Please find attached Annual Secretarial Compliance Report
MARATHON · price
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Awaiting price reaction for this filing.
Marathon Nextgen Realty has filed its Annual Secretarial Compliance Report for FY25 as required under SEBI LODR Regulation 24A. During the review period, one non-compliance was noted: the gap between two Risk Management Committee meetings (held on 8 Feb 2024 and 11 Nov 2024) exceeded the 210-day limit under Regulation 21(3C), though no penalty was imposed. The report also confirms that all five prior-year non-compliances have been remediated, including appointment of a CFO effective 21 June 2024, procurement of a new SDD software for insider trading tracking, and payment of fines totalling Rs. 57,820 (Rs. 11,800 to NSE for delayed XBRL related-party filing and Rs. 46,020 to BSE for delayed security cover disclosure). The company received advisory letters from BSE and NSE dated 14 August 2024 regarding related-party disclosures and issued a warning to a designated person for an insider trading violation, with profits remitted to the SEBI Investor Protection Fund.
The filing is largely procedural but reveals minor governance lapses around committee meeting frequency and past filing delays. With no new monetary penalties and prior issues remediated, the impact on shareholders is neutral and unlikely to affect stock price materially.