Monarch Surveyors and Engineering Consultants Ltd
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we hereby submit that Company has received an order from East Central Railway.
ORDERS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 20 Mar 2026, 01:40 PM IST · BSE ID: 73a8c914-146b-4905-b7e1-ae3347aca3b3
View Original BSE Filing (PDF)
💡
In Simple Terms
Monarch Surveyors won a railway contract worth Rs. 7.51 Crore to design bridges, stations and other railway structures for East Central Railway over the next 36 months.
🤖 AI Summary
- Monarch Surveyors received Letter of Acceptance from East Central Railway for structural design services
- Order value Rs. 7,51,10,062.06 covering new line, doubling, bridges, station buildings and ancillary structures
- Client: Construction Organization under CAO/Con/North, East Central Railway, Mahendrughat, Patna
- Project execution timeline 36 months from Letter of Acceptance; domestic, non-related party transaction
- Scope includes structural designs for multiple railway infrastructure categories; cash consideration
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Order Value
Rs. 7,51,10,062.06
Project Execution Timeline
36 Months from Letter of Acceptance
Client
East Central Railway (CAO/Con/North, Mahendrughat, Patna)
Related Party Transaction
No
🏢 How This Affects the Company
Order adds Rs. 7,51,10,062.06 to company's contract pipeline with East Central Railway, a government entity. Multi-year 36-month execution provides revenue visibility in the engineering services segment.
Contract value of Rs. 7,51,10,062.06 will be recognized as revenue over 36-month execution period. Cash consideration mode confirms payment structure; subject to governmental approvals before work commencement.
36-month project duration requires sustained resource allocation, project management capacity, and technical team deployment for structural design deliverables across multiple railway infrastructure categories.
Government contract subject to regulatory approvals and Change Order provisions typical of Railway Ministry work. Completion timelines dependent on client site conditions and approval chains.
👥 What This Means For Shareholders
✅
Action Required
No action required. Monitor disclosure of governmental approvals in next BSE filing before project revenue recognition begins.
👤
Who Is Affected
All shareholders benefit from de-risked revenue pipeline. Order value Rs. 7,51,10,062.06 will be distributed across 36-month period as revenue and margin contribution.
🔍
Management Signal
Demonstrates company's ability to win competitive government tenders. Focus on railways infrastructure segment positions for repeat order potential with Ministry.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Governmental approval completion filing — check for Reg 30 disclosure of work commencement authorization
Quarterly results Q1 FY27 — track revenue recognition start and gross margin assumptions on Railways contract
Annual report FY26 — verify order backlog disclosure and contract execution status update
MEDIUM RISK
Government contract execution subject to regulatory approvals, administrative timelines, and Change Order provisions. No disclosed penalty or dispute resolution terms.
💡 Investor Takeaway
Monarch Surveyors secured Rs. 7,51,10,062.06 order from East Central Railway for 36-month structural design services. Contract covers railways infrastructure: bridges, stations, FOBs. No related-party involvement. Work subject to governmental approvals before execution begins.
⚖️ Strengths & Concerns
✅ Positives
- Order from established government entity East Central Railway provides payment certainty and regulatory credibility for future tenders.
- Multi-year 36-month contract provides revenue visibility and sustained cash inflow across FY27-FY29 period.
⚠️ Concerns
- Government contract execution timelines subject to approvals and administrative delays; no penalty/liquidated damages terms disclosed.
- No prior disclosed contracts or order backlog visibility — first public filing makes contract value scale assessment difficult.
📅 Company Track Record
No previous BSE filings found. Company incorporated as private limited entity in 1999; recently converted to public limited. First disclosed order win in current public market track record.
Based on publicly available historical data. For context only.