Monarch Surveyors Wins ₹7.83 Cr Kumbh Mela Contract

Monarch Surveyors & Engg. Consultants has announced securing a work order worth ₹7.83 crores from Nashik Municipal Corporation. The contract involves providing survey consultancy services for the upcoming Sinhastha Kumbh Mela 2027-28 in Nashik and Trimbak.

Project Details

The project encompasses carrying out survey and allied works for lands requisitioned and acquired for Sinhastha Kumbh Mela 2027-28. This religious gathering, held every 12 years, requires extensive land preparation to accommodate millions of pilgrims.

Parameter	Details
Awarding Authority	Nashik Municipal Corporation
Project Location	Nashik and Trimbak
Contract Value	₹7,83,04,800
Project Type	Survey consultancy for land acquisition
Event	Sinhastha Kumbh Mela 2027-28

Contract Terms

The work order specifies immediate commencement with completion timeline as per contract terms. The project operates under cash consideration mechanism. The work remains subject to necessary approvals from governmental authorities.

Business Impact

The company has indicated that this contract represents a significant development expected to positively impact its business operations.

Transaction Details	Specification
Entity Type	Domestic
Related Party Transaction	No
Promoter Interest	None
Consideration Type	Cash
Regulatory Approvals	Subject to government approvals

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this transaction does not fall within related party transactions, and promoter group companies have no interest in the work contract. All necessary regulatory disclosures have been completed as per SEBI circular dated November 11, 2024.

Monarch Surveyors & Engg. Consultants has secured a Letter of Acceptance for consultancy services worth ₹1.67 crores from Jawaharlal Nehru Port Authority (JNPA). The company announced this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details and Scope

The contract involves comprehensive consultancy services for infrastructure development at one of India's major ports. The project encompasses preparation of Detailed Project Report and Detailed Engineering for two critical infrastructure components.

Project Component	Description
Primary Infrastructure	Construction of Second Link Road to Jawaharlal Nehru Port
Secondary Infrastructure	Construction of ROB Connecting Jaskar and Karal Village
Contract Value	₹1.67 crores
Awarding Authority	Jawaharlal Nehru Port Authority
Nature of Work	Consultancy for Detailed Project Report and Engineering

Contract Structure and Timeline

The project operates under a cash consideration mechanism, with work scheduled to commence immediately upon acceptance. The company has indicated that the project timeline will follow the estimated completion schedule as per contract terms.

Parameter	Details
Entity Type	Domestic Entity
Consideration Mechanism	Cash Consideration
Commencement	Immediate upon acceptance
Regulatory Approvals	Subject to necessary governmental approvals
Related Party Transaction	No

Regulatory Compliance and Disclosure

The announcement confirms that this transaction does not fall within related party transactions, and promoter/promoter group companies have no interest in the work contract. The project is subject to necessary approvals from governmental authorities as required for infrastructure development projects.

Monarch Surveyors & Engg. Consultants has stated that this development represents a significant milestone and is expected to positively impact the company's business operations. The company has made this information available on its website at https://www.monarchconsultants.in/ in compliance with regulatory requirements.

Company Background

Monarch Surveyors & Engg. Consultants, formerly known as Monarch Surveyors & Engineering Consultants Private Limited, operates from its headquarters at Monarch House, Pune, Maharashtra. The company maintains operations across multiple cities including Mumbai, Delhi, and Nagpur, providing engineering consultancy services across various infrastructure projects.