Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (Listing Regulations),pleased to announce that Monarch Surveyors ....
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Awaiting price reaction for this filing.
Monarch Surveyors has received a Letter of Acceptance worth Rs. 2,05,93,870.70 (approximately Rs. 2.06 crore) for measurement of all yards using advanced trolley under the Senior Divisional Engineer North of Bilaspur Division, which is part of Indian Railways. The work is to commence immediately and is subject to necessary governmental approvals. The contract is a cash-based transaction with no related party involvement. The company stated this is a significant development expected to positively impact its business operations.
This is a moderate-sized new order from a government (railway) client that adds to the company's order book. While not a transformative deal, it reinforces Monarch's presence in railway infrastructure surveying and supports revenue visibility. The stock may see limited short-term reaction given the order size is modest relative to typical large-cap moves.