Document Dates
May 18, 2026 & August 31, 2026
Comprehensive Summary
Financial Performance Highlights
Monte Carlo Fashions delivered strong financial results for FY2025-26 with standalone revenue increasing 15.94% to ₹1,27,591 lakhs (₹1275.91 crores) from ₹1,10,041 lakhs in the previous year. Net profit surged 40% to ₹11,173 lakhs from ₹7,980 lakhs, while EBIDTA reached ₹26,342 lakhs compared to ₹22,045 lakhs. Earnings per share improved to ₹53.89 from ₹38.49. The company maintained healthy financial ratios including Return on Equity of 12.84% (up from 9.79%) and Debt-Equity ratio of 0.37.
Dividend Declaration & Capital Structure
The Board recommended a final dividend of ₹20.00 per equity share (200%) totaling approximately ₹4,146.41 lakhs payout from profits. The record date is set for September 21, 2026, with payment within 30 days of AGM declaration. The company's paid-up share capital remained unchanged at ₹20,73,20,640 divided into 2,07,32,064 equity shares of ₹10 each.
Asset & Liability Position
Total standalone assets stood at ₹192,047 lakhs, including property, plant & equipment of ₹16,857 lakhs, right-of-use assets of ₹21,773 lakhs, inventories of ₹57,088 lakhs, and trade receivables of ₹49,905 lakhs. The company maintained investments of ₹24,381 lakhs in various debt instruments and mutual funds. Liabilities included borrowings of ₹32,908 lakhs and lease liabilities of ₹25,058 lakhs.
Annual General Meeting Details
The 18th AGM is scheduled for September 28, 2026 through Video Conferencing/Other Audio Visual Means. Remote e-voting will be available from September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM) through CDSL. Book closure will be from September 22-28, 2026.
Director Reappointments & Remuneration
Shareholders will vote on reappointment of five directors including Chairman MD Jawahar Lal Oswal with revised remuneration of ₹75-100 lakhs per month plus 2% of net profit as commission. Executive Directors Ruchika Oswal and Monica Oswal seek reappointment with basic salary of ₹4.5-10 lakhs per month. Independent Directors Manikant Prasad Singh and Parvinder Singh Pruthi are proposed for second five-year terms.
Subsidiaries & Corporate Structure
The company has two wholly-owned subsidiaries: MCFL Ventures Limited (formerly Monte Carlo Home Textiles Limited) and MCFL Energy Projects Private Limited (incorporated January 19, 2026). The board composition includes 12 directors with 4 meetings held during the year.
Audit Report & Qualifications
Deloitte Haskins & Sells provided an unmodified opinion on both standalone and consolidated financial statements. However, the audit report contained a qualification regarding title deeds of immovable properties not held in the company's name (₹40 lakhs carrying value). Key audit matter focused on estimation of expected sales returns amounting to ₹17,160 lakhs.
Investments & Corporate Social Responsibility
The company maintained significant investments in debentures/bonds (₹14,728 lakhs), mutual funds (₹9,558 lakhs), and alternative investment funds (₹929 lakhs). CSR expenditure of ₹238 lakhs was channeled through Oswal Foundation for preventive healthcare, meeting the mandatory 2% requirement.
Operational Performance & Market Presence
Production increased 15.27% to 43,01,887 pieces from 37,31,846 pieces. The retail network expanded to 497+ Exclusive Brand Outlets, 1,615+ Multi-Brand Outlets, and 1469+ NCS & SIS points. Online presence includes own e-commerce platform and partnerships with major e-commerce players.
Compliance & Regulatory Aspects
The company maintains AA- rating for long-term borrowings and A1+ for short-term borrowings from CRISIL. Compliance with SEBI Listing Regulations, Companies Act 2013, and Indian Accounting Standards was confirmed. The secretarial audit contained no qualifications or adverse remarks.