Monitoring Agency Report for December 31, 2025
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 submitted the India Ratings & Research monitoring report for its QIP of about ₹900 crore raised in June 2025 (1.62 crore shares at ₹555.13). Of the total ₹899.99 crore, ₹556.78 crore (about 62%) has been utilised so far, with no deviation from stated objects. Borrowing repayment of ₹340.36 crore was completed ahead of the March 2026 deadline. Investment in subsidiaries for ongoing projects stands at ₹113.95 crore against the target of ₹160 crore, with ₹46.05 crore still pending. Land acquisition has barely begun, with only ₹4 crore used out of the ₹300 crore earmarked. General corporate purposes and issue expenses are nearly fully deployed.
The report is largely procedural and shows proceeds are being used as promised, but the very slow use of the ₹296 crore meant for land acquisition (just 1.3% spent) signals that a major growth lever is yet to be activated. The ₹343 crore still parked in liquid funds and bonds is earning some return, but shareholders may want to see faster deployment to drive business growth.