Monarch Networth Capital Limited
Monarch Networth Capital Limited is a provider of financial services in pure stock broking, primary market operations, mutual funds, insurance and financial planning. It is a strategic amalgamation of two financial service providers Monarch Group of Companies and Networth Stock Broking Ltd.
What Monarch files
- Others50
- Important11
- Updates11
- Board Meeting7
- Dividend/Bonus3
- Credit Ratings1
Monarch Networth Capital secured SEBI approval for "Monarch Mutual Fund," positioning its subsidiary as the AMC. This expands its integrated financial services platform, tapping into India's growing mutual fund industry (~₹80 lakh Cr AUM). Company PAT grew from ₹2 Cr to ₹135 Cr.
Monarch Networth Capital's Statutory Auditors, M S K A & Associates, have converted to an LLP. This is a structural change only; the firm continues as auditor for the approved tenure, with no change to their engagement.
Monarch's subsidiary secured SEBI registration for 'Monarch India Growth Fund' as a Category I Foreign Portfolio Investor (FPI). This strategic move expands the company's asset management presence.
Monarch Networth Capital has incorporated Monarch Networth Trustee Private Limited, a wholly-owned subsidiary. This new entity, capitalized with Rs 0.1 Cr, will act as a trustee for various investment funds, including mutual funds and alternative investment funds, expanding the company's financial services.
Monarch Capital invests ₹10 Cr in NCDEX via 506,740 equity shares at ₹197.34 each, gaining ~0.56% stake. This strategic move aims to boost Monarch's presence in the financial services market ecosystem.