with a market valuation of 1,785.13 Crore, Monte Carlo Fashion Limited is a Small Cap company that operates in the consumer discretionary industry. Monte Carlo, the leading clothing brand in India, offers online shopping for both men, women and kids. In 1984, Oswal Woolen Mills Limited, the flagship company of the Nahar Group, established Monte Carlo Fashion Limited, which is now one of India’s leading apparel manufacturers with a portfolio of businesses in clothing and fashion. Existing shareholders and potential investors should be aware of the company’s record date 20 per share dividend.
The company said in a regulatory filing that its board of directors had “recommended a final dividend”. 20/- (Rupees twenty only) per equity share (ie 200%) of face value 10/- (Rupees ten only) each for the financial year 2021-2022. The final dividend will be paid in the ensuing Annual General Meeting of the company after the approval of the shareholders.”
In order to determine the eligibility of shareholders for dividend purpose, the Board of Directors has declared the record date and informed the Exchanges stating that “Furthermore, in accordance with the provisions of section 91 of the Companies Act, 2013 and the rules made Under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 42, Register of Members of the Company and Share Transfer Books shall be closed from Thursday, September 22, 2022 to Wednesday, September 28, 2022 (both days inclusive) For the purpose of payment of dividend and the 14th Annual General Meeting (AGM) of the Company. Dividend on equity shares recommended by the Board, if approved at the ensuing Annual General Meeting, shall be paid to the members in whose names The register of members and the beneficiary owners maintained by the depository will appear in the register on 2022. Closer to that date.”
The closing price of the shares of Monte Carlo Fashion Limited on Friday was 861.00 a piece, up 0.23% from the previous close of NSE 859. At current market price, return on dividend per share rises to 2.32% 20 is taken into account. As per the shareholding pattern for the quarter ended June 2022 available on BSE, Dolly Khanna holds 3,69,032 shares or 1.78 per cent stake in Monte Carlo. Dolly Khanna’s Portfolio stock gave multibagger returns of 133.05% in 1 year and 266.01% in last 3 years. The stock has gained 42.06% year-over-year (YTD) so far in 2022.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.