Monarch Surveyors & Engg. Consultants , a leading infrastructure consulting firm, has been awarded a significant contract worth Rs 3.87 crore for a pilot project involving land surveying and mapping across 18 Talukas in Maharashtra. This development marks a notable milestone for the company, which recently made its debut on the BSE SME platform.

Project Details

The contract, awarded by the Settlement Commissioner and Director of Land Records, Maharashtra State, entails the implementation of a pilot project for surveying and mapping of sub-division land parcels. This initiative is expected to contribute to more accurate land records and improved urban planning in the state.

Scope and Impact

The project's scope covers 18 Talukas across Maharashtra, highlighting the extensive nature of the work. Monarch Surveyors' expertise in geospatial mapping, including the use of advanced technologies like LiDAR and 3-D scanning, positions the company well for this undertaking.

According to the company's statement, this contract is anticipated to have a positive impact on its business operations. The work is set to commence immediately, with the completion timeline adhering to the terms specified in the contract.

Financial Implications

While the Rs 3.87 crore contract value may seem modest in comparison to Monarch's recent financial performance, it represents an important addition to the company's project portfolio.

Company's Position

Dattatraya Mohaniraj Karpe, Managing Director of Monarch Surveyors & Engineering Consultants Ltd., had previously commented on the company's performance, stating, "This half-year performance marks a confident beginning to our journey as a listed entity. The results reflect our commitment to precision, technological advancement, and disciplined execution."

Future Outlook

This new contract aligns with Monarch's focus on scaling its operations and expanding its footprint across India. As the infrastructure and industrial ecosystem in the country continues to grow, such projects are likely to play a crucial role in the company's future growth strategy.

It's worth noting that the execution of this project is subject to necessary governmental approvals, as stated in the company's disclosure. Monarch has also clarified that this is not a related party transaction, and no promoter group companies have any interest in the work contract.

As Monarch Surveyors continues to secure such contracts, it reinforces its position in the infrastructure consulting sector, particularly in the crucial area of land surveying and mapping. The successful execution of this project could potentially lead to more significant opportunities in the future, both within Maharashtra and in other states across India.

Monarch Surveyors & Engg. Consultants Limited has announced strong financial results for the half year ended September 30, 2025, alongside the appointment of a new secretarial auditor.

Financial Performance

The company reported significant growth in its financial performance:

The substantial increase in revenue and profitability demonstrates the company's strong market position and operational efficiency in the engineering services and survey sector.

Initial Public Offering (IPO) Success

Monarch Surveyors & Engg. Consultants completed its Initial Public Offering of 37,50,000 equity shares at ₹250 per share. The company's shares were successfully listed on the BSE SME Platform on July 29, 2025, marking a significant milestone in its corporate journey.

Appointment of Secretarial Auditor

In a move to strengthen its corporate governance practices, the Board of Directors has approved the appointment of M/s. AKA & Associates (ICSI Unique Code: S2024MH992000) as the company's Secretarial Auditor for the Financial Year 2025-26. The firm, founded by Amit Kumar Agarwal, a Fellow Member of the Institute of Company Secretaries of India, brings over a decade of expertise in corporate laws, governance, and compliance matters.

Management Commentary

Dattatraya Mohaniraj Karpe, Managing Director of Monarch Surveyors & Engg. Consultants Limited, stated, "Our strong half-year results reflect the company's robust business model and the growing demand for our engineering and surveying services. The successful IPO and listing on the BSE SME Platform have provided us with the resources to fuel our growth strategies. We are also committed to maintaining the highest standards of corporate governance, as evidenced by the appointment of a reputed firm as our Secretarial Auditor."

The company operates in a single segment of engineering services and survey, positioning itself to capitalize on the infrastructure development opportunities in India.

Investors and stakeholders can access more detailed financial information on the company's website at https://www.monarchconsultants.in/ .

As Monarch Surveyors & Engg. Consultants Limited continues to demonstrate strong financial performance and commitment to corporate governance, it remains a company to watch in the engineering services sector.