Approval for Investment in the equity shares of wholly owned subsidary company- MCFL energy Projects Private Limited
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Monte Carlo Fashions' Board approved investment of up to Rs 50 lakhs in its wholly owned subsidiary MCFL Energy Projects Private Limited, incorporated in January 2026 for solar power generation. The Board also approved standalone and consolidated audited financial results for FY2026 (year ended March 31, 2026), with standalone net profit after tax of Rs 11,173 lakhs, up from Rs 7,980 lakhs in FY2025, and standalone revenue from operations of Rs 1,27,591 lakhs vs Rs 1,10,041 lakhs. An unmodified audit opinion was issued by Deloitte Haskins & Sells. A final dividend of Rs 20 per share (200%) was recommended, subject to shareholder approval. New internal auditors (S. Tandon & Associates) and tax auditors (Deloitte) were also appointed.
The Rs 50 lakh investment in the solar energy subsidiary is modest and exploratory in nature; it signals the company's diversification into renewable energy but is too small to materially impact financials or shareholder value in the near term.