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.

Monarch Surveyors and Engineering Consultants Limited has secured a significant consultancy order from Madhya Pradesh Road Development Corporation Limited to prepare Detailed Project Reports (DPRs) for infrastructure projects across the state. The contract, valued at Rs 2.53 crore, encompasses the preparation of DPRs for Road Over Bridges (ROB), bridges, flyovers, bypasses, and selected stretches of state highways in Madhya Pradesh. This new business win underscores the company's continued engagement in the infrastructure development sector within the domestic market.

The project was awarded following the receipt of a Letter of Acceptance by Monarch Surveyors and Engineering Consultants Limited . The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not fall under related party transactions, and the promoter group has no interest in the work contract, ensuring it was conducted at arm's length.

Project Details and Financials

The consultancy services are strictly domestic, with the total contract amount set at Rs 2.53 crore. The consideration for the contract will be met through cash payments. According to the terms of the Letter of Acceptance, the work is scheduled to commence immediately, with the completion timeline adhering to the specific contract terms.

Regulatory and Execution Status

The execution of the project is subject to necessary approvals from relevant governmental authorities. As the work involves state infrastructure, these regulatory clearances are standard prerequisites before the full-scale rollout of DPR preparation activities. The company has confirmed that all required details, including the regulatory references under SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, have been submitted to the exchanges.