Scrip Symbol / Code: MONTECARLO / 538836

Date: September 28, 2026

Change in Director / Key Managerial Personnel

  • Shareholders at the 18th Annual General Meeting held on September 28, 2026, re-appointed five directors:
  • Sh. Jawahar Lal Oswal (DIN: 00463866) as Chairman & Managing Director for a further period of five years with effect from August 10, 2026, to August 9, 2031
  • Smt. Ruchika Oswal (DIN: 00565979) as Executive Director for five years from August 10, 2026, to August 9, 2031
  • Smt. Monica Oswal (DIN: 00566052) as Executive Director for five years from August 10, 2026, to August 9, 2031
  • Sh. Manikant Prasad Singh (DIN: 01790672) as Independent Director for five years from February 1, 2027, to January 31, 2032
  • Sh. Parvinder Singh Pruthi (DIN: 07481899) as Independent Director for five years from February 1, 2027, to January 31, 2032
  • Brief profiles and qualifications:
  • Jawahar Lal Oswal (83 years): Distinguished industrialist with over five decades of experience in textile and apparel industry. Associated with Monte Carlo Fashions since inception. Holds 1,05,059 equity shares in the company.
  • Ruchika Oswal (54 years): Whole-time Director with over 25 years of experience in garment manufacturing, designing, and administration. Bachelor's Degree in Commerce. Associated with company since 2010. Holds 5,15,838 equity shares.
  • Monica Oswal: Executive Director (details similar to Ruchika Oswal in profile structure).
  • Manikant Prasad Singh (67 years): Retired Indian Administrative Service (IAS) officer of 1986 batch with over three decades of experience in governance, administration, public finance, and taxation. B.Tech (Hons.) in Mechanical Engineering from IIT Kharagpur.
  • Parvinder Singh Pruthi (72 years): Former officer of Indian Revenue Service (Indirect Taxes) with extensive experience in taxation, administration, and corporate management. Retired as Chief Commissioner of Indian Customs and Excise.
  • Relationship disclosures:
  • Jawahar Lal Oswal is related to Sandeep Jain (Executive Director) as father-in-law, to Ruchika Oswal and Monica Oswal as their father, and to Rishabh Oswal as grandfather.
  • Ruchika Oswal is related to Jawahar Lal Oswal as daughter, to Sandeep Jain as spouse, to Monica Oswal as sister, and to Rishabh Oswal as aunt.
  • Manikant Prasad Singh and Parvinder Singh Pruthi have no pecuniary relationships or family connections with other directors.
  • Compliance confirmations: All five directors are not debarred from holding office by virtue of any SEBI Order or any other authority.

Any Other Material Information

  • The reappointments were made pursuant to Regulation 30 read with Schedule III and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The disclosure references SEBI Circular No. SEBI/HO/CFD/PoD2/CI/RO1/5P5 dated November 11, 2024, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 updated on January 30, 2026.
  • The company secretary and compliance officer is Ankur Gauba (ICSI Membership No: FCS 10577).