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.
