Monte Carlo: Board re-appointments, Rs 30 Cr solar investment, Q1 loss
MONTECARLO · price
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Monte Carlo Fashions board re-appointed Chairman Jawahar Lal Oswal as CMD for 5 years till Aug 2031, along with Executive Directors Ruchika Oswal and Monica Oswal, and two Independent Directors for second terms. Board also approved Rs 30 Cr investment in wholly-owned subsidiary MCFL Energy Projects for a solar project under PM KUSUM-C scheme. Q1 FY27 standalone revenue rose 7.6 percent to Rs 149 Cr but loss widened to Rs 23.5 Cr. AGM on Sep 28, 2026.
Continuity at top with promoter family intact. Seasonal Q1 loss widened despite revenue growth. Solar foray diversifies but adds Rs 30 Cr cash outflow.