Monte Carlo Fashions Declares ₹20 Dividend, Sets Record Date for September 22

Ludhiana, September 2, 2025 – Monte Carlo Fashions Limited (NSE: MONTECARLO, BSE: 538836) has declared a final dividend of ₹20 per equity share (200%) for the year ended March 31, 2025. The dividend will be eligible for approval by the shareholders at the forthcoming 17th Annual General Meeting (AGM) to be held on September 29, 2025, via video conferencing.

The record date for ascertaining shareholder eligibility for the dividend has been fixed by the company as Monday, September 22, 2025. The Share Transfer Books and Register of Members will be closed from September 23 to September 29, 2025 (inclusive both days).

Monte Carlo Fashions Dividend History

Monte Carlo Fashions has had a consistent dividend history in the past years. For FY 2024-25, the company has proposed a dividend of ₹20 per equity share (200%), with September 22, 2025, as the record date and book closure from September 23–29, 2025.

For the last four years, the dividend was constant at ₹20 per share declared in 2024 (ex-date: September 13), 2023 (ex-date: August 24), 2022 (ex-date: September 20), and 2021 (₹15 per share, ex-date: September 16).

Moving further in the past, the dividend history reveals ₹5 per share in 2020, ₹12 in 2018, and ₹10 per share for the years 2015 to 2017. This indicates the company’s consistent practice of rewarding shareholders with consistent dividends in the recent past.

Note: The 2019 AGM did not announce a dividend; the company has issued a buyback instead.

Dividend Declaration Details

Monte Carlo Fashions has announced a dividend of ₹20 on each equity share, 200% on the face value of ₹10. The payment is for 2,07,32,064 fully paid-up equity shares of the company. The record date is scheduled on Monday, September 22, 2025, and the book closure will be from September 23 to September 29, 2025. The AGM will be convened on September 29, 2025, at 11:00 A.M. through VC/OAVM. The registrar and transfer agent for the dividend procedure has been appointed by the company as MUFG Intime India Pvt Ltd.

The dividend, once approved, will be paid within 30 days of declaration, after deduction of applicable tax at source (TDS). Shareholders holding shares in physical form must update PAN, bank, and KYC details with MUFG Intime to receive the dividend electronically.

Monte Carlo Fashions Limited is one of India’s premium apparel and lifestyle companies, which manufactures and retails woollens, cottons, home furnishings, and accessories. The company has a listing on NSE and BSE under the code MONTECARLO.

REF: https://nsearchives.nseindia.com/corporate/MONTECARLO_02092025150940_NOTICELETTER.pdf

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