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Monte Carlo Fashions informs about outcome of board meeting

30 Nov 2018 Evaluate

Monte Carlo Fashions has informed that, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Board of Directors in their meeting held on November 30, 2018, have approved the proposal for Buy-Back, by the Company, of fully paid-up equity shares of face value of Rs 10 each not exceeding 1,000,000 Equity Shares having face value of Rs 10 each (representing 4.60% of the total paid up Equity Share Capital of the Company) at a maximum price of Rs 550 per share for an aggregate maximum amount of Rs 550,000,000 which represents 10.46% of the aggregate of the Companys paid-up Share capital & free reserves as per the latest audited financial statements as on March 31, 2018. Further, the Board has appointed Raj Kapoor Sharma as CFO of the Company with effect from 01.12.2018. He is qualified CA. having an experience of 23 years and is not related to any Director of the Company.

The above information is a part of company’s filings submitted to BSE.

Monte Carlo Fashions Share Price

566.70 -13.45 (-2.32%)
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