Appointment of Internal Auditor and Cost Auditor for FY 2026-27
MARATHON · price
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Marathon Nextgen Realty Ltd's Board meeting on May 27, 2026 approved several items. The company reported strong standalone FY2026 results with revenue from operations of Rs 24,194.22 lakhs (up 36.9% from Rs 17,678 lakhs) and standalone PAT of Rs 18,953.81 lakhs (up 39.6% from Rs 13,576 lakhs). Consolidated revenue declined 14.5% to Rs 49,611.56 lakhs, though PAT grew 8.8% to Rs 20,295.63 lakhs. The Board recommended a final dividend of 20% (Rs 1 per share of Rs 5 face value). Statutory auditors issued unmodified opinions on both standalone and consolidated financial results. The company re-appointed M/s Manish Shukla & Associates as Cost Auditor and M/s Moore Singhi Advisors LLP as Internal Auditor for FY 2026-27. A Composite Scheme of Amalgamation is pending NCLT approval.
Strong standalone profit growth (40% PAT increase) and an unmodified audit opinion are positive signals for shareholders. The 20% dividend and continued auditor appointments indicate stable governance. The QIP proceeds and ongoing amalgamation scheme suggest active capital allocation.