BSECompany Update30 Jul 2026 · 30 Jul 2026, 07:25 pm
Announcement under Regulation 30(LODR) - Completion of Acquisition.
Monarch Surveyors and Engineering Consultants Ltd · 544453
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Monarch Surveyors and Engineering Consultants Ltd has completed the acquisition of GM & FE Ryan Pty Ltd, a trustee of GMR Engineering Services Unit Trust, under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The acquisition enables Monarch's strategic entry into the Australian engineering market, providing immediate access to 7 Australian Government procurement panels, a 12-year operating track record, and a platform for Monarch's Australian operations.
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Monarch Surveyors and Engineering Consultants Ltd - 544453 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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Date: July 30, 2026
Department of Corporate Services/ Listing
BSE Limited
PJ Towers, Dalal Street,
Mumbai – 400001
BSE Scrip Code - 544453
ISIN: INE0V0L01028
Sub: Intimation regarding completion of acquisition of GM & FE Ryan Pty Ltd (ACN: 085 586 910), Trustee of
GMR Engineering Services Unit Trust (ABN: 83 408 901 287), under Regulation 30 of SEBI (Listing Obligations and
Disclosures Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated
November 11, 2024.
Dear Sir/Ma’am,
This is in continuation of our previous intimation dated June 03, 2026, wherein we had informed the stock
exchanges that Monarch Surveyors and Engineering Consultants Limited (“Company”) has entered into a Binding
Agreement with GMR Engineering Services (GMR Engineering Services Unit Trust, ABN: 83 408 901 287), through
its Trustee GM & FE Ryan Pty Ltd (ACN: 085 586 910) to form a wholly owned subsidiary.
In terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that the Board of Directors, at its meeting held on July 30, 2026, took
note of the completion of acquisition of the GM & FE Ryan Pty Ltd (ACN: 085 586 910), Trustee of GMR Engineering
Services Unit Trust (ABN: 83 408 901 287)
The details of above acquisition mentioned (as required to be furnished pursuant to Regulation 30 read with Para
A of Part a of Schedule III of the SEBI Listing Regulations read with SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024) as amended, are enclosed as Annexure-A.
The above information will also available on the Company's website at https://www.monarchconsultants.in/
You are kindly requested to take the same on record.
For and on behalf of
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.monarchconsultants.in
Mumbai | New Delhi | Nagpur | Nashik | Navi Mumbai | Ahmedabad
Annexure A
Details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read
with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024
Particulars Details
Name of the target entity, details in GM & FE Ryan Pty Limited (ACN: 085 586 910) which is trustee of GMR
brief such as size, turnover etc. Engineering Services (GMR Engineering Services Unit Trust, ABN: 83 408
901 287). Operates from 164 Maude Street, Shepparton, Victoria 3630,
Australia. 12 full-time employees. Annual revenue: AUD $1.8 million
(FY2025 actual); 3-year average AUD $1.6 million; FY2026 forecast AUD
$2.2 million. Total invoicing since 2005: ~AUD $24.5M across ~8,200
invoices and ~2,500 projects. Debt-free with 100% owned assets valued
at approximately AUD $310,700.
Whether the acquisition falls This acquisition does not constitute a related party transaction. None
within related party transactions of the promoters or promoter group companies of Monarch Surveyors
and whether the promoter / and Engineering Consultants Limited have any interest, direct or
promoter group Companies have indirect, in GM & FE Ryan Pty Ltd, or the GMR Engineering Services Unit
any interest in the entity being Trust. The transaction has been negotiated entirely on arm's length
acquired? commercial terms between independent parties.
Industry to which the entity being Engineering Consulting and Land Surveying. GM & FE Ryan Pty Ltd
acquired belongs through its unit trust GMR Engineering Services provides 8 integrated
engineering disciplines: civil & structural engineering, land surveying,
drone/UAV surveying, GIS & asset management, water engineering,
environmental engineering, sustainability/ESD services, and project
management. The business is regulated under the Corporations Act,
2001 (Cth) and Victorian professional licensing frameworks in Australia.
Objects and impact of acquisition The acquisition enables Monarch's strategic entry into the Australian
(including disclosure of reasons for engineering market. GM & FE Ryan Pty Ltd through its unit trust GMR
acquisition; whether the business Engineering Services business of land surveying, engineering design,
is outside the main line of business drone services and geospatial solutions is directly within Monarch's
of the listed entity) main line of business as stated in its MOA — and is NOT outside the
main line of business. The acquisition provides:
(i) immediate access to 7 Australian Government procurement panels;
(ii) ~80% client retention rate and 20-year operating track record
(iii) 12 qualified FTE and AUD $310,700 in owned technology assets; and
(iv) a platform for Monarch's Australian operations.
Expected revenue impact: AUD $1.76M–$1.84M in FY2026, growing to
AUD $2.14M–$3.22M by FY2030 (3 growth scenarios).
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.monarchconsultants.in
Mumbai | New Delhi | Nagpur | Nashik | Navi Mumbai | Ahmedabad
Particulars Details
Brief details of any Governmental (i) RBI / AD Bank ODI — Form ODI Part I filing with Authorised Dealer
or regulatory approvals required Bank under FEM (Overseas Investment) Rules, 2022 before any fund
for the acquisition remittance; (ii) BSE SME Disclosure — Regulation 30 intimation under
SEBI LODR Regulations 2015 within 24 hours of this Board Resolution.
Details of any governmental or As detailed above: (i) Form ODI Part I filing with AD Category-I Bank
regulatory approvals required (RBI/FEMA framework) before any overseas remittance; (ii) Form ODI
Part II within 30 days of completion; (iii) Annual Performance Reports
(APRs) with AD Bank within 60 days of GM & FE Ryan Pty Ltd and its unit
trust GMR Engineering Services financial year-end; (vi) SEBI LODR
Regulation 30 disclosure to BSE SME Platform.
Indicative time period for The Acquisition has been Completed.
completion of acquisition activities
Consideration — whether Cash The consideration is in Cash
consideration or share swap or any
other form and details of the same
Cost of acquisition and/or the price The cost of acquisition is AUD 1,741,140 comprising of 10 (Ten) equity
at which the shares are acquired shares at the rate of AUD 174,114.
Percentage of shareholding / Acquisition of 10 Equity shares amounting to 100% equity stake of GM
control acquired and/or number of & FE Ryan Pty Limited.
shares acquired
Brief background about the entity GM & FE Ryan Pty Ltd (ACN: 085 586 910) and its unit trust GMR
acquired — products/line of Engineering Services (ABN: 83 408 901 287): GM & FE Ryan Pty Ltd was
business, date of incorporation, incorporated in Australia. Business Trading commenced December
history of last 3 years' turnover, 2004 (20+ years of continuous operation). Principal: Mr. Glen Marshall
country of presence, and other Ryan (46+ years engineering experience). Location: 164 Maude Street,
significant information Shepparton, Victoria 3630, Australia. Services: civil & structural
engineering, land surveying, drone/UAV services, GIS, water
engineering, sustainability/ESD, project management. Last 3 years'
turnover (audited/reviewed): FY2023 ~AUD $1.4M (est.), FY2024 AUD
$1.6M, FY2025 AUD $1.8M (actual). FY2026 Forecast: AUD $2.2M. Key
attributes: 12 FTE, zero debt, 80% repeat business.
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.monarchconsultants.in
Mumbai | New Delhi | Nagpur | Nashik | Navi Mumbai | Ahmedabad