Monarch Surveyors and Engineering Consultants Limited has made a regulatory disclosure to BSE Limited regarding receipt of a new contract award. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Details
The contract is for the Kasara-Manmad 3rd & 4th Line Project of Central Railway, which spans 131 km.
Financial Details
The total order value of the project is Rs. 1,94,22,345.08 (Rupees One Crore Ninety-Four Lakh Twenty-Two Thousand Three Hundred Forty-Five and Eight Paise Only).
Transaction Details
- Target Entity: Central Railway
- Related Party Status: The transaction does not fall within related party transactions
- Promoter Interest: Promoter/promoters' group companies have no interest in the work contract
- Geography: Domestic transaction
- Consideration Mechanism: Cash consideration
Work Scope and Timeline
The contract involves facilitating land acquisition under the Railways Act, 1989 and preparation of forest diversion proposals. The entire work must be completed within 12 months from the date of issue of the Letter of Acceptance.
Regulatory Approvals
The work is subject to necessary approvals from governmental authorities, including Stage-I and Stage-II Forest Clearances.
Additional Information
The disclosure includes Annexure A with details required under SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024. The information will also be made available on the company's website at https://www.monarchconsultants.in/.