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 the quarterly monitoring report for Marathon Nextgen Realty's QIP (Qualified Institutions Placement) of June 2025. The QIP raised INR 89,999.93 Lakhs through issuance of 1.62 crore equity shares at INR 555.13 per share. As of March 31, 2026, the company has utilized INR 64,026.86 Lakhs (71%) of the proceeds, with INR 25,973.07 Lakhs remaining unutilized. The unutilized funds are deployed in liquid funds, debt funds, NCDs, and bonds, generating INR 613.58 Lakhs in earnings. No deviation from objects or unfavorable events affecting viability were observed. The monitoring agency confirmed all requisite approvals have been obtained for current project stages.
Positive signal for shareholders: funds are being deployed as per disclosed objects with no deviations, and unutilized proceeds are generating returns through safe debt instruments. The land acquisition (INR 24,699.13 Lakhs unutilized) remains on track for completion by March 2027.