Monarch Surveyors & Engg. Consultants shareholders unanimously approved all resolutions at its 27th annual general meeting held on September 16, 2026. The vote covered the adoption of audited financial statements for FY26 and the declaration of a final dividend.

The company reported revenue from operations of ₹171.69 crore for the fiscal year ended March 31, 2026, representing an 11.40% increase from ₹154.14 crore in FY25. Profit after tax rose to ₹37.23 crore, up from ₹34.83 crore in the previous year. Basic earnings per share increased to ₹26.30 from ₹24.61.

EBITDA stood at ₹51.00 crore with a margin of approximately 29.70%. The management highlighted that the performance reflects improved business mix and increased in-house execution capabilities.

Voting Results

All six resolutions presented at the AGM were passed with requisite majority. The total number of valid votes cast was 10,555,200 out of 14,156,000 outstanding shares, representing a participation rate of 74.56%. Promoter and promoter group shareholders held 10,242,000 shares and voted in favor of all non-conflicted resolutions.

Key resolutions included:

• Adoption of audited financial statements for FY26.
• Declaration of a final dividend of ₹1.60 per equity share (16% of face value).
• Reappointment of directors Bhartesh Rajkumar Shah and Usha Sunil Kokare by rotation.
• Designation of Usha Sunil Kokare as Whole Time Director.
• Appointment of secretarial auditors for a period of five years.

For the reappointment of Bhartesh Rajkumar Shah, who was interested in the resolution, promoters voted on 7,681,500 shares (75% of their holding), while public institutions and non-institutions voted on their respective holdings. No votes were cast against any resolution.

Order Book and Business Wins

As of March 2026, the company’s order book stood at over ₹615 crore, providing visibility for short-to-medium term revenue conversion. Key contract wins during the year included:

• A ₹130 crore, 36-month contract from Northern Railway for engineering surveys and land acquisition management.
• Land acquisition and design consultancy mandates for the Somnath–Dwarka Expressway packages in Gujarat, exceeding ₹100 crore in aggregate value.

What the Numbers Show

The divergence between revenue growth (11.40%) and profit after tax growth (approximately 6.9%) suggests margin compression or higher operational costs relative to top-line expansion. However, the stable EBITDA margin of 29.70% indicates that core operational efficiency was maintained despite the challenging global economic environment mentioned by management. The substantial order book of ₹615 crore represents roughly 3.6 times the current annual revenue run rate, signaling strong future revenue potential if execution remains disciplined.

Strategic Developments

Monarch Surveyors completed the acquisition of GM & FE Ryan Pty Ltd (also referred to as GMR Engineering Services) in Australia, establishing its first wholly owned international subsidiary. This move aims to expand geographical presence and access new markets in developed economies.

The employee base grew from approximately 630 to over 700 skilled professionals during the year. The company emphasized prudent growth, focusing on execution, cash generation, and technology investment to navigate long approval cycles and payment periods typical in infrastructure projects.

Corporate Governance

The AGM, presided over by Chairman Anil Sadashiv Shelar, was conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars. Shareholders reappointed directors Bhartesh Rajkumar Shah and Usha Sunil Kokare by rotation. Mrs. Kokare was also designated as Whole Time Director. M/s. KJL & Associates served as the scrutinizer for e-voting. The audit report on standalone financial statements contained no qualifications or adverse remarks.

Monarch Surveyors & Engineering Consultants has scheduled its 27th Annual General Meeting for September 16, 2026. The meeting will be held via Video Conference or Other Audio-Visual Means at 3:00 pm. Shareholders on record by September 9, 2026 are eligible to vote.

The Board of Directors concluded its meeting on August 21, 2026, approving the re-designation of Mrs. Usha Sunil Kokare to Whole-time Director. The company also appointed M/s. KJL & Associates as Secretarial Auditor for FY27 through FY31 and reappointed Mr. Anuj Shashikumar Bajoria as Internal Auditor for FY27.

E-Voting Schedule

Remote e-voting commences at 9:00 am on Sunday, September 13, 2026, and concludes at 5:00 pm on Tuesday, September 15, 2026. Members can also vote electronically during the AGM from its commencement until conclusion. The cut-off date for determining eligibility is Wednesday, September 9, 2026.

Final Dividend Approval

The Board approved a final dividend of ₹1.60 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the AGM. If approved, the dividend will be paid on or after September 16, 2026, to members whose names appear in the Register of Members or Register of Beneficial Owners as on June 3, 2026.

Payments will be made electronically to bank accounts linked with KYC-compliant folio numbers or demat accounts. Members are requested to ensure their KYC details are updated with Bigshare Services Private Limited, the company’s Registrar and Share Transfer Agent.

Director Re-designation

Mrs. Usha Sunil Kokare will serve as Whole-time Director for five years, subject to shareholder approval. She brings over 20 years of experience in infrastructure administration and governance. Her transition from Executive Director formalizes her leadership role within the company’s executive structure.

Auditor Appointments

The Board appointed M/s. KJL & Associates as Secretarial Auditor for FY27 through FY31. The firm specializes in corporate governance across banking, IT, and infrastructure sectors. Mr. Anuj Shashikumar Bajoria was reappointed as Internal Auditor for FY27.

All appointments require final ratification at the upcoming General Meeting.