Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we hereby submit that Company has received an order from Western Railway.
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Awaiting price reaction for this filing.
Monarch Surveyors and Engineering Consultants Ltd has received a Letter of Acceptance (LOA) from Western Railway for pre and post-tamping track measurement survey work using Trimble Gedo Vorsys trolley system. The order is for the Rajkot division (under the Divisional Engineer, East) and is valued at Rs. 1.28 crore (Rs. 1,27,61,964.94). The contract is entirely domestic, awarded by a government entity, and not a related-party transaction. The work is expected to be completed within 18 months from commencement, with cash as the mode of consideration.
This is a modest government order from Indian Railways that adds to the company's order book and supports its railway surveying business, but at Rs. 1.28 crore it is unlikely to be a material stock-moving event on its own.