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 Maharashtra ....
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Monarch Surveyors and Engineering Consultants Ltd has received a work order valued at approximately Rs. 4.99 crores from Maharashtra State Road Development Corporation Limited (MSRDC), a state government undertaking. The order is for consultancy services including preparation of a Detailed Project Report (DPR), handling the bidding process, and assisting with land acquisition for a proposed dam at Village Chavani, Taluka Khalapur, District Raigad in Maharashtra. The project will be executed through a joint venture in which Monarch holds a 70% partnership stake, implying the company's share of revenue is around Rs. 3.49 crores. The work is domestic, on a cash consideration basis, and is not a related-party transaction. The company is required to comply with applicable governmental and regulatory approvals before commencement.
This is a positive new order win from a government client, which strengthens Monarch's order book and reflects continued business traction in infrastructure consultancy. The order size is modest in absolute terms, so the immediate impact on the stock may be limited, but it signals ongoing government project flow.