Marathon Nextgen Realty Limited has informed the Exchange about Appointment of Auditors
MARATHON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 with an unmodified auditor's opinion. Consolidated net profit grew to Rs. 190.53 crore (up from Rs. 168.78 crore in FY24), while standalone net profit was largely flat at Rs. 135.76 crore. Revenue from operations declined on both standalone (Rs. 241.94 crore vs Rs. 344.81 crore) and consolidated (Rs. 580.14 crore vs Rs. 704.62 crore) bases. A final dividend of 20% (Re. 1 per share on face value Rs. 5) has been recommended, subject to shareholder approval. The board re-appointed M/s. Manish Shukla & Associates as Cost Auditor and M/s. Moore Singhi Advisors LLP as Internal Auditor for FY26, and appointed M/s. M P Sanghavi & Associates LLP as Secretarial Auditors for five years. Three senior management personnel were also appointed. The board amended the composite scheme of amalgamation, revising the share exchange ratio for the demerger of Demerged Undertaking 1 of Marathon Realty Private Limited.
Mixed signals for shareholders - profit growth is positive but revenue decline and higher finance costs warrant attention. The 20% dividend and ongoing demerger/restructuring exercises may support stock interest, though scheme amendments introduce some uncertainty around timing and final structure.