Monarch Surveyors Gets ₹4.66 Crore GIS Order; Shares Fall To ₹298

Mumbai, September 09: Monarch Surveyors and Engineering Consultants Limited has received a ₹4.66 crore work order from Ratnagiri Municipal Council for GIS mapping and development planning work in Maharashtra’s Ratnagiri district.

According to the exchange filing dated September 9, 2026, the company has been awarded the project for preparation of GIS base maps, existing land use (ELU) and assistance in preparing GIS-based development plans for Ratnagiri Municipal Council.

The total contract value is ₹4.66 crore. The work is being awarded by a domestic entity and involves cash consideration.

The company said the project will commence immediately after acceptance of the work order, with the completion timeline to be governed by the terms of the contract.

The filing also states that the work is subject to the necessary approvals from government authorities.

Stock Market Snapshot

The Monarch Surveyors share price stood at ₹298 as of 11:18 AM IST on September 9, 2026, according to the market data shown.

The stock traded above ₹315 for a large part of the session before losing ground later in the morning. It slipped below ₹310 and subsequently moved towards the ₹298 level at the latest available timestamp.

The available chart does not show an explicit percentage change against the previous close, so no percentage movement has been attributed to the stock.

Project Covers GIS Mapping And Land-Use Planning

The Ratnagiri Municipal Council assignment covers the preparation of GIS base maps along with mapping of existing land use.

Monarch Surveyors will also provide assistance in preparing GIS-based development plans for the municipal council. Such mapping work can support the planning and management of urban land, infrastructure and municipal development.

The contract is therefore centred on surveying, mapping and planning services rather than the acquisition of any asset or stake.

Ratnagiri Municipal Council Is The Contracting Entity

The company has identified Ratnagiri Municipal Council as the target entity for the project. The customer is a domestic entity, and the order does not fall under a related-party transaction.

According to the filing, neither the promoter nor the promoter group has any interest in the entity awarding the contract.

The company has not disclosed any shareholding or control acquisition as part of the transaction, with the relevant disclosure marked as not applicable.

Monarch Surveyors Expands Municipal Consulting Work

Monarch Surveyors and Engineering Consultants operates in surveying, engineering and consultancy-related activities, with its work extending into mapping and planning services.

The latest municipal project adds to its exposure to GIS-based infrastructure and urban development planning. The assignment also gives the company an opportunity to execute a defined project for a local government body in Maharashtra.

With work scheduled to commence immediately after acceptance, the ₹4.66 crore contract is expected to enter the execution phase in accordance with the agreed contractual terms.

Conclusion

Monarch Surveyors and Engineering Consultants has received a ₹4.66 crore work order from Ratnagiri Municipal Council for preparing GIS base maps, existing land-use mapping and GIS-based development plans.

The project is a domestic contract, with work set to commence immediately after acceptance and subject to the required government approvals. The filing also confirms there is no promoter or promoter-group interest in the awarding entity and no related-party transaction.

Meanwhile, the Monarch Surveyors share price stood at ₹298 as of 11:18 AM IST on September 9, 2026, after declining sharply from levels above ₹315 earlier in the session.

Source:

• https://www.bseindia.com/stock-share-price/monarch-surveyors-and-engineering-consultants-ltd/msecl/544453
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/edb06d2a-7b9f-4199-addc-7d7904bfbcca.pdf