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 has received a work order valued at Rs. 4.15 crore (Rs. 4,15,40,000) from the Nagpur Metropolitan Region Development Authority (NMRDA), a government body. The contract involves end-to-end land acquisition support including direct purchase, documentation, and liaisoning up to mutation for the Naveen Nagpur Project. The company describes it as a significant development expected to positively impact business operations. The work is to commence immediately and is subject to standard government approvals.
This is a government-backed contract that adds to the company's order book, though the size is modest at Rs. 4.15 crore. It signals ongoing business activity with municipal authorities but is unlikely to move the stock significantly on its own.