Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we hereby submit the disclosure regarding Letter of Acceptance received ....
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Awaiting price reaction for this filing.
Monarch Surveyors and Engineering Consultants Limited has received a Letter of Acceptance from South Western Railway, a Government of India undertaking under the Ministry of Railways. The work involves providing facilitation to the Competent Authority for Land Acquisition (CALA) under the Railway Act, 1989, for railway doubling and traffic facility works between Chikajajur and Bellary stations in the Mysuru and Hubballi Divisions. The total order value is Rs. 3,19,14,172 (approximately Rs. 3.19 crore). This is a domestic order, not a related-party transaction, with cash as the consideration. Work is expected to commence immediately as per the contract terms.
This adds a new government-backed order worth ~Rs. 3.19 crore to the company's order book, providing modest revenue visibility. The contract reinforces Monarch's presence in railway infrastructure consulting, though the size is relatively small and unlikely to materially move the stock on its own.