Marathon Nextgen Realty: No Deviation in QIP Proceeds Utilization

Marathon Nextgen Realty Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by India Ratings & Research Private Limited, confirms no deviation from the objects for which the Qualified Institutions Placement (QIP) proceeds were raised. The utilization of funds is in line with the disclosures made in the placement document, based on management undertakings and a certificate from statutory auditors Rajendra & Co. The QIP, which occurred between June 23-30, 2025, raised INR 89,999.93 Lakhs through the issuance of 1,62,12,406 equity shares.