Monte Carlo Fashions Establishes New Solar Energy Subsidiary MCFL Energy Projects

Monte Carlo Fashions has announced the formation of a new subsidiary company dedicated to solar power initiatives, marking the company's strategic entry into the renewable energy sector.

New Subsidiary Formation

The company has established MCFL Energy Projects Private Limited as its newest subsidiary, with a specific focus on solar power initiatives. This development represents a significant diversification move for the fashion and apparel company.

Parameter:	Details
Subsidiary Name:	MCFL Energy Projects Private Limited
Establishment Date:	January 19, 2026
Business Focus:	Solar Power Initiatives
Parent Company:	Monte Carlo Fashions

Strategic Business Expansion

The formation of this energy-focused subsidiary indicates Monte Carlo Fashions' commitment to expanding its business portfolio beyond traditional fashion and apparel operations. By venturing into solar power initiatives, the company is positioning itself in the growing renewable energy market.

Corporate Development

This subsidiary formation represents a notable corporate development for Monte Carlo Fashions, as it establishes a dedicated entity to handle solar power projects and initiatives. The move demonstrates the company's strategic vision to diversify its revenue streams and explore opportunities in the sustainable energy sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.39%	-8.50%	-21.64%	-7.97%	-16.63%	+137.99%

Monte Carlo Fashions has received board approval for incorporating a wholly owned subsidiary to execute its solar power projects under the PM KUSUM-C scheme. The board approved the incorporation of MCFL Energy Projects Private Limited through Resolution No. CIR/MCFL/BOARD/01/2025-26 to undertake solar power generation activities with focused execution capabilities.

Solar Project Portfolio

The company has secured multiple Letters of Award (LoAs) from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) for solar photovoltaic projects under the Surya Mitra Krishi Feeders Scheme – PM KUSUM-C. These grid-connected solar power projects will be executed in Madhya Pradesh state.

Project Parameter	Details
Total Capacity	35 MW (AC)
Project Type	Solar PV Power Plants
Estimated EPC Cost	₹147.00 crores
Scheme	PM KUSUM-C
Executing State	Madhya Pradesh
Award Authority	MPUVNL

Subsidiary Structure

The board decided to establish a dedicated subsidiary considering the scale of operations, regulatory requirements, and need for focused project execution. MCFL Energy Projects Private Limited will operate as a wholly owned subsidiary with 100% shareholding by Monte Carlo Fashions.

Subsidiary Details	Information
Company Name	MCFL Energy Projects Private Limited
Ownership Structure	100% Wholly Owned Subsidiary
Business Focus	Solar Power Generation
Consideration Type	Cash
Incorporation Status	To be Incorporated
Country	India

Strategic Diversification

This development represents Monte Carlo Fashions' strategic entry into the renewable energy sector, diversifying beyond its traditional textile business. The subsidiary will focus exclusively on solar power generation and related activities, including execution of solar PV based power projects under government schemes. The substantial project value of ₹147.00 crores demonstrates the company's commitment to establishing a meaningful presence in India's growing renewable energy infrastructure while creating a new revenue stream in the clean energy sector.