Monarch Surveyors & Engineering Consultants Limited has issued a clarification to BSE Limited regarding recent price movement in its securities, responding to an exchange inquiry dated April 10, 2026. The company addressed concerns about significant volatility observed in its stock price across the exchange.

Regulatory Compliance and Disclosure

The company emphasized its adherence to disclosure requirements under SEBI regulations. Monarch Surveyors stated that all material information affecting its operations and performance has been regularly disclosed to the stock exchange in a timely and accurate manner, maintaining compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Price Movement Attribution

The management attributed the recent price volatility to market conditions and speculative trading activities. The company clarified that these movements are market-driven and beyond management control. According to the statement, all material facts and information that could impact the security prices have been properly disclosed and are publicly available on BSE's website.

Trading Activity Clarification

Monarch Surveyors specifically addressed concerns about insider trading by confirming that promoters and key managerial personnel (KMPs) have not dealt with any company securities in the recent past. This statement aims to dispel any speculation about internal trading contributing to the price movement.

Future Disclosure Commitment

The company reiterated its commitment to maintaining transparency with stock exchanges. Monarch Surveyors assured continued compliance with disclosure requirements, promising to inform exchanges about any price-sensitive information as mandated under SEBI regulations. The clarification was signed by Managing Director Dattatraya Mohaniraj Karpe and submitted to BSE's Listing Department on April 10, 2026.

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.