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Monte Carlo Fashions gets nod to invest in equity shares of MCFL Energy Projects

19 May 2026 Evaluate

Monte Carlo Fashions has received approval to invest up to Rs 50 lakh in the equity shares of MCFL Energy Projects, the wholly owned subsidiary of the company, by way of subscription, in one or more tranches. The investment is proposed to support the business operations and future growth plans of the subsidiary company engaged in solar energy business. The Board of Directors of the company in its meeting held on May 18, 2026, has approved the same.

Monte Carlo Fashions manufactures and distributes men’s and women’s apparel. The company manufactures shirts, t-shirts, and sportswear.


Peers
Company Name CMP
Vardhman Textiles 529.55
Welspun Living 227.60
Arvind 510.50
Raymond Lifestyle 602.60
K.P.R. Mill 1066.50
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