MARATHON NEXTGEN REALTY LTD.

Marathon Nextgen Realty Ltd announced that its equity shareholders and unsecured creditors have approved a Composite Scheme of Amalgamation and Arrangement. The resolution, passed with the requisite majority, involves multiple transferor and transferee companies, including Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, and others. The voting results, confirmed by a consolidated scrutinizer's report, showed overwhelming support for the scheme. The details of the voting results and the scrutinizer's report are available on the company's website and its registrar's website.

Marathon Nextgen Realty Ltd has filed its Annual Report for the financial year ended March 31, 2026, along with the Notice of its 49th Annual General Meeting (AGM). The AGM is scheduled for September 28, 2026, to be held via Video Conferencing. The report includes disclosures as per SEBI Listing Regulations. Key dates for the AGM include a cut-off date of September 22, 2026, for voting, a record date of September 18, 2026, for dividend payment, and e-voting from September 25 to September 27, 2026. The company's market capitalization as of March 31, 2026, was ₹2,568 crores, with a declared dividend of ₹1.00 per equity share.

Marathon Nextgen Realty Ltd. announced its financial results for the first quarter ended June 30, 2026. The company reported a multi-quarter high revenue of ₹217 Crore and a Profit After Tax (PAT) of ₹52 Crore. The Chairman & Managing Director highlighted profitable growth, disciplined execution, and a net debt-free balance sheet. Key operational achievements include obtaining Occupancy Certificates for Cedar and Daffodil towers at Nexzone, progress on Monte South and Bhandup developments, and the addition of two redevelopment projects in Versova and Sewri with a Gross Development Value (GDV) of ₹900 crore. The company remains focused on timely project execution, capital deployment, and expanding its redevelopment platform.

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.

Consolidated revenue from operations rose 40.3% YoY to ₹197.50 Cr (₹140.81 Cr in Q1 FY26) and 73.9% QoQ (₹113.55 Cr in Q4 FY26), reflecting stronger property development revenue recognition. Consolidated PAT attributable to owners fell 16.1% YoY to ₹50.23 Cr (₹59.88 Cr a year ago) even as it rose 12.4% QoQ (₹44.70 Cr) — the QoQ improvement is a low, seasonal March-quarter base effect and not the headline story; the YoY decline is. No sell-side consensus estimates for this print could be located, so vsStreet is unknown. The YoY profit decline is not an execution problem: net profit margin compressed to 24.2% of total income from 32.3% a year ago (29.99% last quarter), but the operating (EBITDA) margin actually expanded to 23.6% from 21.95% YoY and 21.91% QoQ. The gap is explained almost entirely by "other income," which fell to ₹19.49 Cr this quarter from ₹50.10 Cr in Q1 FY26 (-61%) and ₹38.26 Cr in Q4 FY26. That income was largely treasury income on the ₹899.9993 Cr QIP raised in June 2025; per the filing's notes, ₹645.9764 Cr of it has now been deployed into projects, leaving a shrinking pool of surplus cash generating interest/investment income as it converts into operating income. Management's prior guidance (FY26 concall) pointed to record profits carrying into FY27, accelerated execution, expanded presales, and revenue visibility from new launches within 12 months — this quarter is broadly on track against that, with 40% YoY revenue growth confirming accelerating execution. The quarter also saw two new project announcements — a ₹450 Cr entry into Sewri (Aug 1, 2026) and an earlier ₹450 Cr Mumbai redevelopment (Jul 3, 2026) — adding to the launch pipeline management flagged. The long-pending composite amalgamation scheme (merging Matrix Water Management, Sanvo Resorts, Marathon Realty, Matrix Enclaves Projects and Matrix Land Hub into the company, appointed date Jan 1, 2025) also progressed, with stock-exchange NOCs received and NCLT/shareholder-creditor meetings scheduled for early August 2026; it remains subject to NCLT sanction. No standalone management commentary/press release was available with this filing to cross-check against the numbers. Standalone PAT was ₹36.62 Cr (including a ₹3.34 Cr JV profit share) with basic EPS of ₹5.43, against consolidated basic EPS of ₹7.78. Going forward, the trajectory to watch is whether other income keeps shrinking as QIP cash fully deploys — which would keep pressuring headline PAT even as core execution margins hold — and how quickly the new Sewri and redevelopment projects convert into presales and booked revenue.

Marathon Nextgen Realty Limited has announced NCLT-convened meetings for its unsecured creditors and equity shareholders on September 7, 2026. These meetings are to approve a Composite Scheme of Amalgamation and Arrangement involving several entities, including Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, and others. The scheme aims to amalgamate and arrange these companies, with Marathon Nextgen Realty Limited acting as the resulting transferee company. The meetings will be conducted via Video Conferencing/Other Audio Visual Means. Detailed instructions and notices are available on the company's website and NSDL's e-voting platform. The cut-off dates for eligibility to attend and vote are May 26, 2026, for equity shareholders and March 31, 2026, for unsecured creditors.

Marathon Nextgen Realty Limited has announced the schedule for NCLT-convened meetings of its equity shareholders and unsecured creditors. These meetings, to be held on September 7, 2026, via Video Conferencing/Other Audio Visual Means, are to approve a Composite Scheme of Amalgamation and Arrangement. The scheme involves multiple transferor and demerged companies, including Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, and others, with Marathon Nextgen Realty Limited as the resulting transferee company. The cut-off date for equity shareholders is May 26, 2026, and for unsecured creditors is March 31, 2026. Remote e-voting will be available from September 4 to September 6, 2026.

Marathon Nextgen Realty Limited has announced the NCLT-convened meetings for its equity shareholders and unsecured creditors. These meetings, scheduled for September 7, 2026, will approve a Composite Scheme of Amalgamation and Arrangement. The scheme involves multiple entities including Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, and others, with Marathon Nextgen Realty Limited acting as the Resulting Company 1. The meetings will be conducted via Video Conferencing/Other Audio Visual Means, with remote e-voting available from September 4 to September 6, 2026. This corporate action is a significant step towards restructuring the group's entities.

Marathon Nextgen Realty Ltd has announced that its Board of Directors will convene on August 7, 2026. The primary agenda item is to consider and approve the Unaudited Financial Results, both standalone and consolidated, for the quarter ended June 30, 2026. The company also informed about the trading window closure for designated persons, which began on July 1, 2026, and will remain shut until 48 hours after the financial results are declared.

Marathon Nextgen Realty Limited (MNRL), through its subsidiary Sunset Spaces Private Limited, has entered into a Joint Development Agreement for a cluster redevelopment project in Sewri, Mumbai. The project, situated on a 7,500 sq m land parcel, is estimated to have a Gross Development Value (GDV) of ₹450 crore for MNRL. It will feature a high-rise residential tower and high-street retail spaces. This marks MNRL's entry into the strategically important Sewri micro-market, enhancing its presence in South Mumbai. The development is expected to benefit from Sewri's improving connectivity, including the Atal Setu and the upcoming Sewri-Worli Elevated Connector. The project's GDV is subject to statutory approvals and market conditions.