Monarch Surveyors & Engineering Consultants Limited has secured a new order worth Rs. 6,39,79,600 from the Government of Bihar, strengthening its presence in the public infrastructure planning sector. The company received a Letter of Acceptance on July 25, 2026, to prepare town planning schemes for multiple greenfield satellite townships in Bihar (Group-2). This win adds to the firm’s order book and underscores its capability in executing large-scale urban development projects for government entities.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The contract is classified as a domestic transaction and does not constitute a related-party transaction. The promoter group has no interest in the entity being contracted, ensuring the deal was executed at arm's length.

Contract Details

The project entails the preparation of comprehensive town planning schemes for designated greenfield areas. The work is subject to necessary approvals from governmental authorities. Upon commencement, the timeline for completion will adhere strictly to the terms outlined in the contract.

Strategic Implications

The acquisition of this order highlights Monarch Surveyors' continued relevance in India's urban infrastructure development pipeline. Greenfield township projects are critical components of state-level urban expansion strategies, requiring detailed surveying, engineering, and planning expertise. By securing this mandate from the Bihar government, the company demonstrates its ability to compete for significant public sector contracts outside its traditional strongholds.

The immediate commencement of work suggests that revenue recognition may begin in the near term, subject to milestone-based billing typical in such consultancy contracts. The absence of related-party involvement reinforces the commercial viability and competitive nature of the award. Investors should monitor subsequent filings for updates on project execution progress and any additional orders from state governments.

Monarch Surveyors & Engineering Consultants Limited has secured a prestigious contract worth ₹11.66 crore from the Government of Bihar, Urban Development & Housing Department, for the preparation of town planning schemes for multiple greenfield satellite townships in Bihar (Group-1). The project, inclusive of GST, underscores the company's growing participation in India's urban infrastructure development initiatives and strengthens its credentials in delivering large-scale consultancy assignments for public sector clients.

The Letter of Acceptance has been issued, and the work is scheduled to commence immediately. The project will be executed as per the timelines stipulated in the contract and is subject to necessary approvals from relevant governmental authorities. The contract has been awarded by a domestic government entity and is expected to bolster Monarch's domestic geographic diversification beyond its established markets.

Project Details

The following table outlines the key particulars of the contract:

The transaction does not fall within related party transactions, and the promoter or promoter group companies have no interest in the work contract. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.