Monte Carlo Fashions Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
MONTECARLO · price
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Monte Carlo Fashions Limited held its 17th Annual General Meeting on September 29, 2025, at 11:00 AM via video conference, chaired by Chairman and Managing Director Jawahar Lal Oswal. All directors, the CFO, and representatives of statutory and secretarial auditors (Deloitte Haskins & Sells and P.S. Dua & Associates) were present; both audit reports were issued without any qualifications or adverse observations. Seven resolutions were transacted, including adoption of the standalone and consolidated audited financial statements for FY ended March 31, 2025, declaration of a dividend on equity shares, re-appointment of directors Monica Oswal and Ruchika Oswal (retiring by rotation), appointment of secretarial auditors, and a special resolution to increase the overall and individual limits of managerial remuneration payable to executive directors. Two shareholder speakers raised queries during the meeting, which were addressed by management, and all seven resolutions were passed with the requisite majority.
Routine AGM proceedings with all resolutions approved, including a dividend declaration for FY25 and an increase in executive director remuneration limits — the remuneration hike may draw investor attention but is unlikely to materially affect the stock. The clean audit reports and smooth conduct of the meeting reflect stable governance with no negative surprises for shareholders.