Marathon Nextgen Realty Limited has informed the Exchange regarding 'Report of Monitoring Agency for the quarter ended June 30, 2025'.
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Marathon Nextgen Realty has filed the quarterly Monitoring Agency Report for its Qualified Institutional Placement (QIP) of ₹89,999.93 lakhs (about ₹900 crore), conducted at ₹555.13 per share for 1.62 crore equity shares. The Monitoring Agency, India Ratings & Research, confirmed there is no deviation from the stated objects of the issue. As of June 30, 2025, the entire QIP amount remains unutilized and is lying in an HDFC Bank escrow account. The proceeds are earmarked for: investment in subsidiaries (₹16,000 lakhs), repayment/prepayment of borrowings (₹34,000 lakhs split between the company and its subsidiaries), acquisition of land or development rights (₹30,000 lakhs), general corporate purposes (₹8,965.29 lakhs), and issue expenses (₹1,034.64 lakhs). All project timelines are on track, with completion targets between March 2026 and March 2027.
This is a routine compliance filing confirming that the company has not yet deployed its ₹900 crore QIP proceeds but has parked them safely in an escrow account. Shareholders can take comfort that an independent monitoring agency has verified there are no deviations from the stated use of funds, though actual deployment and resulting business impact will only be visible in coming quarters.