Monarch Surveyors and Engineering Consultants Limited

Publication Details

Monarch Surveyors and Engineering Consultants Limited has issued a public notice confirming the dispatch of the 27th Annual General Meeting (AGM) notice and the Annual Report for the fiscal year 2025-26. The meeting will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to transact businesses as set out in the AGM notice.

Important Dates

Shareholder Instructions

Shareholders are requested to note the following:

• Electronic Dispatch: The AGM notice and Annual Report were dispatched electronically on August 21, 2026, to members with registered email addresses.
• Voting: The company has enabled remote e-voting via NSDL for shareholders to cast their votes electronically. Members attending the AGM who have not voted remotely may vote during the meeting.
• Dividend Approval: The Board of Directors has recommended a final dividend for the financial year ended March 31, 2026, subject to shareholder approval at the AGM.
• KYC Compliance: To ensure the electronic transfer of the final dividend, shareholders are urged to update their bank account details and ensure KYC compliance with their depository participants or the Company's Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited.

Regulatory Context

This publication is in compliance with the Ministry of Corporate Affairs and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the conduct of AGMs through electronic modes and the provision of e-voting facilities.

AGM and Meeting Logistics

Monarch Surveyors and Engineering Consultants Ltd will host its 27th Annual General Meeting (AGM) on Wednesday, September 16, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), without the physical presence of members, in compliance with regulatory guidelines.

Dividend and Corporate Action

The company confirmed the Board’s recommendation for a Final Dividend of Rs. 1.60 per equity share (16%) for the financial year ended March 31, 2026. This dividend, if approved by shareholders at the AGM, will be paid to eligible members within 30 days of the declaration date. The record date for the dividend was June 03, 2026.

Annual Report Access

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company is distributing this communication to shareholders who do not have registered email addresses. The Annual Report for FY 2025-26 can be accessed via the company's website (https://www.monarchltd.com/documents/annual-report-2025-2026), the BSE website, or the NSDL e-voting portal.

Shareholder Instructions

• KYC and Registration: Shareholders are advised to register or update their KYC documents, mobile numbers, email addresses, and bank account details with their respective Depository Participants.
• Nomination: Shareholders are encouraged to provide a 'choice of nomination' to facilitate a smooth transition of securities and prevent the accumulation of unclaimed assets.
• Electronic Communication: The company requests that shareholders opt for electronic communication and digital dividend payments to support environmental sustainability.

Key Highlights

Order, Capacity, or Business Update

Monarch Surveyors and Engineering Consultants Ltd has received a work order from the Fursungi-Uruli Devachi Nagar Parishad. The project involves the provision of technical consultancy services, specifically the preparation of GIS (Geographic Information System) base maps, analysis of Existing Land Use (ELU), and assistance in the formulation of GIS-based Development Plans.

The contract is a domestic order with cash consideration. The company has indicated that the work is scheduled to commence immediately. The execution of the project is subject to necessary approvals from the relevant governmental authorities. No specific timeline for completion was disclosed beyond the contract terms.

What Looks Positive

• New Business Win: The receipt of this work order adds to the company's ongoing business activities and strengthens its engagement in the municipal engineering and GIS consultancy sector.

Concerns and Watch Points

• Execution Dependencies: The work is subject to necessary approvals from governmental authorities. Investors should monitor the progress of these approvals and the subsequent execution timeline to ensure there are no delays.

Investor Takeaway

This announcement confirms a specific, actionable project win for Monarch Surveyors and Engineering Consultants Ltd. The order, valued at Rs 1.68 crore, is a standard operational development for the company. Shareholders should track the company's ability to clear the necessary regulatory hurdles and execute the project within the stipulated timelines.

AGM and E-Voting Schedule

Monarch Surveyors and Engineering Consultants Limited has announced the details for its 27th Annual General Meeting (AGM) to be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

Dividend Information

The company reiterated the dividend recommendation made by the Board of Directors at the meeting held on May 06, 2026.

• Dividend Amount: Rs 1.60 per Equity Share (face value of Rs 10/- each).
• Status: Pending declaration at the 27th AGM.
• Record Date: The record date for the dividend was July 03, 2026.
• Payment Timeline: If declared, the dividend will be paid within 30 days of the AGM date.

Shareholder Action Items

The company is distributing the Annual Report for FY 2025-26 to shareholders. Members who have not registered their email addresses are advised to:

• Register or update KYC documents, mobile numbers, and bank account details with their respective Depository Participants (DPs).
• Ensure dividend receipt by providing updated bank details, as payments will be made exclusively through electronic modes.
• Provide 'choice of nomination' to ensure a smooth transition of securities and prevent the accumulation of unclaimed assets.

Financial Snapshot

Monarch Surveyors and Engineering Consultants Limited delivered 11.39% revenue growth in FY 2025-26, supported by an increasing shift toward higher-margin, technology-driven services.

Business and Operations Update

Monarch has transitioned from a pure survey-based business model to an integrated infrastructure consulting firm. This shift includes:

• International Expansion: Completed the acquisition of GM & FE Ryan Pty Ltd (Australia) for AUD 1.81 million, aimed at providing geographic diversification and a base in a developed infrastructure market.
• Technology Focus: The company has heavily invested in proprietary technology, including LiDAR and drone fleets, to improve data capture and reduce reliance on third-party providers. This transition is aimed at supporting higher operating margins over the medium term.
• Order Book: The order book stands at over Rs 615 crore, with key wins including a Rs 13,000 lakh rate contract with Northern Railway and consultancy for the Somnath–Dwarka Expressway packages exceeding Rs 10,000 lakh.

Risks and Concerns

• Working Capital Stress: Debtor days remain high in the 110-115 range, a challenge attributed to the milestone-based billing cycles typical of public-sector infrastructure contracts.
• Concentration Risk: The company's revenue remains highly concentrated in Maharashtra (approximately 90%), which exposes it to regional land-acquisition and regulatory issues. The company intends to mitigate this through geographic expansion.
• Execution Risk: Projects are vulnerable to delays in statutory approvals, land disputes, and subcontractor milestone execution, which can compress margins.

Management Commentary and Outlook

The management expects the continued government focus on multi-year capex programs to sustain demand. Their strategy focuses on 'upstream integrated mandates'—areas such as surveys, DPRs, geospatial intelligence, and ESG—where their digital depth and integrated service offerings can command a premium over price-only competitors.

Investor Takeaway

Monarch's first annual report as a public company emphasizes its transition toward higher-value consulting services with a focus on technology and ESG. While the balance sheet is strong with minimal debt, investors should monitor the working capital cycle and the effectiveness of the integration of the Australian business.

Key Highlights

• AGM Date: Wednesday, September 16, 2026, at 3:00 P.M. (IST) via Video Conference (VC)/Other Audio-Visual Means (OAVM).
• Dividend: Board recommended a final dividend of 16% (Rs 1.60 per equity share) for FY 2025-26, subject to shareholder approval.
• Record Date: June 3, 2026, for the purpose of dividend eligibility.
• Board Changes: Proposal to designate Mrs. Usha Sunil Kokare as Whole-Time Director effective September 16, 2026.
• Audit: Appointment of M/s. KJL & Associates as secretarial auditors for a five-year term (FY 2026-27 to FY 2030-31).

Financial Snapshot

Order, Capacity, or Business Update

• Order Book: Closed the year at over Rs 615 crore, spanning more than 130 projects.
• Major Projects:
  • Secured a Rs 130 crore (Rs 13,000 lakh) rate contract with Northern Railway (36-month duration).
  • Somnath-Dwarka Expressway packages (land acquisition and design consultancy) exceeded Rs 100 crore (Rs 10,000 lakh).
• International Expansion: Successfully completed the acquisition of GMR Engineering Services in Australia for AUD 1.81 million to establish a foothold in a developed market.
• Strategy: Focused on 'upstream' services (surveys, DPR, geospatial intelligence, ESG) which the management describes as decision-shaping stages that allow the company to differentiate from pure EPC providers.

Balance Sheet and Cash Flow

• Debt Position: Company reports being close to debt-free with a debt-to-equity ratio of 0.21.
• Working Capital: Debtor turnover extended to 113 days, which the management attributes to the billing cycles typical of public-sector contracts. Management is tightening milestone terms on new contracts.
• IPO Utilization: Out of Rs 93.75 crore raised in the July 2025 IPO, Rs 27.32 crore had been utilized by March 31, 2026. The balance is held in liquid fixed deposits.

Governance Update

• Statutory Audit: The company received an unmodified opinion on internal financial controls as of March 31, 2026.
• Secretarial Audit: Management noted delays in trading window closure and certain disclosure filings during the year, for which the Board has taken corrective measures to strengthen compliance tracking.

Management Commentary and Guidance

• Outlook: Management remains optimistic due to the policy-backed infrastructure capex cycle. They emphasize a move toward higher-margin, technology-driven design and lifecycle consulting services.
• Priorities: Near-term focus remains on technology investment (LiDAR, digital twins), talent development, and maintaining execution discipline to capture integrated mandates.

What This Means for Investors

Monarch’s first full year as a listed company shows steady growth in both revenue and profit, coupled with a robust order book. The company's expansion into the Australian market through a capital-light acquisition marks a new phase of geographic diversification. Investors should monitor the working capital cycle, as the 113-day debtor period reflects the inherent challenges of government-centric contracts, and look for progress in the integration of the Australian business.

Key Highlights

Corporate Governance and Board Updates

At the board meeting held on August 21, 2026, the Board of Directors of Monarch Surveyors and Engineering Consultants Limited approved several administrative and governance matters.

Annual General Meeting (AGM)

The company will hold its 27th Annual General Meeting on Wednesday, September 16, 2026, at 3:00 P.M. IST via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The cut-off date for determining member eligibility for voting on the proposed resolutions is fixed for Wednesday, September 9, 2026.

Auditor Appointments

• Secretarial Auditor: The board approved the appointment of M/s. KJL & Associates as the Secretarial Auditor for a period of five consecutive financial years, starting from FY 2026-27 up to FY 2030-31. This appointment remains subject to the approval of shareholders at the upcoming AGM.
• Internal Auditor: The board approved the reappointment of Mr. Anuj Shashikumar Bajoria as the Internal Auditor of the company for the financial year 2026-27.

Management Changes

The board approved the re-designation of Mrs. Usha Sunil Kokare (DIN: 10498061) from the position of Executive Director to Whole-time Director. This re-designation is for a period of five years and is subject to approval by the members at the ensuing General Meeting. Mrs. Kokare brings over 20 years of experience in infrastructure administration and corporate governance.

Investor Takeaway

This announcement is largely procedural, focusing on the company's annual cycle of governance compliance, including scheduling the AGM and finalizing auditor roles. For shareholders, these updates represent the regular course of business and board-level administrative maintenance.

Key Highlights

Annual General Meeting

The Board of Directors has scheduled the 27th Annual General Meeting (AGM) for Wednesday, September 16, 2026, at 3:00 P.M. IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

For the purpose of voting, the company has fixed Wednesday, September 09, 2026, as the cut-off date to determine the eligibility of members entitled to vote on resolutions proposed at the AGM.

Auditor Appointments

The Board has approved two audit-related appointments:

• Secretarial Auditor: M/s. KJL & Associates (ICSI Unique Code: S2015MH294900) has been appointed as the Secretarial Auditor for a period of five consecutive financial years, from FY 2026-27 to FY 2030-31, subject to shareholder approval at the ensuing AGM.
• Internal Auditor: The Board has approved the re-appointment of Mr. Anuj Shashikumar Bajoria as the Internal Auditor for FY 2026-27.

Board and Management Update

The Board has approved the re-designation of Mrs. Usha Sunil Kokare (DIN: 10498061) from Executive Director to Whole-time Director for a period of five years. This change remains subject to approval by the members of the company at the upcoming General Meeting.

Investor Takeaway

This announcement is a routine corporate governance filing. Shareholders should note the dates for the upcoming AGM and the cut-off for voting. The appointment of the secretarial auditor for a five-year term and the managerial re-designation are standard administrative procedures requiring subsequent shareholder approval.

Publication Details

Monarch Surveyors and Engineering Consultants Limited has released a statutory advertisement in the Financial Express (English) and Loksatta (Marathi) editions on August 18, 2026. The advertisement serves as formal notification to shareholders regarding the 27th Annual General Meeting (AGM) of the company, which will be conducted through electronic modes.

Important Dates

Shareholder Instructions

The AGM will be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), allowing members to attend without physical presence. Shareholders are requested to register or update their email addresses with their respective Depository Participants (DP) or the company's Registrar and Share Transfer Agent to ensure they receive the meeting notice and annual report electronically. The meeting details, including instructions for joining and e-voting, will be provided in the notice dispatched to shareholders.

Regulatory Context

This publication is issued in compliance with Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable circulars issued by the Ministry of Corporate Affairs and SEBI.

Key Highlights

Order Details

Monarch Surveyors and Engineering Consultants Ltd has officially announced the receipt of a new work order from the Office of the District Superintendent of Land Records, Government of Maharashtra, Amravati. The contract value is Rs 4.39 crore (Rs 438.90 lakh).

The company has confirmed that the transaction is not a related party transaction, and the promoter group companies have no interest in the work contract. The nature of the consideration is cash.

Project Execution

The project involves the deployment of 50 licensed surveyors for the Amravati district. According to the company's disclosure, the work is set to commence immediately, following the letter of acceptance. The timeline for completion will be governed by the contract terms. The company noted that the work remains subject to necessary approvals from the relevant governmental authorities.

What This Means for Investors

This order represents a fresh business win for the company in the public sector. For shareholders, this contract contributes to the company's order book and service delivery roadmap. The key to monitoring will be the execution timeline and the successful commencement of work, given the dependency on customary government approvals.

Investor Takeaway

The award of this order is a positive development that demonstrates the company's ability to secure government contracts. While the value of Rs 4.39 crore is specific, the primary items to track going forward are the revenue recognition schedule as the company deploys the required licensed surveyors and the completion of the project within the stipulated terms.

Corporate Website Update

Monarch Surveyors and Engineering Consultants Limited has informed the BSE about a change in its official website domain.

Compliance and Administrative Updates

The company has confirmed that the new website is functional and hosts the mandatory information, disclosures, and documents required under Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

Management stated that steps are currently underway to update this new website address across all statutory records, corporate communications, investor communications, stationery, letterheads, email signatures, and other relevant documents.

Contract Award Overview

Monarch Surveyors and Engineering Consultants Limited has been awarded a contract by Central Railway for professional consultancy services. The project relates to the development of the Bhusawal - Badnera 3rd and 4th line (218 km) project. The company has confirmed the receipt of the Letter of Acceptance (LOA) and stated that work will commence immediately.

Order Highlights

Scope of Work

The project entails specialized consulting services required for railway line development, including:

• Land Acquisition: Providing facilitation to the Competent Authority for Land Acquisition (CALA) under the Railways Act, 1989.
• Forest Clearances: Preparing forest diversion proposals, including obtaining Stage-I and Stage-II forest clearances.
• Environmental Compliance: Managing tree enumeration and obtaining permissions for tree cutting.

Corporate Disclosure

The company has clarified that this transaction is not a related-party transaction and that no promoter or promoter group companies hold any interest in the project. The contract is a domestic arrangement with Central Railway, and the consideration is in cash.

Key Highlights

Strategic Acquisition Overview

Monarch Surveyors and Engineering Consultants Limited has officially completed the acquisition of 100% of the share capital of GM & FE Ryan Pty Ltd, an Australian entity that acts as the trustee of the GMR Engineering Services Unit Trust. The transaction has been duly recorded with the Australian Securities and Investments Commission (ASIC), formalizing the company's status as a wholly-owned subsidiary.

Management has stated that this acquisition is a key milestone in the company's growth plan. The move is designed to:

• Strengthen domain expertise in engineering services and project execution.
• Enhance operational scale and diversify service offerings.
• Support long-term shareholder value creation through the synergy of the two entities.

Transaction Details

TrustOne Advisors LLP, a Mumbai-based transaction advisory firm and investment bank, served as the sole transaction advisor for all stages of the acquisition process.

What Looks Positive

Concerns and Watch Points

Investor Takeaway

The completion of the acquisition of GM & FE Ryan Pty Ltd signifies a strategic step for Monarch Surveyors and Engineering Consultants Limited in its pursuit of international growth and geographical diversification. By securing this entity, the company aims to enhance its engineering capabilities and service offerings. While the transaction is legally finalized, investors should watch for management's progress on integrating the Australian entity into the broader corporate structure and its subsequent impact on operational performance.

Key Highlights

Transaction Details

Monarch Surveyors and Engineering Consultants Limited has finalized the acquisition of GM & FE Ryan Pty Ltd, an Australia-based entity acting as the trustee of the GMR Engineering Services Unit Trust. The company has acquired 100% of the issued share capital, officially making the Australian entity a wholly owned subsidiary.

All regulatory and legal formalities regarding this transaction have been completed and recorded with the Australian Securities and Investments Commission (ASIC). TrustOne Advisors LLP, based in Mumbai, acted as the sole transaction advisor throughout the process.

Strategic Rationale

Management has highlighted this acquisition as a key milestone in the company's growth plan. The move is expected to drive long-term value for shareholders through several strategic benefits:

• Geographical Diversification: Moving beyond the domestic market to establish a global presence.
• Enhanced Capabilities: Strengthening domain expertise in engineering services and project execution.
• Operational Scale: Diversifying service offerings and leveraging synergies between the two entities.

What This Means for Investors

The completion of this deal signals an active approach by management toward inorganic growth. By securing a foothold in Australia, the company is diversifying its revenue base and operational reach. Investors should monitor how the company integrates these new operations and whether it successfully realizes the expected synergies in engineering and project management over the coming quarters.

Investor Takeaway

Monarch Surveyors and Engineering Consultants Limited has successfully expanded its footprint to Australia through a 100% acquisition. This is a positive development regarding the company's strategic growth. Key areas for investors to watch include the successful integration of the acquired entity, the realization of planned operational synergies, and any updates on new project wins or service expansions resulting from this new global presence.

Key Highlights

Project Scope

The company has been awarded a contract to facilitate land acquisition under the Railways Act, 1989. The scope of work also includes preparing forest diversion proposals, which entails obtaining Stage-I and Stage-II forest clearances, tree enumeration, and obtaining the necessary permissions for tree cutting in connection with the Kasara-Manmad 3rd & 4th Line project.

Financial Snapshot

The total value of this specific order is ₹1.94 crore (₹194.22 lakh). This contract is to be executed over a period of 12 months from the date of the issuance of the Letter of Acceptance. The consideration for this contract is in cash.

Important Figures Used

Concerns and Watch Points

What This Means for Investors

This order win indicates that Monarch Surveyors and Engineering Consultants Limited continues to be active in the infrastructure consulting space. By securing work from a government entity like Central Railway, the company demonstrates its continued relevance in specialized services such as land acquisition and forest clearance advisory. The 12-month execution timeline provides a clear window for when this specific project revenue will likely be recognized.

Investor Takeaway

The company's announcement of this order win is a standard business development update. The key takeaway for investors is the addition of a new railway-related project to the company's order book. Investors should monitor the project's progress, particularly regarding the attainment of necessary regulatory and governmental approvals, which are prerequisites for project completion.

Governance Compliance Update

Monarch Surveyors and Engineering Consultants Limited has formally designated the key managerial personnel (KMP) authorized to determine the materiality of events or information and to make disclosures to the stock exchange. This action fulfills the requirements under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Authorized Key Managerial Personnel

The following individuals are authorized to act on behalf of the company for regulatory communications:

Investor Takeaway

This filing is a routine administrative and governance update. It formalizes the points of contact for regulatory compliance and ensures the company meets its ongoing obligations under SEBI listing norms. It does not carry any material financial or operational impact for investors.

Key Highlights

Strategic Rationale

The acquisition of GM & FE Ryan Pty Ltd marks Monarch Surveyors' strategic entry into the Australian engineering consulting and land surveying market. The target, which has operated for 20 years, provides eight integrated engineering disciplines, including civil and structural engineering, drone/UAV surveying, and sustainability services. The company expects this to act as a platform for its Australian operations.

Target Financial Snapshot

The target company is reported to be debt-free with owned technology assets valued at approximately AUD 310,700. It has demonstrated consistent revenue growth, reporting AUD 1.8 million in actual revenue for FY2025, up from AUD 1.6 million in FY2024 and an estimated AUD 1.4 million in FY2023.

Future Outlook

Management has provided clear revenue guidance for the acquired entity. The acquisition is expected to contribute between AUD 1.76 million and AUD 1.84 million to total revenue in FY2026. Looking further ahead, management projects revenue growth to reach between AUD 2.14 million and AUD 3.22 million by FY2030.

What Looks Positive

• Operational Stability: The target maintains an 80% client retention rate and holds access to 7 Australian government procurement panels, indicating strong market positioning.
• Financial Health: The target entity is debt-free, which reduces the immediate financial burden of integration.
• Growth Potential: The forecast revenue targets through FY2030 signal management's confidence in the long-term potential of the Australian subsidiary.

Investor Takeaway

Monarch Surveyors has successfully executed a cash-based acquisition to expand its geographic footprint into Australia. The deal is characterized by the purchase of an established, debt-free business with a strong track record of service in engineering and surveying. Investors should track the integration of this subsidiary and monitor whether the actual revenue contribution in FY2026 aligns with the provided guidance of AUD 1.76 million to AUD 1.84 million.

Key Highlights

Important Figures Used

Order Win or Business Update

Monarch Surveyors and Engineering Consultants Limited has been awarded a Letter of Acceptance (LOA) by the South East Central Railway. The contract involves the technical measurement of railway yards utilizing advanced trolley systems. The work is classified as a domestic contract, and the company has indicated that operations will commence immediately in accordance with the contract terms.

Related Party Transaction

In the disclosure, the company clarified that this transaction does not fall under the purview of related party transactions. Furthermore, the company stated that promoters and the promoter group hold no interest in the work contract, ensuring the deal is handled at arm's length.

What Looks Positive

Concerns and Watch Points

Investor Takeaway

This order win is a constructive development for Monarch Surveyors and Engineering Consultants Limited, providing clear revenue visibility in its core engineering and consultancy business. By securing a contract from a major government railway authority, the company strengthens its project portfolio. Investors should monitor the project's execution timeline, particularly the progress regarding necessary governmental approvals, which is a required step for completion. The confirmation that this is not a related party transaction adds to the transparency of the deal.

Key Highlights

Order Win Details

Monarch Surveyors and Engineering Consultants Limited has formally announced the receipt of a Letter of Acceptance for a government project. The contract, awarded by the Urban Development & Housing Department, Government of Bihar, involves technical consulting for the preparation of town planning schemes for greenfield satellite townships. The total contract value is ₹6.40 crore (639.80 lakh).

The company has confirmed that this is a cash-consideration contract and does not involve any related party transactions, ensuring the deal is conducted at arm's length.

What Looks Positive

Concerns and Watch Points

What This Means for Investors

For shareholders, this announcement represents a standard, positive development in the form of a secured contract. The win adds to the company's order book and strengthens its relationship with a state government entity. The requirement for regulatory approvals is a standard condition for such infrastructure projects, and investors should monitor the company's progress regarding timely execution.

Investor Takeaway

Monarch Surveyors has added a concrete project to its order book with this ₹6.40 crore (639.80 lakh) win. The project's nature—urban planning for greenfield townships—aligns with the company's core operations. As the work is slated to commence immediately, the key factors to track moving forward will be the status of necessary governmental approvals and the pace of project execution. No issues regarding related party transactions were reported, maintaining a clean structure for this contract.

Key Highlights

Project Overview

Monarch Surveyors and Engineering Consultants Limited has secured a contract from the Government of Bihar’s Urban Development & Housing Department. The project involves comprehensive town planning activities for multiple greenfield satellite townships. This order is a key milestone for the company, as it aligns with the government's vision for planned urban expansion, sustainable infrastructure, and integrated regional development.

Strategic Importance

This contract is a significant development for the company's growth strategy for several reasons:

• Geographic Diversification: The project marks the company's entry into the Bihar market, reducing reliance on established regions and expanding its total addressable market.
• Public Sector Trust: The assignment signals continued confidence from government agencies in the company's technical expertise in surveying, geospatial solutions, and infrastructure consulting.
• Immediate Execution: The company has indicated that work on the project will commence immediately, ensuring that the project enters the execution phase without significant lead time.

Management Perspective

Mr. Sunil Kokare, Director – Business, noted that the assignment is a prestigious one that reflects the trust government agencies place in the company. He highlighted that the project strengthens the company's domestic geographic diversification beyond its existing established markets, serving as an important milestone in its broader infrastructure market strategy.

What This Means for Investors

For shareholders, the order provides a boost to the company's order book and enhances future revenue visibility. The successful acquisition of a project in a new state demonstrates the company's operational capability to compete and win public sector consultancy contracts on a broader national scale. Investors should track the company's ability to maintain these execution timelines and secure further similar projects in new geographies.

Investor Takeaway

The announcement is a clear positive for the company, reflecting successful business development and geographic expansion. The immediate commencement of work is a constructive signal. Investors should monitor future updates regarding the project’s execution progress and whether this win leads to further contracts in the Bihar region or other new markets.

Key Highlights

Order Win Details

Monarch Surveyors and Engineering Consultants Limited has secured a contract from the Government of Bihar Urban Development & Housing Department. The project involves town planning services for Multiple Greenfield Satellite Townships in Bihar (Group-1). The contract is a domestic transaction and the company has confirmed it is not a related party transaction. The company expects work to commence immediately as per the terms of the letter of acceptance.

What Looks Positive

Concerns and Watch Points

Investor Takeaway

This order win adds ₹11.66 crore to the company's order book, reflecting its ongoing engagement with state government bodies. Investors should note the project is in the initial stage with work commencing immediately. The key development to track is the timely execution and the receipt of necessary governmental approvals required for the project. The contract is at arm's length and involves no related parties.

Key Highlights

• Contract Win: Monarch Surveyors and Engineering Consultants Limited received a Letter of Acceptance for consultancy services from the Madhya Pradesh Road Development Corporation Limited.
• Project Scope: The company will prepare Detailed Project Reports (DPRs) for ROBs, bridges, flyovers, bypasses, and selected state highway stretches in Madhya Pradesh.
• Timeline: Work is scheduled to commence immediately.

Important Figures Used

Order Details

The company will provide professional consultancy services related to infrastructure projects in Madhya Pradesh. As a domestic project involving a government entity, this contract demonstrates the firm's capacity to secure work in the public sector infrastructure consulting space. The company has clarified that this is an arm's-length transaction and is not a related party deal.

Risks and Watch Points

Investor Takeaway

The announcement of this new consultancy order is a positive development for Monarch Surveyors. By securing a contract with the Madhya Pradesh Road Development Corporation Limited, the company adds to its project pipeline with immediate commencement. For investors, the key factor to monitor is the smooth execution of these DPRs and the timely conversion of such consultancy orders into continued revenue streams, while keeping an eye on the regulatory clearances required for the project.

Project Overview

Monarch Surveyors and Engineering Consultants Limited has been awarded a Letter of Acceptance by the Ratnagiri Municipal Council. The company will act as the agency for an integrated GIS-based urban spatial data development project.

Nature of Work

The consultancy contract involves technical services critical for urban planning and municipal infrastructure management. The scope of work includes:

• Preparation of base maps.
• Assessment of existing land use.
• Mapping of underground utilities.
• Preparation of development plans in compliance with the MRTP Act 1966.

Corporate Governance and Compliance

The company has confirmed that this contract is a domestic transaction and does not fall under the category of related party transactions. The management explicitly stated that the promoter and promoter group entities have no interest in the work contract, ensuring the deal is conducted at arm's length.

Operational Context

Management has indicated that the project is set to commence immediately. While the timeline for completion is subject to contract terms, investors should note that the project remains subject to necessary approvals from relevant governmental authorities.

What Looks Positive

• Revenue Visibility: The acquisition of a municipal project provides clear revenue visibility.
• Technical Capability: The project demonstrates the firm's expertise in specialized GIS and urban planning services.

Concerns and Watch Points

• Regulatory Dependencies: The project's progress is contingent upon receiving necessary governmental and regulatory approvals.

Investor Takeaway

This order win reflects active business development efforts for Monarch Surveyors and Engineering Consultants Limited within the government consulting space. By securing a contract for GIS-based mapping and development planning, the company reinforces its operational focus on urban infrastructure support. Investors should monitor the progress of this project, particularly regarding the timely receipt of regulatory approvals and the execution timeline as the work commences.

Key Highlights

Order Details

Monarch Surveyors and Engineering Consultants Limited has secured a work order from the Office of the District Superintendent of Land Records, Parbhani. The scope of the contract involves the selection of agencies for licensed surveyor services. The company has confirmed that the project is a domestic contract and work is expected to commence immediately, following the terms of the letter of acceptance.

Management Commentary

The company's management has described this new order as a significant development. They have expressed the expectation that this project will positively impact the company's business operations.

Important Facts

• Nature of Transaction: The company has clarified that this contract does not fall under related party transactions. The promoters and promoter group companies hold no interest in the entity being acquired or the contract awarded.
• Consideration: The nature of consideration for this contract is cash.

Risks and Watch Points

• Regulatory Approvals: Investors should note that the execution of the work is subject to necessary approvals from governmental authorities. Delays in obtaining these clearances could impact project timelines.

Investor Takeaway

The secured order from the District Superintendent of Land Records, Parbhani, provides a concrete update on the company’s business activity and revenue pipeline. With the work set to commence immediately, the company maintains a positive outlook on the project's impact. Investors should track the progress of this contract, keeping in mind the dependency on required governmental approvals for successful project completion.

Compliance Update: Regulation 74(5)

Monarch Surveyors and Engineering Consultants Ltd has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026.

Shareholding Status

The filing confirms that the entire shareholding of the company is held in dematerialized form.

The Registrar and Transfer Agent (RTA), Bigshare Services Pvt Ltd, noted that Regulation 74(5) is not applicable to the company because no requests for dematerialization or rematerialization were received during the quarter.

What This Means for Investors

This is a standard regulatory filing required by the stock exchange. It provides transparency regarding the company’s capital structure but does not contain material information regarding financial performance, business strategy, or operational changes.

Investor Takeaway

Investors should note this as a routine procedural filing. It serves to confirm the status of the company’s shares and adherence to SEBI depository regulations. No further action or analysis is required based on this specific announcement.

Key Highlights

Order Win Details

Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance for a project from the Office of the District Superintendent of Land Records, Nagpur. The company views this as a significant development and expects it to have a positive impact on its business operations.

Transaction Details

The contract is domestic in nature and involves a cash consideration mechanism. The company has clarified that this transaction does not fall under the category of related party transactions, and there is no interest from the promoter or promoter group in the work contract.

Execution and Approval

Work on the project is slated to commence immediately. Execution is subject to the necessary approvals from the relevant governmental authorities, which remains a key watch point for project timelines and completion.

What This Means for Investors

This order win provides the company with immediate project work and strengthens its order pipeline in the surveying sector. By securing a government contract, the company demonstrates its capability to engage with public sector entities. Investors should track the progress of this project, specifically the acquisition of necessary governmental approvals, which is a condition for execution.

Investor Takeaway

This announcement is a routine yet positive business development reflecting the company's ability to win government-led surveying contracts. The clear project scope and the absence of related party involvement provide transparency. Investors should monitor future updates regarding the project's execution speed and whether this contract leads to further engagement with similar government departments.

Summary

• Monarch Surveyors & Engineering Consultants Limited will hold a Board of Directors meeting on Wednesday, May 6, 2026.
• The primary agenda item is to consider the recommendation of dividend for the Financial Year 2025-26.
• This intimation is made in compliance with Regulation 29 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Numbers & Dates

• Board Meeting Date: May 06, 2026

📊 Performance Summary

• Reporting Period(s): Half-Year Ended and Full Year Ended March 31, 2026.
• Unit: ₹ In Lakhs

(A) Half-Yearly Results

• Standalone Total Income: ₹10,327.70 Lakhs (₹103.28 Crores)
• Standalone Profit After Tax: ₹2,425.48 Lakhs (₹24.25 Crores)
• YoY Comparison (Total Income): ₹10,327.70 vs ₹11,676.10, showing a decline of 11.55%.

(B) Annual Results

• Standalone Total Income: ₹17,676.99 Lakhs (₹176.77 Crores)
• Standalone Revenue from Operations: ₹17,169.06 Lakhs (₹171.69 Crores)
• Standalone Profit for the Year: ₹3,723.36 Lakhs (₹37.23 Crores)
• Annual EPS (Basic): ₹26.30
• YoY Comparison (Total Income): ₹17,676.99 vs ₹15,566.09, showing an increase of 13.56%.

✅ What Looks Positive

• Annual Growth: Total income increased by 13.56% and annual profit grew by 6.90% year-on-year.
• Strong Balance Sheet: Net worth (Shareholders' funds) increased significantly from ₹10,899.15 Lakhs to ₹23,108.93 Lakhs, primarily due to the IPO listing in July 2025.
• Liquidity: The company holds ₹66.43 Crores in fixed deposits from unutilized IPO proceeds.
• Debt Reduction: Long-term borrowings decreased from ₹1,089.97 Lakhs to ₹772.07 Lakhs.
• Audit Status: The statutory auditors issued an unmodified opinion on the financial results.

⚠️ Risk Alerts & Concerns

• Half-Year Performance Decline: While the full year was positive, the total income for the second half of the year (H2 FY26) declined by 11.55% compared to H2 FY25.
• Expense Growth: Annual total expenses rose from ₹10,891.96 Lakhs to ₹12,622.23 Lakhs, which may pressure margins if revenue growth slows.

🧠 Investor Takeaway

Monarch Surveyors has successfully transitioned to a public company with its July 2025 IPO, utilizing the capital to reduce debt and strengthen its net worth. While the annual figures show healthy growth, investors should monitor the recent decline in half-yearly performance, as the H2 FY26 revenue and profit were lower than the corresponding period in the prior year.

📊 Performance Summary

• Reporting Period(s): Year Ended March 31, 2026; Half Year Ended March 31, 2026.
• Unit: ₹ In Lakhs

(A) Half-Yearly Results

• Standalone:
  • Total Income: 10,327.70 Lakhs (₹103.28 Crores)
  • Net Profit: 2,425.48 Lakhs (₹24.25 Crores)
• YoY Comparison: Total Income decreased to 10,327.70 Lakhs vs 11,676.10 Lakhs in the previous same period.
  • YoY Revenue Change: -11.55%

(B) Annual Results

• Standalone:
  • Total Income: 17,676.99 Lakhs (₹176.77 Crores)
  • Net Profit: 3,723.36 Lakhs (₹37.23 Crores)
• YoY Comparison: Total Income grew from 15,566.09 Lakhs to 17,676.99 Lakhs.
  • YoY Revenue Growth: 13.56%
  • YoY Net Profit Growth: 6.89% (from 3,483.22 Lakhs to 3,723.36 Lakhs)

✅ What Looks Positive

• Annual Growth: The company achieved growth in both total income (13.56%) and net profit (6.89%) on a full-year basis.
• IPO Liquidity: The company completed an IPO raising ₹93.75 Crores and maintains a significant cash reserve of ₹66.43 Crores in fixed deposits.
• Clean Audit: The statutory auditors issued an unmodified opinion on the financial statements.

⚠️ Risk Alerts & Concerns

• Recent Contraction: Income for the second half of the year (March 2026) fell by 11.55% compared to the previous year's second half, indicating a slowdown in the latter part of the fiscal year.
• Segment Concentration: The company operates in a single segment of engineering services and survey, providing no diversification of revenue streams.

🧠 Investor Takeaway

While Monarch Surveyors delivered annual growth and strengthened its balance sheet through a successful IPO, the contraction in revenue and profit during the second half of the year warrants attention. The company is currently highly liquid, holding ₹66.43 Crores in unutilized IPO funds, which provides a significant buffer for future utilization as per its stated objectives.

Summary

• Monarch Surveyors & Engineering Consultants Limited has been awarded a project management contract worth ₹4.91 crore (₹491.01 lakh) for upgrading Vande Bharat train maintenance depots.
• The project encompasses the upgradation/development of three key depot complexes in Pune, Mumbai, and Nagpur.
• The entire work is expected to be completed within 18 months from the date of the Letter of Acceptance.

Key Numbers & Dates

• Total Contract Value: ₹491.01 lakh (₹4.91 cr)
• Indicative Completion Timeline: 18 months from the date of Letter of Acceptance
• Letter of Acceptance Date: April 28, 2026

What Changes for the Business

• The company has secured a significant project management services contract with Central Railway for crucial railway infrastructure upgrades.

⚠️ What Could Go Wrong

• [Execution] The project execution is subject to obtaining necessary approvals from governmental authorities.

Summary

• Monarch Surveyors & Engineering Consultants Limited announced it received a Letter of Acceptance from Western Railway.
• The contract is for Final Location Survey (FLS) and Detail Project Report (DPR) for a new BG Railway Line between Nimach-Banswara-Dahod-Alirajpur-Nandurbar.
• The total value of the project is ₹654.20 lakh (₹6.54 cr) and it is expected to be completed within 12 months.

Key Numbers & Dates

• Total Order Value: ₹654.20 lakh (₹6.54 cr)
• Project Completion Timeline: Within 12 months from the Letter of Acceptance date.
• Report Date: April 27, 2026

What Changes for the Business

• The company has secured a new order, which will add to its order book and contribute to future revenue streams.
• The project involves critical survey and reporting work for a significant railway infrastructure development.

⚠️ What Could Go Wrong (source-based)

• [Execution] The work is subject to necessary approvals from governmental authorities.

Summary

• Monarch Surveyors and Engineering Consultants Limited has received a Letter of Acceptance for a track measurement project worth ₹239.36 lakh (₹2.39 cr) from South East Central Railway.
• The project involves Pre & Post tamping track measurements using a portable track geometry measurement Trolley system.
• This development is expected to positively impact the company's business operations.
• The entire work is scheduled for completion within 12 months from the acceptance date.

Key Numbers & Dates

• Total Order Value: ₹239.36 lakh (₹2.39 cr) for track measurement work.
• Project Completion Timeline: Within 12 months from the Letter of Acceptance date.
• Letter of Acceptance Date: April 24, 2026.
• Counterparty: South East Central Railway.

What Changes for the Business

• The company has secured a new project from South East Central Railway, which is expected to positively impact its business operations.
• This indicates continued business development and the ability to secure contracts for specialized track measurement services.

⚠️ What Could Go Wrong

• [Execution] The work is subject to necessary approvals from governmental authorities.

Concall: Investor Questions & Management Answers

• Not applicable.

Results Snapshot

• Not applicable.

What to Track Next

• Monitor the progress of obtaining necessary governmental approvals for the project.
• Track the commencement and execution of the track measurement work within the stipulated 12-month timeline.

📊 Performance Summary

• Reporting Period(s): Half year and Financial Year ended March 31, 2026.

✅ What Looks Positive

No clear positives visible in provided data as financial figures have not yet been released.

⚠️ Risk Alerts & Concerns

No specific financial risks can be identified from this meeting notice.

🧠 Investor Takeaway

The filing is a standard regulatory notice regarding an upcoming board meeting scheduled for April 29, 2026. Investors should monitor for the subsequent release of the audited financial statements to evaluate the company's fiscal performance for the 2026 period.

Summary

• Monarch Surveyors and Engineering Consultants Limited announced it has received a Letter of Acceptance for a track measurement survey project.
• The project is valued at ₹1.55 crore (₹1,54,54,269.59) and is awarded by Western Railway for the Ukai Songhad - Jalgaon section.
• The contract involves pre and post tamping using specialized equipment.
• The work is expected to be completed within 12 months from the issuance of the Letter of Acceptance.

Key Numbers & Dates

• Contract Value: ₹1.55 crore (₹1,54,54,269.59) for track measurement survey from Western Railway.
• Project Completion: Within 12 months from the Letter of Acceptance date.
• Disclosure Date: April 20, 2026.
• Referenced SEBI Circular: Dated November 11, 2024.

What Changes for the Business

• Secures a new project from a major railway entity, indicating business growth in the infrastructure and surveying sector.
• Reinforces company's capability in track measurement and surveying services using specialized technology.

⚠️ What Could Go Wrong (source-based)

• [Regulatory] The project work is subject to necessary approvals from governmental authorities.

What to Track Next

• Monitor the commencement and progress of the project.
• Track the timeline for obtaining necessary governmental approvals.

Summary

• Monarch Surveyors and Engineering Consultants has secured its largest contract to date, valued at ₹130.00 crore.
• The contract is with Northern Railway for comprehensive consultancy services for railway infrastructure projects.
• The deal is set to be executed over 36 months, providing strong revenue visibility.

Key Numbers & Dates

• Contract Value: ₹130.00 crore
• Contract Duration: 36 months
• Press Release Date: April 14, 2026

What Changes for the Business

• Significantly enhances the company's order book and multi-year revenue visibility.
• Reinforces Monarch's strong capabilities and positioning in the railway infrastructure consultancy sector.
• Indicates the company's ability to execute large-scale, integrated assignments.

Summary

• Monarch Surveyors and Engineering Consultants Limited has announced receiving a new rate contract.
• The contract is for carrying out Final Location Survey, Geotechnical studies, Design, Drawing preparation, and Land Acquisition facilitation for railway projects.
• The total order value for this contract is approximately ₹130.00 crore.
• The company anticipates this development will positively impact its business operations.

Key Numbers & Dates

• Total Order Value: ₹1,30,00,42,245.88 (₹130.00 cr)
• Project Completion: Within 36 months from the date of issue of Letter of Acceptance.

What Changes for the Business

• The company has secured a rate contract with Northern Railway for significant railway projects.
• Services include a range of activities from surveys and studies to design and land acquisition.
• This is expected to contribute positively to the company's business operations.

⚠️ What Could Go Wrong (source-based)

• [Other] The work is subject to necessary approvals from governmental authorities.
• [Execution] The project completion is tied to a 36-month timeline from the Letter of Acceptance, subject to timely execution.

What to Track Next

• Monitoring the issuance of the Letter of Acceptance to confirm the project start date.
• Tracking the progress of obtaining necessary governmental and regulatory approvals.

Summary

• Monarch Surveyors and Engineering Consultants Limited has approved the acquisition of 100% equity share capital of GM & FE Ryan Pty Ltd, an Australian engineering consultancy.
• The transaction is valued at approximately AUD 1.81 million.
• This move marks Monarch's strategic entry into the Australian market and is expected to be completed by May 2026, subject to due diligence and regulatory approvals.

Key Numbers & Dates

• Acquisition Price: Approximately AUD 1.81 million
• Target Equity Stake: 100%
• Announcement Date: April 10, 2026
• Expected Completion: May 2026

What Changes for the Business

• The acquisition provides Monarch with a strategic entry into the Australian market.
• It offers access to established client relationships and government procurement panels.
• The company aims to leverage synergies in technology, execution capabilities, and long-term client relationships.
• This move is expected to provide diversified revenue streams and enhance global positioning.

⚠️ What Could Go Wrong (source-based)

• [Deal] The acquisition is subject to the completion of due diligence and obtaining necessary regulatory approvals.

What to Track Next

• Completion of due diligence.
• Obtaining required regulatory approvals for the transaction.

Summary

• Monarch Surveyors & Engineering Consultants Limited has responded to a fine levied by the BSE for failing to submit a statement on shareholder complaints on time.
• The company clarified that the non-compliance was not willful.
• The Board noted the fine has been paid and has advised ensuring future compliance requirements are met minutely.
• Steps have been undertaken to strengthen processes and avoid similar delays in the future.

Key Numbers & Dates

• February 20, 2026: Date of BSE Email regarding non-submission of shareholder complaint statement.
• April 09, 2026: Date of the Board of Directors meeting where the matter was discussed.

What Changes for the Business

• The company is enhancing its internal compliance procedures.
• A renewed focus on meticulous adherence to listing regulations is in place to prevent recurrence of past delays.

What to Track Next

• Investors can track Monarch Surveyors' adherence to its strengthened processes and its ability to avoid future compliance issues.

Summary

• Monarch Surveyors & Engineering Consultants Limited's board has approved pursuing a binding agreement to acquire 100% of Australian firm GM & FE Ryan Pty Ltd.
• The total cash consideration for the acquisition is AUD $1.81 million.
• The deal represents a strategic entry into the Australian engineering market for Monarch.
• Completion is targeted for May 22, 2026, subject to due diligence and regulatory approvals.

Key Numbers & Dates

• Acquisition Consideration: AUD $1,810,000 (cash)
• Target Entity: GM & FE Ryan Pty Ltd (Australia)
• Target Revenue FY2025 (Actual): AUD $1.8 million
• Target Revenue FY2026 (Forecast): AUD $2.2 million
• Target Assets Value: AUD $310,700
• Target Completion Date: May 22, 2026
• Binding Agreement Target: April 17, 2026
• Source of Funds: Internal accruals / Bank loan (IPO proceeds not used).

What Changes for the Business

• Monarch is making a strategic entry into the Australian engineering market through this acquisition.
• The acquired business is directly within Monarch's main line of business, focusing on land surveying and engineering design.
• Benefits include immediate access to 7 Australian Government procurement panels, an 80% client retention rate, and a platform for Australian operations.

⚠️ What Could Go Wrong

• [Execution] The acquisition is contingent upon satisfactory completion of legal, financial, regulatory (including FIRB), tax, operational, commercial, assets, property, and technical due diligence.
• [Regulatory] The transaction requires necessary regulatory approvals under applicable laws.

What to Track Next

• Satisfactory completion of due diligence processes.
• Obtaining all necessary regulatory and governmental approvals.
• Execution of the final SPA by May 15, 2026.
• Completion of the acquisition by the target date of May 22, 2026.

Summary

• Monarch Surveyors and Engineering Consultants Limited has submitted a compliance certificate to BSE.
• The certificate confirms that Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, is not applicable for the quarter ended March 31, 2026.
• This is because the company's shares are entirely held in demat form, and no requests for rematerialization or dematerialization were received.

Key Numbers & Dates

• Quarter End Date: March 31, 2026 (for compliance certificate)
• Certificate Submission Date: April 06, 2026
• BSE Scrip Code: 544453
• ISIN: INEOVOL01028

Summary

• Monarch Surveyors & Engineering Consultants Limited will close its trading window for equity shares starting April 1, 2026.
• The closure is in compliance with SEBI's Insider Trading Regulations, ahead of the financial results for FY26.
• Designated persons and their relatives are prohibited from trading shares during this period.
• The Board Meeting date for financial results approval will be announced later.

Key Numbers & Dates

• Trading Window Closure Start Date: April 1, 2026
• Financial Year End: March 31, 2026
• Notice Date: March 26, 2026

What to Track Next

• The date of the Board Meeting to approve financial results.
• The eventual opening of the trading window after the Board Meeting.

Summary

• Monarch Surveyors and Engineering Consultants Limited has announced receiving a Letter of Acceptance (LOA) for a project from the National Highways Authority of India (NHAI).
• The total order value for the project is ₹2,87,77,500 (₹287.78 lakh or ₹2.88 cr).
• The company holds a 40% stake in the Joint Venture that secured this work.

Key Numbers & Dates

• Order Value: ₹287.78 lakh (₹2.88 cr) - Total order value of the project awarded to the JV, in which Monarch holds a 40% stake.
• Disclosure Date: March 21, 2026 - Date of the announcement to the stock exchange.
• Awarding Entity: National Highways Authority of India.
• Company's JV Stake: 40%.

What Changes for the Business

• The company has secured a new consultancy contract for a 6-lane road project and construction of a bypass, expanding its project portfolio.
• Monarch will participate in a Joint Venture for this project, holding a 40% stake.

⚠️ What Could Go Wrong (source-based)

• [Deal] The work is subject to necessary approvals from governmental authorities.

What to Track Next

• Monitor the status of necessary governmental approvals required for the project.
• Track the project's commencement timeline and progress as per contract terms.

Summary

• Monarch Surveyors & Engineering Consultants Limited has received a Letter of Acceptance for providing structural design services for various railway projects.
• The total value of the awarded contract is Rs. 7,51,10,062.06 (approximately ₹7.51 crore).
• The contract was awarded by the Construction Organization under CAO/Con/North, East Central Railway.
• The project involves design work for new lines, bridges, station buildings, and other ancillary structures, with completion expected within 36 months, subject to approvals.

Key Numbers & Dates

• Total Order Value: ₹7,51,10,062.06 (₹751.10 lakh or ₹7.51 cr)
• Completion Timeline: Within 36 Months from the date of issue of Letter of Acceptance
• Disclosure Date: March 20, 2026

What Changes for the Business

• The company has secured a significant new order from East Central Railway for providing crucial structural design services for railway infrastructure development.
• The scope includes design for new lines, doubling projects, Road Over Bridges, Road Under Bridges, station buildings, FOBs, and PF shelters.

⚠️ What Could Go Wrong (source-based)

• [Execution] The project's commencement and execution are subject to obtaining necessary approvals from governmental authorities.

What to Track Next

• Progress on obtaining necessary governmental approvals for the project.
• Commencement of design work and project execution.

Summary

• Monarch Surveyors & Engineering Consultants Limited has secured a new work order.
• The project involves consultancy services for a proposed dam, including DPR preparation, bidding process, and land acquisition assistance.
• The total order value is ₹4.99 crore.
• Monarch Surveyors will hold a 70% stake in the Joint Venture for this project.

Key Numbers & Dates

• Total Order Value: ₹4.99 cr
• Monarch's JV Stake: 70%
• Disclosure Date: March 13, 2026
• SEBI Circular Reference: November 11, 2024

What Changes for the Business

• Addition of a new work order, enhancing revenue streams.
• Expansion of services in infrastructure development consultancy, particularly for dam projects.

⚠️ What Could Go Wrong (source-based)

• [Regulatory] The work is subject to necessary approvals from governmental authorities.

Summary

• Monarch Surveyors & Engineering Consultants Limited has received a Letter of Acceptance (LOA) for a track measurement survey project.
• The order is from North Central Railway for Pre- and Post-tamping track measurement survey services.
• The total value of the contract is ₹1,53,75,474 (₹1.54 crore).
• The project is expected to positively impact the company's business operations.

Key Numbers & Dates

• Order Value: ₹1,53,75,474 (₹153.75 lakh (₹1.54 cr)) for track measurement survey from North Central Railway.
• Project Completion Timeline: 24 months from the date of issue of Letter of Acceptance.
• Disclosure Date: March 09, 2026.

What Changes for the Business

• The company expects this significant development to positively impact its business operations.

⚠️ What Could Go Wrong (source-based)

• [Execution] The work awarded is subject to necessary approvals from governmental authorities.

What to Track Next

• Receipt of necessary governmental and regulatory approvals.
• Commencement and progress of the track measurement survey project.

Summary

• Monarch Surveyors & Engineering Consultants Limited has been awarded a work order valued at ₹12.29 crore by the Maharashtra government.
• The contract is for providing Selection of Agency for Licensed Surveyor services to the Settlement Commissioner & Director of Land Records in Pune.
• The project is expected to positively impact the company's business operations.
• The work is scheduled for completion within 24 months, subject to government approvals.

Key Numbers & Dates

• Work Order Value: ₹12,28,92,000 (₹12.29 cr)
• Work Completion Timeline: Within 24 months
• Disclosure Date: March 09, 2026

What Changes for the Business

• The company expects the new work order to positively impact its business operations, indicating growth in its service offerings for government land record projects.

⚠️ What Could Go Wrong

• [Regulatory] The work is subject to necessary approvals from governmental authorities, which could cause delays or affect the project's commencement.

What to Track Next

• Receipt of all necessary governmental approvals for the project.
• Progress towards the 24-month completion timeline.

Summary

• Monarch Surveyors & Engineering Consultants Limited has secured a new work order from Western Railway.
• The order is valued at ₹1.28 crore for a track measurement survey.
• The project is expected to be completed within 18 months.

Key Numbers & Dates

• Order Value: ₹1.28 crore from Western Railway.
• Project Duration: Estimated completion within 18 months.
• LOA Date: March 02, 2026.
• Disclosure Date: March 04, 2026.

What Changes for the Business

• The order strengthens Monarch Surveyors' presence and project pipeline in the railway infrastructure segment.
• It leverages the company's technical expertise in high-precision track measurement services.

⚠️ What Could Go Wrong (source-based)

Concall: Investor Questions & Management Answers

Results Snapshot

What to Track Next

• Project commencement and progress updates.

Summary

• Monarch Surveyors and Engineering Consultants Limited has received a Letter of Acceptance (LOA) for a track measurement survey project.
• The project is awarded by Western Railway for a total value of ₹1,27,61,964.94 (₹12.76 cr).
• This development is expected to positively impact the company's business operations.

Key Numbers & Dates

• Order Value: ₹1,27,61,964.94 (₹12.76 cr) for pre & post-tamping track measurement survey.
• Disclosure Date: March 02, 2026.
• Indicative Completion Timeline: 18 Months from commencement.

What Changes for the Business

• The company has secured a new project which is expected to positively impact its business operations.

⚠️ What Could Go Wrong (source-based)

• [Execution] The work is subject to necessary approvals from governmental authorities.

What to Track Next

• Commencement and progress of the track measurement survey project.
• Timely completion within the 18-month indicative timeline, subject to necessary approvals.

Summary

• Monarch Surveyors & Engineering Consultants Limited will hold a virtual meeting with investors and analysts on March 6, 2026.
• The meeting is part of the 'Bharat Connect Conference: Rising Stars', organized by Arihant Capital.
• The company will not disclose any unpublished price-sensitive information during the session.

Key Numbers & Dates

• Meeting Date: Friday, March 06, 2026
• Meeting Time: 11:00 AM

What Changes for the Business

• The meeting provides an opportunity for investors and analysts to interact with the company, though no price-sensitive information will be shared.

⚠️ What Could Go Wrong (source-based)

• [Other] Changes may occur in the meeting schedule due to exigencies on the part of participants or the company.

What to Track Next

• The company will host information about the meeting on its website: https://www.monarchconsultants.in/.

Summary

• Monarch Surveyors & Engineering Consultants Limited has disclosed a fine of ₹22,420/- imposed by BSE Limited.
• The penalty was for non-submission of the statement on shareholder complaints for the quarter ended December 31, 2025.
• The company has completed the requisite compliance and submitted it to the stock exchange.

Key Numbers & Dates

• Penalty Amount: ₹22,420/- (including GST) imposed by BSE Limited.
• Reason for Penalty: Non-submission of shareholder complaint statement for the quarter ended December 31, 2025.
• Date of BSE notice: February 20, 2026.
• Disclosure Date: February 21, 2026.
• Payment Due: Within 15 days from the date of the notice.

What Changes for the Business

• The impact on the company is limited to the penalty amount of ₹22,420/-.
• No other financial, operational, or other activities of the listed entity are impacted, as stated by the company.

News Crux

This announcement details the investor complaint status for Monarch Surveyors & Engineering Consultants Limited for the quarter ended December 31, 2025, as per SEBI regulations.

News Crux

Monarch Surveyors and Engineering Consultants Limited announced securing a work order worth ₹4.93 Crore from the Office of the Executive Engineer, P.W (WB) Project Division, Chhatrapati Sambhajinagar. The order is for the preparation of a Detailed Project Report (DPR), land acquisition, and obtaining environmental/forest clearances for a 38.40 Km six-lane greenfield road project in Chhatrapati Sambhajinagar district. The company expects this to positively impact business operations.

Key Events

Monarch Surveyors and Engineering Consultants Limited announced receipt of a work order valued at ₹4.93 Crore. The scope includes the preparation of a Detailed Project Report (DPR), land acquisition for forest and non-forest land, and obtaining necessary approvals like forest and environmental clearances for a 38.40 Km six-lane greenfield road project. The execution is expected within 24 calendar months, followed by a 36-month Defect Liability Period (DLP). The company confirmed no related party involvement in this contract.

News Crux

Monarch Surveyors and Engineering Consultants Limited has announced securing a Letter of Acceptance for a project involving the preparation of a Detailed Project Report (DPR) and land acquisition for a significant road project in Chhatrapati Sambhajinagar district.

Key Events

Monarch Surveyors and Engineering Consultants Limited has received a Letter of Acceptance for a project valued at ₹4.33 Crore. The project involves preparing a Detailed Project Report (DPR) and land acquisition for a 35.80 km six-lane greenfield road in Chhatrapati Sambhajinagar.

Outlook

The company expects this order to positively impact business operations.

News Crux

Monarch Surveyors and Engineering Consultants Limited has been awarded a contract by Maharashtra Tourism Development Corporation Limited (MTDC) for Assets Demarcation, updation of Land Records & Assistance in Govt. Survey of MTDC Properties. The total order value is Rs. 6,04,73,814/- (approx. ₹6.05 Cr).

Key Events

Monarch Surveyors and Engineering Consultants Limited announced receipt of a new order from Maharashtra Tourism Development Corporation Limited (MTDC) for Assets Demarcation, updation of Land Records & Assistance in Govt. Survey of MTDC Properties. The total value of the order is Rs. 6,04,73,814/- (₹6.05 Cr). The company expects this to positively impact its business operations. The transaction is confirmed as domestic and not a related-party transaction.

Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance (LOA) from Central Railway. The contract is for updating, reconciling, certifying, and computerizing land plans related to the Pune-Miraj doubling project. This work is crucial for handing over updated land maps to the Pune division. The total value of this awarded project is Rs. 5,89,03,899.72, which translates to approximately Rs. 5.89 Crore. The company anticipates that this development will positively impact its business operations. As per the disclosure requirements, the contract is with a domestic entity, Central Railway, and it has been confirmed that it does not fall within related party transactions, with no interest from promoters or promoter group companies. The scope of work involves collecting survey records, identifying railway land, and updating land plans for the railway division. The consideration mechanism is cash, and the project is subject to necessary governmental approvals, with an estimated completion timeline as stipulated in the contract terms.

Monarch Surveyors and Engineering Consultants Limited announced a significant order win through a Letter of Acceptance from North Central Railway. The contract is valued at ₹22,78,64,358.25 (approximately ₹22.79 Crore) and entails undertaking Final Location Survey, geotechnical studies, design, drawing preparation, and other preliminary activities crucial for developing Detailed Project Reports (DPR) and EPC tender documents. These services are for upcoming railway infrastructure projects including new lines, bypass lines, doubling/multi-tracking, and flyovers. The company stated that this development is expected to positively impact its business operations. The order is classified as domestic and does not involve related parties. Work is slated to commence immediately, with completion adhering to the contract's stipulated timeline and subject to obtaining necessary governmental approvals. No financial results, guidance, or detailed financial performance metrics were part of this announcement, but the order represents a key operational achievement for the company.

Monarch Surveyors and Engineering Consultants Limited announced the appointment of Mr. Sanjay Premkumar Kandhari as its Chief Financial Officer (CFO) and designated Key Managerial Personnel (KMP). The Board of Directors approved this appointment following the recommendation of the Nomination and Remuneration Committee. The appointment is effective from February 06, 2026.

Mr. Kandhari is a qualified Chartered Accountant with over 25 years of post-qualification experience. His expertise spans leadership roles as CFO and GM-Finance across diverse sectors including manufacturing, infrastructure, shipping, FMCG, and services. He has managed organizations with revenues up to Rs. 1,190 crores and possesses significant experience in fund raising, IPOs, mergers & acquisitions, financial restructuring, strategic planning, risk assessment, and portfolio management. His track record includes securing over Rs. 485 crores in funding, leading due diligence with Big 4 firms, implementing IND AS and US GAAP reporting, and optimizing operational costs. Mr. Kandhari also has experience in domestic and international markets, including acquisitions in Australia and financial management in the UAE, with strong compliance exposure to SEBI/LODR, RBI, MCA, tax, and audit regulations.

The Board of Directors of Monarch Surveyors & Engineering Consultants Limited convened a meeting on Friday, February 06, 2026. During this meeting, the board approved significant changes in its Key Managerial Personnel (KMP).

Chief Financial Officer (CFO) Appointment and Resignation:

• Appointment: Based on recommendations from the Nomination and Remuneration Committee and the Audit Committee, the board approved the appointment of Mr. Sanjay Premkumar Kandhari as the Chief Financial Officer (CFO) and KMP, effective February 06, 2026.
  • Mr. Kandhari is a qualified Chartered Accountant with over 25 years of post-qualification experience. He has held leadership roles such as CFO and GM-Finance across manufacturing, infrastructure, shipping, FMCG, and services sectors, managing organizations with revenues up to Rs. 1,190 crores. His expertise includes fundraising (over Rs. 485 crores secured), IPOs, mergers & acquisitions, financial restructuring, strategic planning, and compliance.
• Resignation: The board also noted and accepted the resignation of Ms. Supriya Suresh Chougule from the post of Chief Financial Officer (KMP), with her cessation effective February 04, 2026.

Administrative Update:

• The company has updated its official email addresses. The previous emails, cs@monarchpune.in and investor.relations@monarchpune.in, have been changed to cs@monarchltd.com and investor.relations@monarchltd.com, respectively.

The board meeting commenced at 04:00 P.M. and concluded at 04:35 P.M. The information regarding these outcomes will be made available on the company's website.

Monarch Surveyors and Engineering Consultants Limited (formerly Monarch Surveyors and Engineering Consultants Pvt. Ltd.) has officially announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Ms. Supriya Suresh Chougule. The resignation is effective from the close of business hours on February 04, 2026, and is attributed to personal reasons. Notably, Ms. Chougule has expressed her willingness to continue contributing to the company in another role as may be assigned. The company has filed the requisite disclosure with the BSE Limited as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement also indicates that the information will be available on the company's website. No financial performance, outlook, or deep dive data is included in this specific disclosure.

The Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance (LOA) for a new project from South East Central Railway, valued at Rs 2,01,90,884/- (INR 2.02 Crores). The scope of work for this contract includes the measurement of all yards using an advanced trolley system, operating under the jurisdiction of Sr.DEN/Central/BSP. This order is from a domestic entity, and the consideration mechanism is cash. The company stated that this development is significant and is expected to positively impact its business operations. The announcement was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The work is subject to necessary governmental approvals, with an estimated completion timeline aligning with the contract terms. No financial results, guidance, or specific outlook beyond the positive impact of this order were provided in the announcement.

Vikram Solar Limited (VIKRAMSOLR) has commenced a postal ballot and remote e-voting process to seek shareholder approval for key changes in its board of directors. The voting period runs from January 22, 2026, to February 20, 2026. The company is proposing the appointment of Mr. Suresh Gopinathan Menon as a Non-Executive Non-Independent Director and Mr. Joginder Pal Dua as an Independent Director. Both were initially appointed as Additional Directors on December 1, 2025. Mr. Dua's appointment is for a five-year term ending November 30, 2030, and he will be over 75 years old during this tenure. Additionally, Ms. Neha Agrawal is proposed for re-appointment as a Whole-Time Director, designated as Director & Senior Vice President- Corporate Strategy, for a three-year term from March 22, 2026, to March 21, 2029. Her fixed annual salary is set at ₹64.28 lacs, with potential performance-linked bonus up to 40% of this compensation.

In the context of Ms. Neha Agrawal's re-appointment, the company disclosed financial performance figures for the fiscal years ending March 31, 2025, and March 31, 2024. For FY2024-25, Total Income was ₹34,516.72 million, Net Profit before Tax was ₹2,161.53 million, and Net Profit after Tax was ₹1,390.96 million. This compares to FY2023-24 figures of ₹24,560.84 million for Total Income, ₹1,002.43 million for Net Profit before Tax, and ₹668.17 million for Net Profit after Tax. This data indicates a year-on-year revenue growth of approximately 40.5% and a net profit after tax growth of about 108.2%. Detailed instructions for shareholders to participate in the remote e-voting process are provided.

Monarch Surveyors and Engineering Consultants Limited has officially informed the BSE about its compliance status concerning Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter that concluded on December 31, 2025. The company's designated Registrar and Transfer Agent, Bigshare Services Pvt Ltd, has issued a formal confirmation stating that Regulation 74(5) is not applicable to Monarch Surveyors during this period. The reason cited for this non-applicability is that the company's entire shareholding is maintained in a dematerialized form. Additionally, Bigshare Services confirmed that no requests from any company members for the dematerialization or rematerialization of their securities were received by the registrar during the specified quarter. This submission represents a routine procedural update pertaining to the management of the company's share registry and dematerialization status, and does not include details on financial results, operational performance, strategic guidance, or other business-specific announcements.

Shashijit Infraprojects Limited, a construction engineering firm, is currently facing significant financial and operational challenges. For the financial year 2024-25, the company reported a net loss of ₹3.11 crore on revenues of ₹22.82 crore, with a negative Return on Capital Employed (ROCE) of -12.28% and an increased working capital cycle of 106.05 days. Promoter holding has also seen a sharp decline.

Despite the annual losses, the company reported a net profit of ₹0.39 crore for the first quarter of FY26 (ended June 30, 2025), a notable 200% year-on-year increase in profit, although revenue saw a slight decline. The second quarter of FY26 (ended September 30, 2025) reported a net loss of ₹0.15 crore, albeit with a 71% YoY improvement in profit. However, these positive quarterly figures are overshadowed by severe headwinds.

Recent disclosures reveal multiple loan defaults in October and November 2025, ranging from ₹67,260 to ₹3,30,000, with the company acknowledging potential credit score impacts despite prompt repayments. Furthermore, a significant ₹8.34 crore civil construction contract with Toyo Ink India was terminated on November 25, 2025, due to project delays, with the client retaining rights to invoke the Advance Bank Guarantee.

On a positive note, the company received a Letter of Intent (LOI) for ₹2.25-2.50 crore for hospital construction work, expected to be executed within 8-10 months. Routine corporate announcements include the appointment of a new Company Secretary and Compliance Officer, the approval of FY25 Board's report, and the scheduled 18th Annual General Meeting (AGM). The company has also announced the closure of its trading window from January 1, 2026, pending the declaration of financial results for the quarter and nine months ended December 31, 2025.

The overall outlook remains cautious given the persistent financial distress, operational setbacks, and declining institutional confidence, despite the recent quarterly profit.

Monarch Surveyors and Engineering Consultants Limited announced a significant development with the receipt of a work order valued at Rs. 7.83 crore from Nashik Municipal Corporation. This contract is for survey consultancy and allied works for lands requisitioned/acquisitioned for the Sinhastha Kumbhamela 2027-28 event in Nashik and Trimbak. The company expects this new development to positively impact its business operations.

In terms of financial performance, the company recently disclosed its unaudited standalone financial results for the half-year ended September 30, 2025 (H1 FY26). Revenue for the period stood at ₹73.19 crore, with a net profit of ₹14.30 crore. The company achieved an approximate EBITDA margin of 27% during this period. Management has confirmed the strategic utilization of IPO funds towards capital expenditure and working capital, aiming to bolster operational capacity. Financial stability is supported by a debt-equity ratio of 0.18 and a robust interest service coverage ratio of 17.93.

An earnings conference call was held on November 17, 2025, to discuss these H1 FY26 results. Management highlighted margin sustainability and a positive future outlook driven by government initiatives in infrastructure development. The company's order book remained strong, exceeding ₹500 crore as of September 30, 2025, significantly bolstered by this and previous substantial project awards from entities like South Western Railway and Nagpur Metropolitan Region Development Authority, indicating sustained growth momentum.

This new order, along with the strong financial results and substantial order book, paints a positive outlook for Monarch Surveyors, supported by its strategic financial management and ongoing contributions to infrastructure development projects.

Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance (LOA) for a consultancy project valued at Rs 1.67 Crore. The project, awarded by the Jawaharlal Nehru Port Authority, involves the Preparation of Detailed Project Report and Detailed Engineering for the Construction of a Second Link Road to Jawaharlal Nehru Port and the Construction of a ROB (Road Over Bridge) connecting Jaskar and Karal Village. Management anticipates this new contract will positively impact the company's business operations. This award contributes to the company's robust order book, which stood at over ₹500 crore as of September 30, 2025. In terms of recent financial performance, Monarch Surveyors reported unaudited H1 FY26 results with revenue of ₹73.19 crore and a net profit of ₹14.30 crore. Key financial highlights include an approximate EBITDA margin of 27%, a healthy debt-equity ratio of 0.18, and a strong interest service coverage ratio of 17.93. The company is strategically deploying IPO funds towards capital expenditure and working capital. The new contract is a domestic transaction involving cash consideration and is subject to necessary governmental approvals, with work expected to commence immediately as per contract terms.

Monarch Surveyors and Engineering Consultants Ltd. has announced the receipt of a new appointment order worth ₹2 crore from Shahapur Nagar Panchayat. This project focuses on GIS-based base map creation and door-to-door property tax assessment survey to aid tax processes. Work is slated to commence immediately, pending necessary governmental approvals, and is a domestic, cash-based transaction without related party involvement. This addition to the company's portfolio follows strong H1 FY26 results, which reported revenue of ₹73.19 crore and net profit of ₹14.30 crore, alongside an approximate EBITDA margin of 27%. The company's financial health is characterized by a debt-equity ratio of 0.18 and a robust interest service coverage ratio of 17.93. Management confirmed the strategic deployment of IPO funds towards capital expenditure and working capital. The order book remains a key strength, exceeding ₹500 crore as of September 30, 2025, bolstered by numerous significant project wins, including recent substantial awards from entities like NMRDA, South Western Railway, and MSRDC. The outlook is positive, driven by ongoing infrastructure development and government initiatives, with management expressing confidence in margin sustainability. The company also appointed M/s. AKA & Associates as Secretarial Auditor for FY 2025-26.

Monarch Surveyors and Engineering Consultants Limited has submitted transcripts of its earnings conference call held on November 17, 2025, to discuss its unaudited standalone financial results for the half-year ended September 30, 2025 (H1 FY26).

The company reported a significant increase in financial performance: Revenue from operations stood at ₹7,319.78 lakhs (₹73.19 crore), marking a 44% year-on-year growth from ₹5,069.21 lakhs in H1 FY25. Total income grew by 45%, Profit Before Tax (PBT) increased by 55% to ₹2,012.11 lakhs (₹20.12 crore), and Profit After Tax (PAT) saw a 48% rise to ₹1,430.49 lakhs (₹14.30 crore). Earnings Per Share (EPS) improved to ₹10.11 from ₹6.81 in the prior period. The company maintained an approximate EBITDA margin of 27%, with management attributing margin improvements to efficient cost management and disciplined financial controls.

Financially, the company maintained a healthy debt-equity ratio of 0.18 and a robust interest service coverage ratio of 17.93. The strategic deployment of IPO funds towards capital expenditure and working capital was emphasized. Management clarified that an increase in 'other current assets' was due to advances for adopting new technologies, particularly digital twin solutions.

The order book remained strong, exceeding ₹500 crore as of September 30, 2025. Management expressed confidence in sustaining growth, driven by government infrastructure initiatives in roads, railways, and the burgeoning geospatial sector. Project execution timelines for the current order book range from six months to three years. Recent significant order wins include ₹4.15 crore and ₹10.74 crore from NMRDA, ₹3.19 crore from South Western Railway for land acquisition, and ₹4.32 crore from MSRDC for expressway optimization.

Expansion plans include opening new offices in Ahmedabad and Nashik, with consideration for international expansion in two to three countries. Regarding dividends, management stated that while no formal policy exists, they will consider it in the future after utilizing IPO funds for growth and expansion.

Monarch Surveyors and Engineering Consultants Limited announced on November 18, 2025, the receipt of a work order valued at Rs 4.32 crore from the Maharashtra State Road Development Corporation (MSRDC). The contract pertains to the optimization of interchanges construction for the Nagpur-Goa (Pavnar-Patradevi) Access Controlled Super Communication Maharashtra Shaktipeeth Expressway in Maharashtra. This domestic, cash-based transaction is not a related party deal and is subject to necessary governmental approvals, with work commencing immediately as per contract terms. The company anticipates this development will positively impact its business operations.

This new contract adds to a strong project pipeline, with the company's order book exceeding ₹500 crore as of September 30, 2025. Recent significant wins include orders from Nagpur Metropolitan Region Development Authority (NMRDA) and South Western Railway.

Financially, the company recently disclosed its unaudited standalone results for H1 FY26 (ended September 30, 2025), reporting revenue of ₹73.19 crore and a net profit of ₹14.30 crore. Key financial indicators include an approximate EBITDA margin of 27%, a debt-equity ratio of 0.18, and an interest service coverage ratio of 17.93. Management confirmed the strategic deployment of IPO funds towards capital expenditure and working capital.

In terms of corporate governance, M/s. AKA & Associates was appointed as the Secretarial Auditor for FY 2025-26 following board approval on November 10, 2025. An earnings conference call was held on November 17, 2025, to discuss the H1 FY26 performance and outlook.

• Monarch Surveyors and Engineering Consultants Limited hosted an earnings conference call on November 17, 2025, to discuss its unaudited standalone financial results for the half-year ended September 30, 2025.
• The company announced revenue of ₹73.19 crore and a net profit of ₹14.30 crore for H1 FY26, achieving an approximate EBITDA margin of 27%.
• Key financial highlights presented included a healthy debt-equity ratio of 0.18 and a robust interest service coverage ratio of 17.93.
• Management confirmed the strategic utilization of IPO proceeds for capital expenditure and working capital needs.
• The company's order book remained strong, exceeding ₹500 crore as of September 30, 2025, indicating sustained business development.
• Recent significant order wins, such as a ₹3.19 crore contract for land acquisition from South Western Railway and substantial projects from NMRDA valued at ₹10.74 crore and ₹4.15 crore, were noted to positively impact future operations.
• In addition to financial performance, the company disclosed the appointment of M/s. AKA & Associates as its Secretarial Auditor for the fiscal year 2025-26, following board approval on November 10, 2025. This appointment reinforces the company's commitment to corporate governance and compliance with SEBI regulations.
• The audio recording of the earnings conference call is available on the company's website for stakeholder reference.

Monarch Surveyors and Engineering Consultants Limited has submitted its unaudited standalone financial results for the half-year ended September 30, 2025 (H1 FY26) and an updated investor presentation. The company reported significant year-on-year growth: revenue increased by 44.4% to ₹73.19 crore (₹7,319.78 Lakhs) from ₹50.69 crore (₹5,069.21 Lakhs) in H1 FY25. Net profit saw a substantial rise of 48.4%, reaching ₹14.30 crore (₹1,430.49 Lakhs) compared to ₹9.64 crore (₹963.91 Lakhs) in the prior-year period. Profit Before Tax grew by 55.3% to ₹20.12 crore (₹2,012.11 Lakhs).

The financial performance reflects strong operational efficiency, with an EBITDA margin of approximately 27% for H1 FY26. Key financial ratios include a healthy debt-equity ratio of 0.18 and an interest service coverage ratio of 17.93. The company is actively deploying its IPO proceeds of ₹93.75 crore (raised in July 2025), having utilized ₹12.99 crore by September 30, 2025, for capital expenditure and working capital. The remaining ₹80.76 crore is held in fixed deposits for future technology upgrades, geographic expansion, and talent acquisition.

The investor presentation outlines strategic priorities focusing on accelerating project delivery across rail, road, and industrial corridors, enhancing technology leadership in LiDAR and geospatial capabilities, and expanding geographically. Management expresses a positive outlook, positioning the company to benefit from India's ongoing infrastructure supercycle and significant capital expenditure across various sectors. The order book stood at over ₹500 crore as of September 30, 2025. The company also announced the appointment of M/s. AKA & Associates as its Secretarial Auditor for FY 2025-26.

Monarch Surveyors & Engineering Consultants Ltd. announced its unaudited standalone financial results for the half-year ended September 30, 2025 (H1 FY26), reporting a revenue of ₹73.19 crore and a net profit of ₹14.30 crore. The company achieved an approximate EBITDA margin of 27% (29.90%), a debt-equity ratio of 0.18, and an interest service coverage ratio of 17.93. Year-on-year, revenue grew by 44.39% and net profit by 48.41% for H1 FY26 compared to H1 FY25. Strategic deployment of IPO funds raised in July 2025 (₹93.75 Cr) is underway, with ₹28 Lakhs allocated to machinery and ₹4.40 crore to working capital as of September 30, 2025, with remaining funds earmarked for technology upgrades, geographic expansion, and talent acquisition. M/s. AKA & Associates has been appointed as the Secretarial Auditor for FY 2025-26. An investor presentation and an earnings conference call were conducted on November 17, 2025, to discuss these results and the company's future strategy. The order book stands at ₹500+ Crores as of September 30, 2025, bolstered by recent contract wins.

Monarch Surveyors & Engineering Consultants Limited has announced an Earnings Conference Call for its H1 FY26 financial results, scheduled for Monday, November 17, 2025, at 04:30 PM IST. The company's Board of Directors approved the unaudited standalone financial results for the half-year ending September 30, 2025, on November 10, 2025.

The reported H1 FY26 financial performance indicates a revenue of ₹73.19 crore and a net profit of ₹14.30 crore. Key financial highlights include an EBITDA margin of approximately 27%, a debt-equity ratio of 0.18, and an interest service coverage ratio of 17.93. The company also disclosed the deployment of IPO funds towards capital expenditure and working capital.

In parallel, the company has been actively securing new business. Recent order wins include a Letter of Acceptance worth ₹3,19,14,172 from South Western Railway for land acquisition for railway projects, and work orders from the Nagpur Metropolitan Region Development Authority (NMRDA) valued at ₹10.74 crore for the Outer Ring Road project and ₹4.15 crore for the Naveen Nagpur Project. Other significant contracts involve consultancy services for land acquisition for various expressway projects and detailed project reports for railway lines.

Further corporate governance updates include the appointment of M/s. AKA & Associates as the Secretarial Auditor for FY 2025-26, approved on November 10, 2025.

The upcoming conference call aims to discuss these financial results, recent project wins, and the company's strategic direction with investors and analysts. The management team, including the Managing Director and CFO, will be present to address queries.

Monarch Surveyors and Engineering Consultants Limited, a provider of civil engineering consultancy services, has announced receiving a significant work order on November 12, 2025. The contract, valued at ₹3.87 crore, is for the implementation of a pilot project involving the surveying and mapping of Sub-division Land Parcels across 18 Talukas in Maharashtra. The client is the Settlement Commissioner and Director of Land Records, Maharashtra State. This domestic order involves cash consideration, is not a related party transaction, and requires necessary governmental approvals. The company anticipates a positive impact on its business operations, with work commencing immediately. This order adds to a series of recent contract wins, including significant projects for the Somnath Dwarka Expressway and the Nagpur Metropolitan Region Development Authority. Financially, for H1 FY26, the company reported revenue of ₹73.19 crore and a net profit of ₹14.30 crore, with an EBITDA margin of approximately 27%.

Monarch Surveyors and Engineering Consultants Limited announced the publication of its unaudited financial results for the half-year ended September 30, 2025. The Board of Directors approved these results on November 10, 2025, and they were published in newspapers 'Financial Express' and 'Loksatta' on November 12, 2025. The company also appointed M/s. AKA & Associates as its Secretarial Auditor for FY 2025-26. Earlier reports indicated H1 FY26 revenue of ₹73.19 crore and net profit of ₹14.30 crore.

Monarch Surveyors & Engineering Consultants Ltd. has announced its unaudited financial results for the half-year ended September 30, 2025 (H1 FY26). This marks the company's first results declaration as a publicly listed entity on the BSE SME platform. For H1 FY26, the company reported a revenue from operations of ₹73.19 crore and a net profit of ₹14.30 crore. The total income for the period was ₹74.79 crore, with other income contributing ₹1.59 crore. The company achieved an EBITDA margin of approximately 27%, indicating effective cost management and scale efficiencies. Key expense heads included employee benefits of ₹15.62 crore and other operating and administrative costs of ₹35.69 crore. Monarch's financial health is underscored by a healthy interest service coverage ratio of 17.93 and a low debt-equity ratio of 0.18. As of September 30, 2025, total assets stood at ₹247.4 crore, with reserves at ₹195.1 crore. The company raised ₹93.75 crore through its public issue in July 2025, with ₹0.28 crore deployed for machinery purchases and ₹4.40 crore for working capital by the end of the reporting period. Managing Director Dattatraya Mohaniraj Karpe expressed confidence in the performance, highlighting the company's robust beginnings as a listed entity and its strategic positioning to capitalize on the expanding infrastructure and industrial ecosystem.

Monarch Surveyors and Engineering Consultants Limited has officially disclosed the appointment of a Secretarial Auditor for the upcoming Financial Year 2025-26. The company's Board of Directors, in a meeting held on November 10, 2025, approved the appointment of M/s. AKA & Associates, a firm of Practicing Company Secretaries, for this role. This appointment is a routine corporate compliance measure mandated by the Securities and Exchange Board of India (SEBI) and falls under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. AKA & Associates, holding the ICSI Unique Code S2024MH992000, is a Pune-based firm. The lead partner, Amit Kumar Agarwal, is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and has been in practice since 2016. He brings over 10 years of substantial experience, with a strong focus on corporate laws, governance, and compliance matters. The firm is recognized for its specialized services, which include Secretarial Audit & Corporate Governance, Corporate Certifications, Advisory under Company Law & FEMA, and other allied legal and regulatory compliance services. The appointment is for the entirety of the Financial Year 2025-26. The disclosure also references SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, underscoring the adherence to updated regulatory guidelines. The company has committed to uploading this information on its official website, www.monarchconsultants.in, ensuring transparency for stakeholders. This announcement does not involve any financial performance metrics, outlook updates, or significant operational changes, but is crucial for maintaining good corporate governance and regulatory compliance.

Monarch Surveyors and Engineering Consultants Limited announced its unaudited standalone financial results for the half-year ended September 30, 2025, following its Initial Public Offering (IPO) and listing on the BSE SME Platform on July 29, 2025. These are the first financial results post-listing.

For H1 FY26, the company reported Revenue from Operations of ₹7,319.78 Lakhs and Profit After Tax (PAT) of ₹1,430.49 Lakhs, translating to an Earnings Per Share (EPS) of ₹10.11. This represents a significant year-on-year growth compared to H1 FY25, which saw Revenue from Operations of ₹5,069.21 Lakhs and PAT of ₹963.91 Lakhs, with EPS at ₹6.81. This indicates a robust YoY increase of approximately 44.39% in revenue and 48.40% in PAT.

The company's balance sheet as of September 30, 2025, shows total assets of ₹24,739.94 Lakhs and total equity of ₹20,925.71 Lakhs, a substantial increase from ₹14,825.23 Lakhs and ₹10,899.15 Lakhs respectively as of March 31, 2025, largely due to IPO proceeds. Cash and bank balances increased to ₹732.36 Lakhs from ₹571.11 Lakhs.

The cash flow statement for H1 FY26 shows net cash flow from financing activities at ₹3,782.76 Lakhs, primarily driven by the IPO. Operating cash flow was ₹2,018.13 Lakhs before tax paid.

In addition to the financial results, the Board of Directors approved the appointment of M/s. AKA & Associates, Practicing Company Secretaries, as the Secretarial Auditor for the Financial Year 2025-26. The company operates in a single segment of engineering services and survey.

Monarch Surveyors & Engineering Consultants Limited held a board meeting on November 10, 2025, which commenced at 4:00 PM and concluded at 4:45 PM. The board approved the unaudited standalone financial results for the half-year ended September 30, 2025. Specific financial figures such as revenue, profit, or EPS were not disclosed in this announcement. Furthermore, the company appointed M/s. AKA & Associates as its Secretarial Auditor for the Financial Year 2025-26. This firm, founded by Amit Kumar Agarwal, has over 10 years of experience in corporate laws, governance, and compliance, and is recognized by ICSI. The appointment and financial results approval were disclosed as per SEBI LODR Regulations. No information regarding outlook, guidance, major orders, expansions, or penalties was provided.

Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance (LoA) for a significant contract from South Western Railway. The order, valued at Rs 3,19,14,172, involves providing facilitation services to the Competent Authority for Land Acquisition (CALA) under the Railway Act, 1989. This project is crucial for the railway's doubling and traffic facility works planned between Chikajajur and Bellary stations, impacting both the Mysuru and Hubballi Divisions of South Western Railway. The company stated that this is a significant development expected to positively impact its business operations. Work is slated to commence immediately, with an estimated completion timeline defined by the contract terms. The transaction is domestic and does not involve related party dealings. The company will also make this information available on its website.

Monarch Surveyors and Engineering Consultants Limited has announced a significant development with the receipt of a work order from the Nagpur Metropolitan Region Development Authority. The contract, valued at ₹10,74,00,000 (₹10.74 crore), is for providing End-to-End Land Acquisition Support, including direct purchase, documentation, and liaisoning up to mutation, for the Outer Ring Road project. This order is expected to have a positive impact on the company's business operations. The announcement was made on November 05, 2025. The company clarified that this transaction does not involve related parties and is based on cash consideration. Commencement of work is immediate, with the completion timeline to be determined as per the contract terms, and the project is subject to necessary governmental approvals.

Monarch Surveyors and Engineering Consultants Limited has announced a significant work order win from the Nagpur Metropolitan Region Development Authority (NMRDA). The order, valued at Rs. 4,15,40,000 (approximately INR 4.15 Crores), is for providing end-to-end land acquisition support for the Naveen Nagpur Project. This includes direct purchase, documentation, and liaisoning services up to the mutation stage. The company stated this is a significant development expected to positively impact its business operations. As per the provided Annexure A, the transaction is not a related party transaction, and the promoter/promoter group Companies have no interest in this work contract. The industry pertains to land acquisition activities and liaisoning, with the objective being to facilitate land acquisition for the Naveen Nagpur Project under NMRDA. The consideration mechanism is cash, and the work is subject to necessary governmental approvals and is set to commence immediately with completion as per contract terms. No specific quarterly or annual financial performance, management guidance, or balance sheet/cash flow details were provided in this announcement. The company is obligated to make such disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following SEBI circulars.

Monarch Surveyors and Engineering Consultants Limited has issued an official intimation to BSE Limited regarding a forthcoming Board Meeting. The meeting is scheduled to take place on Monday, November 10, 2025. The primary agenda item for this board session will be the consideration and approval of the company's un-audited financial results for the half-year period that concluded on September 30, 2025. This announcement is in accordance with the regulatory framework set forth by SEBI, specifically Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of material information to the stock exchanges.

The news itself is an announcement of a corporate event, not a disclosure of financial performance metrics. Therefore, it does not contain specific details on quarterly or annual revenue, EBITDA, PAT, margins, EPS, or comparisons against analyst expectations. Similarly, there is no management guidance, outlook, or commentary on growth drivers, risks, or call highlights mentioned in this notice.

In terms of financial deep dive, balance sheet information, cash flow analysis, or key financial ratios (ROE/ROCE, debt levels, liquidity ratios) are absent, as the results themselves have not yet been finalized or approved. There are also no mentions of major orders, expansions, penalties, product launches, regulatory actions, or dividend/buyback announcements within this particular filing.

The significance of this intimation lies in its signaling of the impending release of financial results. Investors, analysts, and the market will await the approved financial statements for a comprehensive understanding of Monarch Surveyors and Engineering Consultants Limited's performance and financial health during the first half of the fiscal year 2025-26. The actual financial data, commentary, and any future outlook will be disclosed by the company once the board meeting concludes and the results are officially announced.

Monarch Surveyors and Engineering Consultants Ltd (Scrip Code: BSE - 544453) has submitted a confirmation certificate to BSE Limited regarding compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This filing pertains to the quarter ended September 30, 2025.

The confirmation, provided by the company's Registrar and Transfer Agent, Bigshare Services Pvt Ltd (Ref No. BSS/74(5), dated October 7, 2025), states that Regulation 74(5) is not applicable to Monarch Surveyors and Engineering Consultants Ltd for the quarter ended September 30, 2025. The reason cited for non-applicability is that the company's entire shareholding is already in dematerialized form. Consequently, Bigshare Services Pvt Ltd did not receive any requests from the company's members for the dematerialization or rematerialization of securities during the specified quarter.

This is a standard procedural compliance filing. The news does not contain any information related to quarterly or annual financial results, performance metrics (revenue, PAT, margins, EPS), analyst EPS comparisons, management guidance, outlook, growth drivers, risks, financial deep dives (income statement, balance sheet, cash flow, ratios), major orders, expansions, penalties, or product launches. It is purely a confirmation of the company's status regarding share dematerialization procedures as per SEBI regulations. The company's registered office is in Pune, Maharashtra.

Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance for a significant engineering project in the railway sector. The order, valued at Rs. 6,18,96,221.98 (Rupees Six Crore Eighteen Lakh Ninety-Six Thousand Two Hundred and Twenty-One Rupees and Ninety-Eight Paise Only), involves a comprehensive suite of services for the proposed Additional New BG Railway Line between Jammu Tawi (JAT) and Shri Mata Vaishno Devi Katra (SVDK) railway stations in the Jammu Division. The scope of work includes conducting the final location survey, associated geological studies, traffic surveys, and techno-economic studies. Furthermore, the company will be responsible for the design of the railway alignment and the preparation of a Detailed Project Report (DPR). This is a crucial step in the infrastructure development process for new railway lines. The announcement, made on October 11, 2025, confirms that this is a new and current development for the company. The transaction is structured as a cash consideration and has been confirmed not to fall within related party transactions, with no interest from promoter or promoter group companies in this work contract. The project will require necessary approvals from governmental authorities. As per the letter of acceptance, the work is expected to commence immediately, with the estimated completion timeline to be determined in accordance with the contract terms. The company anticipates that this significant development will positively impact its business operations. Monarch Surveyors and Engineering Consultants Limited, formerly known as Monarch Surveyors and Engineering Consultants Private Limited, operates in the engineering consultancy sector and this order signifies a key project win.

Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance for a significant project involving the measurement of all yards using an advanced trolley. This work will be undertaken under the jurisdiction of the Senior Divisional Engineer North of Bilaspur Division. The total value of this contract is Rs. 2,05,93,870.70 (Rupees Two Crore Five Lakh Ninety-Three Thousand Eight Hundred and Seventy Rupees and Seventy Paise Only).

The company stated that this is a significant development expected to positively impact its business operations. The disclosed information highlights that the contract does not fall under related party transactions, and the promoter or promoter group companies have no interest in this specific work contract. The objective of the contract is the measurement of yards using advanced technology. The work is subject to necessary governmental or regulatory approvals, and commencement is expected immediately as per the contract terms, with an estimated completion timeline also defined by the contract. The consideration mechanism is cash-based. The company made this disclosure on October 11, 2025.

Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance for providing consultancy services for all land acquisition activities for Package - 6 of the proposed Somnath Dwarka Expressway. The total value of this contract is Rs 21,80,72,250/- (Rupees Twenty One Crore Eighty Lakh Seventy Two Thousand Two Hundred Fifty Only). The company states this is a significant development expected to positively impact its business operations. The work involves land acquisition for the expressway project, and the consideration is cash-based. The work is subject to necessary governmental approvals and is expected to commence immediately with completion timelines as per contract terms. This is not a related party transaction, and the promoter/promoter group has no interest in this work contract. The news was disclosed to BSE on October 11, 2025.

Monarch Surveyors and Engineering Consultants Limited announced on October 11, 2025, that it has received a Letter of Acceptance for its engagement as a consultant for all Land Acquisition Activities for Package - 4 of the proposed Somnath Dwarka Expressway. The significant order value amounts to ₹37,66,70,250/- (Thirty-Seven Crore Sixty-Six Lakh Seventy Thousand Two Hundred and Fifty Only). This project is situated along the Rajkot to Porbandar stretch. The company stated that this development is expected to positively impact its business operations. The transaction is not related-party based and is subject to necessary governmental approvals. The work is set to commence immediately with an estimated completion timeline in accordance with contract terms, and the consideration mechanism is cash. The company previously known as Monarch Surveyors and Engineering Consultants Private Limited also confirmed that the information would be available on its website and was disclosed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Monarch Surveyors and Engineering Consultants Limited (formerly Monarch Surveyors and Engineering Consultants Pvt. Ltd.) made a regulatory disclosure to BSE Limited on October 11, 2025, regarding a significant development. The company has received a Letter of Acceptance to serve as a consultant for all Land Acquisition Activities for Package 3 of the Proposed Somanath Dwarka Expressway, specifically for the Rajkot to Dwarka length. The total value of this contract is Rs 41,43,37,275/- (Rupees Forty-One Crores, Forty-Three Lakhs, Thirty-Seven Thousand, Two Hundred and Seventy-Five Only). This order is expected to positively impact the company's business operations. According to the disclosure details, this is a work contract for land acquisition activities related to the expressway project and does not fall within related party transactions, with no interest from the promoter or promoter group. The contract involves cash consideration, and necessary governmental or regulatory approvals are required for the work, which is set to commence immediately with completion timelines as per contract terms. Monarch Surveyors and Engineering Consultants Limited is listed on the BSE under Scrip Code 544453.

Monarch Surveyors and Engineering Consultants Limited (formerly known as Monarch Surveyors and Engineering Consultants Private Limited) has announced a key corporate governance development: the appointment of Mr. Anuj Shashikumar Bajoria as its Internal Auditor for the financial year 2025-2026. This decision was formally approved by the company's Board of Directors during their meeting held on Tuesday, October 07, 2025. The appointment was made following a positive recommendation from the company's Audit Committee.

Mr. Anuj Shashikumar Bajoria brings a strong professional background to the role. He holds a Bachelor of Commerce degree and has successfully cleared the CA Intermediate examinations from the Institute of Chartered Accountants of India. His expertise spans finance, internal controls, and auditing, with a comprehensive understanding of accounting principles, financial management, risk assessment, and adherence to auditing standards. This appointment is crucial for maintaining robust internal financial controls and ensuring compliance.

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, keeping investors and stakeholders informed about significant corporate actions. The Board meeting where this resolution was passed commenced at 2:00 p.m. (IST) and concluded at 3:00 p.m. (IST) on October 07, 2025.

This news pertains to a standard corporate governance update and does not involve any financial results, management guidance, or new business orders, penalties, or expansions. The focus is solely on strengthening the company's internal audit function for the specified financial year.

Monarch Surveyors and Engineering Consultants Limited has officially announced the appointment of Mr. Anuj Shashikumar Bajoria as its Internal Auditor for the upcoming financial year, 2025-2026. The board meeting where this decision was ratified took place on Tuesday, October 07, 2025, commencing at 2:00 PM IST and concluding at 3:00 PM IST. This appointment is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was made upon the recommendation of the company's Audit Committee.

Mr. Anuj Shashikumar Bajoria's profile includes a Bachelor of Commerce degree and completion of CA Intermediate groups from the Institute of Chartered Accountants of India. He possesses considerable expertise and experience in areas critical to internal audit, such as finance, internal controls, and audit practices. His qualifications also indicate a deep understanding of accounting principles, financial management, risk management, and prevailing auditing standards, which are essential for fulfilling the role of an Internal Auditor effectively.

The company has formally submitted this intimation to BSE Limited (Scrip Code: 544453) for public record. This is a standard governance procedure to ensure robust internal financial checks and balances for the specified financial period. The news does not contain any financial performance figures, market outlook, guidance, or significant business developments like orders or expansions.

Monarch Surveyors and Engineering Consultants Limited has voluntarily disclosed the receipt of a Letter of Acceptance for a significant project, valued at Rs. 2,01,16,890.8/- (Rupees Two Crore One Lakh Sixteen Thousand Eight Hundred Ninety and Eighty Paise Only). The company has classified this event as non-material according to its materiality policy but is disclosing it voluntarily in the interest of transparency and good governance, as per SEBI regulations. The scope of work encompasses crucial activities for the construction of a new railway line between Rowghat and Jagdalpur, covering approximately 140 km. These activities include land acquisition, preparation of land plans, L-sections, fixing of land boundaries, and geo-technical work. The project aims to improve connectivity and enhance transportation infrastructure in the region. The company confirmed that this is not a related party transaction and that promoters have no interest in the work contract. The work is subject to necessary governmental and railway authority approvals, and it is expected to commence immediately with an estimated completion timeline as per contract terms. Monarch Surveyors anticipates that this contract will positively impact its business operations. The disclosure was made to BSE Limited with Scrip Code: 544453 on September 18, 2025.

Monarch Surveyors and Engineering Consultants Limited has announced the receipt of a Letter of Acceptance for a consultancy project valued at Rs 2.46 Crores (2,46,00,000). The project encompasses conducting a Traffic Circulation & Safety Study for the Kolkata Dock System (KDS) and Haldia Dock Complex (HDC), entities under Syama Prasad Mookerjee Port (SMP), Kolkata. The company has classified this event as non-material, opting for a voluntary disclosure in line with its materiality policy and SEBI regulations to ensure transparency and good governance. The project's objective is to improve urban mobility, reduce congestion, and enhance traffic safety within the port areas. Monarch Surveyors anticipates that this contract will positively impact its business operations. The contract involves cash consideration and is not a related party transaction. Work is expected to commence immediately with an estimated completion timeline to be defined by the contract terms. This news does not provide details on the company's quarterly or annual financial performance, EBITDA, PAT, EPS, margins, or compare them against analyst estimates. Furthermore, there is no information regarding management guidance, outlook, specific growth drivers, risks, financial statement deep-dives, balance sheet health, cash flow analysis, key ratios (ROE, ROCE, Debt/Equity), or any prior period comparisons. No expansions, penalties, product launches, or significant regulatory updates are mentioned in this disclosure.