Monarch Surveyors & Engineering Consultants Limited has disclosed receiving a regulatory fine from BSE Limited for non-compliance with SEBI listing obligations. The company announced the penalty through a formal disclosure dated February 21, 2026, in accordance with regulatory requirements.

Fine Details and Compliance Violation

BSE Limited imposed a fine of Rs. 22,420 (including GST) on the company for failing to submit the statement on shareholder complaints within the prescribed timeframe. The violation pertains to non-compliance with Regulation 13(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended December 31, 2025.

Payment Timeline and Company Response

The company has been given 15 days from the notice date to settle the penalty amount. Monarch Surveyors has confirmed that it has completed the requisite compliance measures and submitted the necessary documentation to BSE Limited following the notice.

Financial Impact Assessment

According to the company's disclosure, the financial impact is limited to the penalty amount of Rs. 22,420 imposed by BSE. The company stated there is no additional impact on its financial, operational, or other activities beyond this monetary penalty.

Regulatory Framework

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under the regulatory framework, including the nature of the violation, timeline for payment, and assessment of business impact.

The penalty reflects BSE's enforcement of compliance requirements for listed companies regarding timely submission of shareholder complaint statements, which form part of the broader corporate governance framework under SEBI regulations.

Monarch surveyors & engg. consultants has announced a major business development with the receipt of an appointment letter for a substantial project from Maharashtra Tourism Development Corporation Limited (MTDC). The company disclosed this significant contract win under Regulation 30 of SEBI Listing Regulations, marking an important milestone in its business operations.

Project Details and Scope

The contract encompasses assets demarcation, updation of land records, and assistance in government survey of MTDC properties. This comprehensive project demonstrates the company's expertise in surveying and engineering consultancy services within the tourism infrastructure sector.

Financial Impact and Business Significance

The total order value stands at Rs. 6,04,73,814 (Rupees Six Crores Four Lakh Seventy-Three Thousand Eight Hundred and Fourteen Only). The company has indicated that this development is expected to positively impact its business operations, representing a significant addition to its project portfolio.

The contract falls under domestic operations and does not involve any related party transactions. The promoter and promoter group companies have no interest in this work contract, ensuring arm's length transaction principles.

Implementation Timeline and Regulatory Compliance

According to the letter of acceptance, work is set to commence immediately with completion timeline as per contract terms. The project is subject to necessary approvals from governmental authorities, ensuring full regulatory compliance throughout the execution phase.

Corporate Disclosure and Transparency

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made through proper channels to BSE Limited, with the company's scrip code 544453 and ISIN INE0V0L01028.

This contract win reinforces Monarch Surveyors' position in the surveying and engineering consultancy sector, particularly in government and public sector projects. The company operates from its headquarters at Monarch House in Pune, with additional offices in Mumbai, Delhi, and Nagpur, positioning it well for executing projects across multiple locations.