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 Settlement ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Monarch Surveyors has received a work order from the Settlement Commissioner and Director of Land Records, Maharashtra State, Pune for acting as a Licensed Surveyor agency. The total order value is Rs. 12,28,92,000 (approximately Rs. 12.29 crore). The contract is purely domestic and is to be completed within 24 months from the date of acceptance. The company confirmed this is not a related party transaction and will be paid in cash. The company described this as a significant development expected to positively impact business operations.
This new government contract adds Rs. 12.29 crore to the company's order book over a 24-month execution window, providing revenue visibility. It is a positive development for shareholders as it strengthens the company's revenue pipeline from a state government client.