Date: May 27, 2026
Investment in Subsidiary
Monte Carlo Fashions Limited has made an additional investment of ₹40,00,000 (Rupees Forty Lacs Only) in its wholly-owned subsidiary MCFL Energy Projects Private Limited. The investment was made through the allotment of 4,00,000 equity shares of ₹10 each at face value.
Subsidiary Details
MCFL Energy Projects Private Limited was incorporated on January 19, 2026, with the following capital structure:
- Authorised Share Capital: ₹50,00,000 (Rupees Fifty lakh only)
- Paid Up Share Capital: ₹50,00,000 (Rupees Fifty lakh only)
The subsidiary operates in the renewable energy sector, specifically solar power generation and related activities. Its primary business purpose is to execute solar PV based power projects pursuant to Letters of Award received from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) under the PM-KUSUM-C Scheme.
Ownership and Control
The company now holds 100% ownership in MCFL Energy Projects Private Limited, with the total investment amounting to ₹50,00,000 (Rupees Fifty Lacs Only). The acquisition falls within related party transactions as it is a wholly-owned subsidiary, but the promoter/promoter group does not have any interest in the entity.
Transaction Details
The consideration for the acquisition was made in cash, with securities acquired at face value of ₹10 per share. No governmental or regulatory approvals were required for this acquisition beyond standard corporate approvals.