Monte Carlo Fashions Limited has informed the Exchange about investment in MCFL Energy Projects Private Limited, Wholly Owned Subsidiary Company
MONTECARLO · price
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Monte Carlo Fashions has invested an additional Rs 40 lakh in its wholly-owned subsidiary MCFL Energy Projects Private Limited, bringing total investment to Rs 50 lakh. The subsidiary was incorporated on January 19, 2026 and will focus on solar power generation and related activities. It has received Letters of Award from Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) under the PM KUSUM-C Scheme for executing solar PV-based power projects. This represents a diversification into renewable energy, which is outside Monte Carlo's main fashion and garments business. The investment was made at face value of Rs 10 per share, acquiring 4 lakh equity shares.
This is a strategic diversification into renewable energy through a wholly-owned subsidiary. The investment size (Rs 50 lakh) is relatively small relative to Monte Carlo's likely scale, so near-term financial impact on the parent company is minimal. However, it signals the company's intent to explore new business areas beyond fashion.