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 Jawaharlal ....
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Monarch Surveyors has received a Letter of Acceptance from Jawaharlal Nehru Port Authority (JNPT) for consultancy services related to the preparation of a Detailed Project Report and Detailed Engineering for the construction of a Second Link Road to JNPT and a Road Over Bridge connecting Jaskar and Karal Village. The contract is valued at Rs. 1.67 crore (One Crore Sixty-Seven Lakhs). It is a domestic order from a central government entity, with cash-based payment and work to commence immediately. The order is classified by the company as a significant development expected to positively impact business operations.
The order from a major government port authority adds a credible marquee client to the company's order book and supports near-term revenue visibility. However, given the Rs. 1.67 crore size, the immediate impact on stock price is likely modest unless it triggers further similar wins.