before tax (A-B) | (3,179) | 488 | (2,370) | 13,673 |
| Profit after tax | (831) | (16) | (546) | 3,500 |
| Loss/(Profit) after tax | (2,348) | 504 | (1,632) | 11,173 |
Consolidated Financial Snapshot
The Consolidated Unaudited Financial Results for the quarter ended June 30, 2026, reflect the performance of Monte Carlo Fashions Limited and its subsidiaries, including MCFL Ventures Limited and MCFL Energy Projects Private Limited.| Particulars | Q Ended June 30, 2026 (Unaudited) | Q Ended March 31, 2026 (Unaudited) | Q Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations / Other income | 14,904 | 28,030 | 13,853 | 1,27,591 |
| Total Income (A) | 1,046 | 803 | 1,044 | 3,620 |
| Total Revenue (1+2) | 15,950 | 28,833 | 14,897 | 1,31,211 |
| Total Expenses | 4,251 | 5,951 | 3,767 | 20,564 |
| Profit before tax (A-B) | (3,171) | 496 | (2,157) | 14,719 |
| Profit after tax | (829) | 503 | (1,622) | 11,206 |
The Group operates in one reportable business segment: manufacturing and trading of textile garments, primarily in India.
MONTECARLO Stock Price Movement
Monte Carlo Fashions Limited shares shed 6.46% in live trading as of 2:36 PM, currently holding at ₹503.4. The stock saw significant activity, with total traded volume reaching 314,738 shares and the price hovering near the day's low of ₹495.15.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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