Marathon Nextgen Realty Limited has informed the Exchange regarding 'Update on Composite Scheme of Amalgamation and Arrangement'.
MARATHON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Marathon Nextgen Realty's board, on August 11, 2025, approved unaudited Q1 FY26 results (standalone net profit Rs. 4,187.22 lakhs, EPS Rs. 8.18; consolidated net profit Rs. 6,157.33 lakhs, EPS Rs. 11.69) and fixed the 48th AGM for September 24, 2025. The board also amended its Composite Scheme of Amalgamation and Arrangement (originally approved on March 31, 2025) to revise share entitlement ratios following the successful QIP. Under the QIP, the company raised ~Rs. 90,000 lakhs (Rs. 900 crores) on June 30, 2025, allotting 1.62 crore equity shares at Rs. 555.13 each on July 1, 2025, increasing the total share count to 6.74 crore. The revised ratios cover the amalgamation of MWMPL and SRPL into the company, and the demerger of four undertakings (from MRPL, MEPDPL, and MLHPL) into the company and its wholly-owned subsidiary Marathon Energy. Total shares to be issued under the scheme remain unchanged; the scheme awaits NOC from BSE/NSE before being filed with NCLT.
The revision is a technical adjustment triggered by the QIP dilution and does not change the total value being issued under the scheme. Shareholders should watch for NCLT filing and the next hearing, which are the key milestones; near-term, the Q1 numbers show strong consolidated earnings growth (~63% YoY net profit).