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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Monarch Surveyors and Engineering Consultants Ltd has received a Letter of Acceptance from Western Railway for conducting pre and post tamping track measurement survey using Trimble GEDO Vorsys trolley system. The survey will cover the Ukai Songhad - Jalgaon section under the Sr. DEN/E/MMCT jurisdiction. The total order value is Rs. 1,54,54,269.59 (approximately Rs. 1.55 crore), to be completed within 12 months from the date of acceptance. The contract is a domestic project with cash consideration and does not involve any related party transactions.
This is a positive development as the company secures a government contract from Indian Railways, providing revenue visibility for the next 12 months. The order size appears meaningful for a company of this scale, though the exact impact depends on the company's total annual revenue.