Monte Carlo Fashions Limited
Main Body
Monte Carlo Fashions Limited (the Company/Lender) has entered into a Loan Agreement with its wholly-owned subsidiary MCFL Energy Projects Private Limited (the Borrower) on August 21, 2026. This agreement follows the board approval granted on August 5, 2026, for an investment of up to ₹30,00,00,000 (Rupees Thirty Crores) in the subsidiary.
Key Terms of the Agreement:
- Loan Amount: Up to ₹19,00,00,000 (Rupees Nineteen Crores Only)
- Nature of Loan: Unsecured
- Interest Rate: 9% per annum, compounded annually
- Tenor: Maximum of 5 years from the Effective Date
- Purpose: To meet funding requirements for ongoing and proposed energy-related projects, specifically implementation of solar projects under the KUSUM-C Scheme
- Security: None provided
- Outstanding Amount: Nil as of disclosure date
Relationship Between Parties:
MCFL Energy Projects Private Limited is a 100% wholly-owned subsidiary of Monte Carlo Fashions Limited. The transaction qualifies as a related party transaction but is conducted at arm's length. The agreement does not contain special rights such as right to appoint directors, first right to share subscription, or rights to restrict changes in capital structure.
Regulatory Compliance:
The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 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.
Other Key Announcements
No other material announcements or disclosures were included in this document.