Nature of the Event
Monarch Surveyors and Engineering Consultants Limited has received a Letter of Acceptance for Preparation of Town Planning Scheme(s) for the Multiple Greenfield Satellite Townships in Bihar (Group-1). This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures
The total order value of the project is ₹11,65,86,360 (Rupees Eleven Crore Sixty-Five Lakh Eighty-Six Thousand Three Hundred Sixty Only).
Parties Involved
The contract has been awarded by the Government of Bihar Urban Development & Housing Department. The transaction does not fall within related party transactions, and promoter/promoter group companies have no interest in the work contract.
Project Details
The contract involves domestic operations with the object of preparing town planning schemes for multiple greenfield satellite townships in Bihar (Group-1). The work is subject to necessary approvals from governmental authorities.
Timeline and Consideration
As per the letter of acceptance, work is to commence immediately with estimated completion timeline as per contract terms. The nature of consideration is cash compensation mechanism.