Contract Details
Monarch Surveyors and Engineering Consultants Limited has received a Letter of Acceptance for Appointment of Consultant for ADB/PISC Consulting Services for Program Implementation Support Consultant for Maharashtra Green Roads Connectivity for Inclusive Growth Program.
Joint Venture Structure and Financials
The project has been awarded under a Joint Venture (JV) arrangement where Monarch Surveyors and Engineering Consultants Limited holds a 70% partnership stake. The total order value of the project is ₹23,53,47,000 (Rupees Twenty-Three Crores Fifty-Three Lakhs Forty-Seven Thousand Only). As per the MOU signed with a third-party, Monarch's share is 70% of the total order value, resulting in Monarch's specific order value of ₹16,47,42,900 (Rupees Sixteen Crore Forty-Seven Lakh Forty-Two Thousand Nine Hundred Only).
Annexure A Details
- Target Entity: Maharashtra Rural Roads Development Association
- Related Party Status: No, the transaction does not fall within related party transactions. Promoter/promoters' group companies have no interest in the work contract.
- Geography: Domestic
- Purpose: Appointment of Consultant for ADB/PISC Consulting Services for Program Implementation Support Consultant for Maharashtra Green Roads Connectivity for Inclusive Growth Program
- Awarding Entity: Domestic Entity
- Approvals Required: The work is subject to necessary approvals from governmental authorities
- Completion Timeline: The entire work shall be completed as per Letter of Acceptance
- Consideration Mechanism: Cash Consideration
- Total Contract Amount: ₹16,47,42,900 (Rupees Sixteen Crore Forty-Seven Lakh Forty-Two Thousand Nine Hundred Only)
- Shareholding/Control: Not applicable
Additional Information
The information will be made available on the Company's website at https://www.monarchconsultants.in/. The disclosure was signed by Dattatraya Mohaniraj Karpe, Managing Director (DIN: 01155398) on June 11, 2026.