Monarch Surveyors Secures Rs 5.89 Crore Contract for Pune-Miraj Railway Doubling Project

1 min read     Updated on 10 Feb 2026, 04:11 PM
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Overview

Monarch Surveyors & Engineering Consultants Limited has secured a Rs. 5,89,03,899.72 contract from Central Railway for the Pune-Miraj doubling project. The work involves comprehensive land survey, mapping, and documentation services including updating and computerization of land plans. The project covers both rural and urban areas with immediate commencement and is expected to positively impact the company's business operations.

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Monarch Surveyors & Engineering Consultants Limited has announced securing a substantial railway infrastructure project from Central Railway. The company received a Letter of Acceptance for land survey and mapping work related to the Pune-Miraj doubling project, marking a significant milestone in its project portfolio.

Project Details and Scope

The comprehensive contract encompasses updating, reconciling, certification and computerization of land plans for the Pune-Miraj doubling work. The primary objective involves handing over updated land maps to the open line Pune division in connection with the railway doubling project.

Parameter: Details
Contract Value: Rs. 5,89,03,899.72
Awarding Entity: Central Railway
Project Type: Domestic
Payment Mode: Cash Consideration
Commencement: Immediate

Technical Scope and Responsibilities

The project involves extensive technical work including:

  • Collection of survey records, maps, and ownership rights documentation of railway land
  • Identification and classification of unmutated railway land at survey number level
  • Coverage of both rural and urban areas as per available certificates
  • Processing of old land plans and roll plans for Central Railway
  • Complete documentation of railway land width and area

Regulatory and Compliance Framework

The contract operates under strict regulatory oversight, with work subject to necessary approvals from governmental authorities. The company confirmed that this transaction does not fall within related party transactions, and promoter groups have no interest in the work contract.

Business Impact and Timeline

The company expects this development to positively impact its business operations. Work is scheduled to commence immediately with completion timeline as per contract terms. The project represents a significant addition to Monarch Surveyors' portfolio in the railway infrastructure sector.

Corporate Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all mandatory disclosure requirements and made the information available on its official website at www.monarchconsultants.in .

Monarch Surveyors Appoints Sanjay Kandhari as Chief Financial Officer

1 min read     Updated on 06 Feb 2026, 11:22 PM
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Reviewed by
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Overview

Monarch Surveyors and Engineering Consultants Limited appointed Mr. Sanjay Premkumar Kandhari as Chief Financial Officer and Key Managerial Personnel effective February 06, 2026. The appointment was approved by the Board of Directors following the Nomination and Remuneration Committee's recommendation. Mr. Kandhari is a qualified Chartered Accountant with over 25 years of experience, having managed organizations with revenues up to Rs. 1,190 crores and successfully secured funding of over Rs. 485 crores across manufacturing, infrastructure, shipping, FMCG, and services sectors.

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Monarch Surveyors and Engineering Consultants Limited has announced the appointment of Mr. Sanjay Premkumar Kandhari as Chief Financial Officer and Key Managerial Personnel, effective February 06, 2026. The appointment was approved by the Board of Directors at their meeting held on February 06, 2026, following the recommendation of the Nomination and Remuneration Committee.

Board Meeting Details

The Board Meeting commenced at 4:00 P.M. and concluded at 4:35 P.M. on February 06, 2026. The company has made this disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Parameter: Details
Appointment Date: February 06, 2026
Position: Chief Financial Officer
Designation: Key Managerial Personnel
PAN: AJLPK1592P

Professional Background

Mr. Sanjay Premkumar Kandhari brings extensive experience to his new role as CFO. He is a qualified Chartered Accountant with over 25 years of post-qualification experience, including leadership roles as CFO and GM–Finance across diverse sectors including manufacturing, infrastructure, shipping, FMCG, and services.

Key Expertise Areas

Mr. Kandhari's professional expertise encompasses several critical areas:

  • Fund Raising and Capital Markets: Successfully secured funding of over Rs. 485 crores
  • Strategic Transactions: Experience in IPOs, mergers & acquisitions, and financial restructuring
  • Financial Management: Led organizations with revenues up to Rs. 1,190 crores
  • Compliance and Reporting: Strong exposure to SEBI/LODR, RBI, MCA, tax, and audit compliance

International and Domestic Experience

The newly appointed CFO has worked across both domestic and international markets, including acquisitions in Australia and financial management experience in UAE. He has led due diligence processes with Big 4 firms and implemented IND AS and US GAAP reporting standards.

Experience Area: Details
Revenue Management: Up to Rs. 1,190 crores
Fund Raising: Over Rs. 485 crores
International Markets: Australia, UAE
Reporting Standards: IND AS, US GAAP

Strategic Value Addition

Mr. Kandhari's appointment is expected to strengthen the company's financial leadership capabilities. His experience spans strategic planning, risk assessment, and portfolio management, along with expertise in operational cost optimization. He combines strategic financial leadership with investor relations and operational excellence, having demonstrated success in driving growth, efficiency, and compliance across diverse business environments.

The company has indicated that detailed information regarding this appointment will be made available on their website at https://www.monarchconsultants.in/ .

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