Transcript of the Post Earning Conference Call of the Company for H1 of FY 2026-27 held on November 05, 2026 at 01.00 P.M.

Date: November 11, 2026 BSE Limited Department of Corporate Services/ Listing PJ Towers, Dalal Street, Mumbai - 400001 BSE Scrip Code - 544453 ISIN: INE0V0L01028 Sub: Submission of Transcripts of Post Earning Conference Call held on Thursday, November 05, 2026, at 01:00 P.M. Dear Sir/ Madam, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the Company is hereby submitting transcripts of Earning Conference Call held on Thursday, November 05, 2026 at 01:00 P.M. to discuss H1 FY 2026-27 earnings with Investors. We enclose herewith the transcripts of Earning Conference Call. This transcripts is also being placed on the website of the Company at: https://www.monarchltd.com Kindly take this on your record. Thanking You. For and on behalf Monarch Surveyors and Engineering Consultants Limited Dattatraya Mohaniraj Karpe Managing Director DIN: 01155398 Monarch House, CTS No 434/1, B T Kawade Road, Ghorpadi, Pune 411 036, Maharashtra. India. CIN No.: L45203PN1999PLC013830 | D&B D-U-N-S: 91 663 2276 Contact: + 91 97665 56746 | Email: info@monarchltd.com | www.monarchltd.com Mumbai | New Delhi | Nagpur | Nashik | Navi Mumbai | Ahmedabad “Monarch Surveyors and Engineering Consultants Limited H1 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. DATTATRAYA KARPE– MANAGING DIRECTOR – MONARCH SURVEYORS AND ENGINEERING CONSULTANTS LIMITED MR. SANJAY VIDWANS – WHOLE-TIME DIRECTOR – MONARCH SURVEYORS AND ENGINEERING CONSULTANTS LIMITED MR. SUNIL BHALERAO – WHOLE-TIME DIRECTOR – MONARCH SURVEYORS AND ENGINEERING CONSULTANTS LIMITED MRS. USHA KOKARE – WHOLE-TIME DIRECTOR – MONARCH SURVEYORS AND ENGINEERING CONSULTANTS LIMITED MR. SUNIL KOKARE – BUSINESS HEAD – MONARCH SURVEYORS AND ENGINEERING CONSULTANTS LIMITED MR. SRINIVAS MACHA – CHIEF OPERATING OFFICER – MONARCH SURVEYORS AND ENGINEERING CONSULTANTS LIMITED Page 1 of 16 Monarch Surveyors and Engineering Consultants Limited November 05, 2026 MR. SANJAY KANDHARI – CHIEF FINANCIAL OFFICER – MONARCH SURVEYORS AND ENGINEERING CONSULTANTS LIMITED Moderator: Ladies and gentlemen, good day and welcome to the Monarch Surveyors and Engineering Consultants Limited Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Srinivas Macha, Monarch Surveyors Chief Operating Officer. Thank you, and over to you, sir. Srinivas Macha: Thank you so much. Good afternoon, everyone, and a very warm welcome to Monarch Surveyors and Engineering Consultants H1 FY27 Earnings Call. I am Srinivas Macha, and joining me is Mr. Dattatraya Karpe, our Managing Director. I also have with me Sanjay Vidwans, who is a Whole-Time Director. I also have Sunil Bhalerao, who is again a Whole- Time Director, and Mrs. Usha Kokare, she is a Whole-Time Director again. And joining me also is Sunil Kokare, who heads our business for Monarch, and Mr. Sanjay Kandhari, who runs our money, is Chief Financial Officer. The first half of FY27 has been a very important period for Monarch. We have delivered a reasonably healthy financial performance, strengthened our portfolio, and continued to expand our capabilities and geographical reach. During today's call, the management team will discuss broader industry environment, our strategic direction, followed by our financial performance and key business developments during the call and during and after this reporting period. May I now request our Managing Director, Mr. Karpe, to share his thoughts on where we stand as Monarch and his thoughts on infrastructure sector and long-term directions of Monarch. Over to you, sir. Dattatraya Karpe: Thank you, sir. Good afternoon, everyone. It's a pleasure to connect with all of you and share our perspective on the industry and the directions in which we are taking Monarch. India's infrastructure sector is undergoing a significant transformation. The sustained investment in railway connectivity, highways, urban development, water infrastructure, and logistics is creating a broad-based opportunity across the infrastructure value chain. At the same time, the nature of infrastructure development is becoming more sophisticated. Alongside the construction of physical assets, there is growing requirement of robust project preparation, detailed engineering, accurate surveys, geospatial information, land-related services, and efficient project planning. Government initiatives such as PM Gati Shakti, the National Infrastructure, and ongoing investments in railways and road networks are supporting this requirement. As infrastructure Page 2 of 16 Monarch Surveyors and Engineering Consultants Limited November 05, 2026 projects become larger and more interconnected, the need of specialized engineering and consultancy services is also increasing. The engineering consultancy industry itself is evolving. Conventional surveying and project documentation are increasingly being complemented by technology-led solutions such as LiDARs, drone-based surveys, GIS mapping, digital terrain modeling, 3D scanning, and digital engineering tools. These technologies can improve the accuracy of project inputs, support better planning, and enhance the quality of execution. We believe this evolution creates an opportunity for companies that combine domain knowledge, technology expertise, and the ability to deliver integrated solutions. Monarch has built capabilities across railways, roads, geospatial services, land acquisitions, urban planning, and other infrastructure-related activities. Our experience across these areas provides a foundation to participate in a wider range of assignments. Our long-term objective is to develop Monarch into a multidisciplinary engineering and infrastructure consultancy platform. This means continuing to deepen our technical capabilities, adopting relevant technologies, strengthening our talent base, and building an organization that can serve clients across multiple infrastructure segments and geographies. We are also looking at the business with an increasingly global perspective. Our entry in Australia is an important step in that direction. Over time, we see opportunities to learn from different markets, broaden our technical capabilities, and build complementary service offerings. At the same time, we remain conscious that growth must be supported by strong systems, responsible project selection, and consistent delivery. Our focus is on building an institution that can adapt to changing industry requirements and create sustainable value for all stakeholders. We remain constructive about the long-term opportunity in India's infrastructure sector and are committed to strengthening Monarch's position within this evolving ecosystem. With this, I would like to hand over to our Chief Financial Officer, Mr. Sanjay Kandhari, who will take you through the financial performance of H1 FY27. Over to you, Sanjay sir. Sanjay Kandhari: Thank you, Karpe sir. Good afternoon, everyone. I'll just take you to the walkthrough to the financial performance of Monarch for first half year ended 30th September 2026. I will cover our standalone performance first, followed by consolidated numbers. Starting with standalone performance, revenue from operations H1 FY27 stood at INR99.36 crores compared to INR71.9 crores in H1 FY26, registering year-over-year growth of 38.19%. This reflects the increase in the scale of our business operations and execution across our project portfolio. EBITDA excluding other income stood at INR26.18 crores compared to INR20.56 crores in the corresponding period last year, registering a growth of 27.33%. EBITDA [Showing first 8,000 characters — download PDF for full document]