The Board of Directors in their meeting held on November 30, 2018, have approved the proposal for Buy-Back, by the Company, of fully paid-up equity shares of face value of Rs.10/- each not exceeding 1,000,000 Equity Shares having face value of Rs.10/- each (representing 4.60% of the total paid up Equity Share Capital of the Company) at a maximum price of Rs.550/- (Rupees Five Hundred Fifty Only) per share for an aggregate maximum amount of Rs.550,000,000 (Rupees Fifty Five Crores Only) which represents 10.46% of the aggregate of the Company's paid-up Share capital & free reserves as per the latest audited financial statements as on March 31, 2018.
Further, the Board has appointed Sh. Raj Kapoor Sharma as CFO of the Company w.e.f. 01.12.2018. He is qualified CA. having a experience of 23 years and is not related to any Director of the Company.
Shares of Monte Carlo Fashions Ltd was last trading in BSE at Rs.388.05 as compared to the previous close of Rs. 378.8. The total number of shares traded during the day was 91046 in over 440 trades.
The stock hit an intraday high of Rs. 393 and intraday low of 383. The net turnover during the day was Rs. 34965757.