Investment in MCFL Energy Projects private Limited- wholly owned subsidary company
MONTECARLO · price
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Monte Carlo Fashions has made an additional investment of Rs 40 lakh (₹4,000,000) in its wholly owned subsidiary, MCFL Energy Projects Private Limited, by allotting 4,00,000 equity shares of Rs 10 each. The total cumulative investment in the subsidiary now stands at Rs 50 lakh (₹5,000,000). The subsidiary, incorporated on January 19, 2026, operates in the renewable energy sector focused on solar power generation. It plans to execute solar PV-based power projects pursuant to Letters of Award received from Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) under the PM KUSUM-C Scheme. The subsidiary is 100% owned by Monte Carlo Fashions, and the transaction is not a related party transaction as no promoter interest exists.
This is a strategic diversification move into renewable energy/solar power. The investment amount of Rs 50 lakh is modest relative to Monte Carlo's likely revenue scale, representing a small strategic bet on green energy. The deal carries no immediate financial risk as it is fully owned and non-related.