Monte Carlo Fashions Limited has announced the incorporation of its wholly-owned subsidiary, MCFL Energy Projects Private Limited, on January 19, 2026. This move follows the Board of Directors' approval on January 16, 2026, to establish this new entity. The subsidiary, MCFL Energy Projects Private Limited, has an authorized share capital of ₹10,00,000 (Rupees Ten Lakh Only). Its primary business will be in the renewable energy sector, specifically focusing on solar power generation. This includes the execution of solar PV based power projects, in line with the Letters of Award received from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) under the PM KUSUM-C scheme. Monte Carlo Fashions Limited will hold 100% of the shareholding in this new entity. The incorporation is part of the company's strategy to expand into solar power generation and related activities.
