Monarch Surveyors & Engineering Consultants Limited has formally addressed a compliance issue that resulted in a fine from BSE. The company's board of directors convened on April 09, 2026, to discuss the matter and provide clarification to stakeholders regarding the regulatory non-compliance.

Compliance Issue Details

The BSE had issued a communication on February 20, 2026, regarding the company's failure to submit the mandatory statement on shareholder complaints within the prescribed timeframe. This non-submission violated Regulation 13(3) of the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which mandates timely reporting of investor grievance redressal activities.

Board Response and Actions

During the board meeting held on April 09, 2026, the directors formally acknowledged the compliance lapse. The board emphasized several key points regarding the incident:

• The non-compliance was not willful on the part of the company
• The fine levied by BSE has been duly paid by the company
• The board has advised management to ensure meticulous compliance with all requirements going forward
• Necessary steps have been undertaken to strengthen internal processes

Company's Commitment to Compliance

Managing Director Dattatraya Mohaniraj Karpe, representing the board, assured stakeholders that Monarch Surveyors & Engineering Consultants Limited has always endeavored to comply with applicable regulations in their true letter and spirit. The company has implemented measures to prevent similar inadvertent delays in future regulatory submissions.

The board's response demonstrates the company's commitment to maintaining transparency with stakeholders and ensuring robust compliance frameworks. The proactive approach to addressing the issue and implementing corrective measures reflects the management's dedication to regulatory adherence and corporate governance standards.

Monarch Surveyors & Engineering Consultants Limited has filed its quarterly compliance certificate with BSE Limited, confirming adherence to SEBI regulatory requirements for the quarter ended March 31, 2026. The submission, dated April 06, 2026, relates to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Status

The company's registrar and transfer agent, Bigshare Services Pvt. Ltd., issued a certificate confirming that Regulation 74(5) is not applicable to Monarch Surveyors & Engineering Consultants Limited for Q4FY26. This non-applicability stems from the fact that the entire shareholding of the company remains in dematerialized form.

Certificate Details

Bigshare Services Pvt. Ltd., acting as the authorized registrar and transfer agent, confirmed that no requests were received from company members for either rematerialization or dematerialization during the quarter ended March 31, 2026. The certificate was signed by Akash Shamal, Authorised Signatory of Bigshare Services Pvt. Ltd.

Company Submission

The compliance certificate was submitted to BSE Limited by Managing Director Dattatraya Mohaniraj Karpe (DIN: 01155398) on behalf of the company. The submission was digitally signed and timestamped at 16:04:51 +05'30' on April 06, 2026.

Regulatory Framework

Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 requires listed companies to submit quarterly certificates regarding dematerialization compliance. This regulation replaced the earlier Regulation 54 of SEBI (Depository and Participant) Regulations, 1996, maintaining continuity in regulatory oversight of share dematerialization processes.

The filing demonstrates Monarch Surveyors & Engineering Consultants Limited's commitment to maintaining regulatory compliance and transparent reporting to stock exchanges and regulatory authorities.