Multibagger Broking Firm to acquire Australian engineering firm for AUD 1.81 million

On Friday, shares of Monarch Networth Capital Ltd jumped 2.20 per cent to Rs 295.43 per share from its previous closing of Rs 289.08 per share. The stock’s 52-week high is Rs 398.80 per share and its 52-week low is Rs 235.45 per share. On Friday, shares of the company closed at Rs 295.43 apiece. During the session, the stock surged 3.22 per cent to its Intraday high of Rs 298.40.

Monarch Surveyors and Engineering Consultants Ltd (BSE: 544453), engaged in civil infrastructure consulting services, has announced that its Board of Directors has approved the execution of a binding agreement for the acquisition of 100 per cent equity share capital of GM & FE Ryan Pty Ltd, Australia, subject to completion of due diligence and regulatory approvals.

GM & FE Ryan Pty Ltd operates the business of GMR Engineering Services, an established engineering consulting and land surveying firm based in Victoria, Australia, with over two decades of operating history. The company offers integrated services across civil and structural engineering, land surveying, GIS, drone/UAV surveying, water engineering and project management.

The proposed acquisition will provide Monarch with a strategic entry into the Australian market and access to established client relationships, government procurement panels and a strong execution platform. The transaction is expected to be completed by May 2026, subject to regulatory approvals and completion of due diligence. The acquisition will be undertaken for a total consideration of approximately USD 1.81 million.

Commenting on the development, Mr. Sunil Kokare, Director - Business, Monarch Surveyors and Engineering Consultants Ltd, said that the proposed acquisition marks an important strategic milestone as the company takes its first step towards international expansion. He added that the target entity operates within Monarch’s core line of business and brings strong capabilities in engineering consulting, land surveying and geospatial services, along with an established presence in the Australian market.

He further highlighted that the acquisition is expected to be income accretive and will help the company leverage synergies in technology, execution capabilities and long-term client relationships, while gaining access to international markets and diversified revenue streams. With a strong operational track record, high client retention and access to government procurement platforms, the deal provides a scalable platform for overseas growth and strengthens Monarch’s long-term strategy.

Founded in 1999, Monarch Surveyors and Engineering Consultants Ltd is a publicly listed infrastructure consulting company involved in projects across Railways, roads, urban development and industrial corridors. The company provides services including DPR preparation, urban development planning, land acquisition, geospatial mapping using LiDAR and 3-D scanning, detailed engineering design and project management.

The company has a market cap of over Rs 2,183.45 crore. The stock price has surged over 183.66 per cent in last 3 years. The stock has delivered around 25.48 per cent returns from its 52-week low of Rs 235.45 per share.

Disclaimer: The article is for informational purposes only and not investment advice.

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