Monitoring Agency Report for the quarter ended March 31, 2026
MARATHON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings & Research has submitted its monitoring agency report for Marathon Nextgen Realty's QIP proceeds for Q4 FY26. The company raised INR 89,999.93 Lakhs (approximately INR 900 crore) through a QIP in June 2025 by issuing 1.62 crore equity shares at INR 555.13 per share. As of March 31, 2026, INR 64,026.86 Lakhs (71%) has been utilized out of the total issue size. The borrowing repayment of INR 34,035.93 Lakhs has been completed ahead of schedule. Land acquisition remains largely unutilized at INR 5,300.87 Lakhs of INR 30,000 Lakhs earmarked, with INR 24,699.13 Lakhs still unutilized. The unutilized INR 25,973.07 Lakhs is parked in liquid mutual funds, short-term debt funds, NCDs, and bonds. No deviation from the stated objects of the issue has been observed.
The report shows the QIP funds are being deployed as planned with no deviations. The significant unutilized amount in liquid instruments is expected given ongoing land acquisition. Shareholders can take comfort that independent monitoring confirms proper utilization of QIP proceeds.