Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (Listing Regulations), we hereby inform you The Monarch Surveyors ....
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Monarch Surveyors and Engineering Consultants has received a Letter of Acceptance worth approximately Rs 21.81 crores (Rs 21,80,72,250) for consultancy services. The work involves all land acquisition activities for Package-6 (Jetpur to Somnath length) of the proposed Somnath-Dwarka Expressway. The company confirmed this is not a related party transaction and that payment will be in cash. The work is to commence immediately as per the contract terms and is subject to necessary governmental approvals.
This government infrastructure order adds to the company's order book and provides near-term revenue visibility. For a small-cap consultancy firm, a Rs 21+ crore expressway project win is a meaningful business development and signals continued activity in India's road infrastructure segment.