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I would have guessed Sikh regiment from Nostalgia as well but it’s hard to make out the detail to well on the photo

There are probably better experts on the forum but to me it looks like you have a mix of their color guard and color party sets - but that’s just a best guess

There are probably better experts on the forum but to me it looks like you have a mix of their color guard and color party sets - but that’s just a best guess although I don’t think I’ve seen that officer before

Think you are right - it is the Mignot Monaco Royal Color Guard set https://www.worthpoint.com/worthopedia/cbg-mignot-royal-monaco-color-guard-527048640

Looks like Alymer

Timpo and Elastolin made similar poses, attached shows Timpo

If you go to this link there is a short write up and some additional information in the comments but essentially they are Marx produced in Holland in the late 50’s https://www.stadsstuff.com/?p=195