Approval for issuance of Corporate Gurantee for MCFL Energy projects Private limited, unlisted wholly owned subsidary of the company.

MCFL/SE/2026-27 November 3, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, G-Block, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai-400051. Mumbai-400001. Symbol: MONTECARLO Scrip Code: 538836 Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Subject: Disclosure under Regulation 30 – Approval for issuance of a Corporate Guarantee Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Tuesday, November 3, 2026, has, inter alia, approved furnishing a corporate guarantee in favour of IDBI Trusteeship Services Limited, acting as Security Trustee for Punjab National Bank, in respect of credit facilities to be availed by MCFL Energy Projects Private Limited (“ Borrower’), an unlisted wholly owned subsidiary of the Company. The corporate guarantee will secure repayment of the term loan facility of up to ₹117 crore (Rupees One Hundred and Seventeen Crore only), together with interest, costs, charges, expenses and other monies payable under the financing documents, for the Borrower’s proposed 35 MW solar power project in Madhya Pradesh. The details required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Circular”), are enclosed as Annexure A to this letter. The aforesaid information is also available on the Company’s website at www.montecarlocorporate.com. Kindly take the above information on record. You are requested to kindly take note of the same. Thanking You, Yours Faithfully For MONTE CARLO FASHIONS LIMITED ANKUR GAUBA COMPANY SECRETARY & COMPLIANCE OFFICER ICSI Membership No: FCS 10577 Annexure A The requisite details pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on: January 30, 2026, as amended, are enclosed as Annexure A. Sr Particulars Details 1 Name of party for which such guarantees MCFL Energy Projects Private Limited, a or indemnity or surety was given Wholly Owned Unlisted Subsidiary of the Company. (“Borrower”). 2 Whether the promoter/ promoter group/ The promoter/ promoter group/ group group companies have any interest in this companies have no interest in the transaction? transaction. If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3 Brief details of such guarantee or The Corporate Guarantee of Rs 117 Crores indemnity or becoming a surety viz. brief (One Hundred Seventeen Crores) plus details of agreement entered (if any) interest and any other associated cost in including significant terms and conditions, relation to the loan is proposed to be including amount of guarantee issued in favor of IDBI Trusteeship Services Limited, acting as Security Trustee for Punjab National Bank, guaranteeing the repayment of the loan to be availed by the Borrower on such terms & conditions as may be mutually agreed. 4 Impact of such guarantees or indemnity or The Corporate Guarantee will be treated surety on listed entity as a contingent liability for the Company. Presently, there is no impact of this guarantee on the Company.