Target Entity: GM & FE Ryan Pty Limited (ACN: 085 586 910), which is trustee of GMR Engineering Services (GMR Engineering Services Unit Trust, ABN: 83 408 901 287)
Location: 164 Maude Street, Shepparton, Victoria 3630, Australia
Completion Date: July 30, 2026 (noted by Board of Directors)
Previous Intimation: Binding Agreement announced on June 03, 2026
Financial Details of Target
Employees: 12 full-time employees
Annual Revenue: AUD $1.8 million (FY2025 actual); 3-year average AUD $1.6 million
FY2026 Forecast: AUD $2.2 million
Historical Performance: Total invoicing since 2005 ~AUD $24.5M across ~8,200 invoices and ~2,500 projects
Assets: 100% owned assets valued at approximately AUD $310,700
Debt Position: Debt-free
Transaction Structure
Consideration Type: Cash
Acquisition Cost: AUD 1,741,140 for 10 equity shares at rate of AUD 174,114 per share
Stake Acquired: 100% equity stake (10 equity shares) of GM & FE Ryan Pty Limited
Related Party Status: Not a related party transaction. No promoters or promoter group companies have any interest in the acquired entity.
Negotiation Basis: Arm's length commercial terms between independent parties
Business Profile of Acquired Entity
Industry: Engineering Consulting and Land Surveying
Services: 8 integrated engineering disciplines - civil & structural engineering, land surveying, drone/UAV surveying, GIS & asset management, water engineering, environmental engineering, sustainability/ESD services, and project management
Incorporation: Incorporated in Australia, business trading commenced December 2004 (20+ years continuous operation)
Principal: Mr. Glen Marshall Ryan (46+ years engineering experience)
Regulatory Framework: Regulated under Corporations Act, 2001 (Cth) and Victorian professional licensing frameworks in Australia
Strategic Rationale and Impact
Strategic Objective: Enables Monarch's strategic entry into Australian engineering market
Business Alignment: Directly within Monarch's main line of business as stated in its MOA
Key Benefits:
Immediate access to 7 Australian Government procurement panels
~80% client retention rate and 20-year operating track record
12 qualified FTE and AUD $310,700 in owned technology assets
Platform for Monarch's Australian operations
Revenue Impact Expectations:
FY2026: AUD $1.76M–$1.84M
FY2030: AUD $2.14M–$3.22M (3 growth scenarios)
Regulatory Approvals and Compliance
RBI/FEMA Requirements:
Form ODI Part I filing with Authorised Dealer Bank under FEM (Overseas Investment) Rules, 2022 before any fund remittance
Form ODI Part II within 30 days of completion
Annual Performance Reports (APRs) with AD Bank within 60 days of target's financial year-end
SEBI Requirements:
Regulation 30 intimation under SEBI LODR Regulations 2015 within 24 hours of Board Resolution
Disclosure to BSE SME Platform
Additional Information
The acquisition has been completed as of July 30, 2026
Information available on Company's website: https://www.monarchconsultants.in/
Company contact: Monarch House, CTS No 434/1, B T Kawade Road, Ghorpadi, Pune 411 036, Maharashtra, India
