Marathon Nextgen Realty Limited — Board Meeting, 11-08-2025: Outcome of Board Meeting
11-08-2025 | 08:20 pm
11-08-2025 | 08:20 pm
Marathon Nextgen Realty's Q1 consolidated revenue jumped to ₹140.81 Cr, driving net profit to ₹59.88 Cr. The company has announced its 48th Annual General Meeting on September 24, 2025. Key strategic moves include an amendment to the Composite Scheme of Amalgamation and Arrangement. This revision follows the successful Qualified Institutional Placement (QIP) which raised about ₹900 Cr. The QIP significantly altered the shareholding, increasing public stake to 44.08% from 26.37% pre-QIP, impacting promoter holding. Despite the adjustments, the total number of shares issued under the scheme remains unchanged, and there are no changes to merger consideration.
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