Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we hereby submit the disclosure regarding the work order received ....
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Monarch Surveyors and Engineering Consultants Ltd has received a work order valued at Rs. 10,74,00,000 (around Rs. 10.74 crore) from the Nagpur Metropolitan Region Development Authority (NMRDA). The scope covers end-to-end land acquisition support including direct purchase, documentation, and liaisoning up to mutation for the Outer Ring Road project. The work is to commence immediately, with completion timeline as per contract terms. The order is a government (public sector) contract and is not a related-party transaction. The company describes it as a significant development expected to positively impact business operations.
This is a meaningful new order from a government authority that strengthens the company's order book and provides revenue visibility in the near term. For shareholders, it signals continued business wins in the infrastructure land-acquisition space, though the Rs. 10.74 crore value (relative to the company's small size) should be weighed against execution timelines.