Marathon Nextgen Realty Limited issued a corrigendum on August 12, 2026, to address a presentation error in its financial results for the quarter ended June 30, 2026 (Q1FY27). The company clarified that the Net Profit/(Loss) for the period before tax and exceptional items was inadvertently reported with an incorrect alignment of figures in the table published in the Financial Express newspaper on August 9, 2026. This procedural correction ensures accurate representation of the data for investors and regulators.

The clarification states that while the visual alignment of the numbers in the published table was erroneous, the actual financial figures themselves remain correct and unchanged. The error did not affect the reported values for Standalone or Consolidated Net Profit before tax and exceptional items. The corrected information was disseminated via the same newspaper on August 12, 2026, and submitted to BSE Limited and NSE Limited for record-keeping purposes.

Corrected Financial Data

The corrigendum explicitly lists the correct figures for Net Profit/(Loss) for the period before tax and exceptional items, confirming that no numerical values were altered. The following table reflects the accurate data as per the company's submission:

Note: Figures are in ₹ lakh. The company confirmed there is no change in any other published information related to the Q1FY27 results.

Regulatory Compliance

Yogesh Patole, Company Secretary and Compliance Officer of Marathon Nextgen Realty Limited, signed the communication dated August 12, 2026. The letter addressed the Listing Departments of both BSE Limited and NSE Limited, requesting them to take the clarification on record. The scrip code for the company on BSE is 503101, and the symbol on NSE is MARATHON.

What the Numbers Show

The issuance of this corrigendum highlights the importance of precise data presentation in regulatory filings. Although the error was purely cosmetic—relating to the alignment of figures within a table rather than the accuracy of the numbers themselves—it required immediate rectification to maintain transparency. Investors should note that the previously reported consolidated PAT of ₹52.43 crore and standalone PAT of ₹366.19 lakh for Q1FY27 remain valid, as the corrigendum specifically pertains only to the pre-tax profit line item's table formatting. The company’s fundamental financial performance metrics disclosed in the original report are unaffected by this administrative correction.

Marathon Nextgen Realty will convene separate meetings for its equity shareholders and unsecured creditors on September 7, 2026, to seek approval for a composite scheme of amalgamation and arrangement. The meetings are being held pursuant to an order dated July 2, 2026, passed by the National Company Law Tribunal (NCLT), Mumbai Bench, in Company Application No. (C.A. (CAA) No. 110 OF 2026). The proposed scheme aims to restructure several group entities by merging transferor companies into Marathon Nextgen Realty Limited while demerging specific assets into Marathon Energy Private Limited.

The scheme involves complex corporate restructuring across seven entities. Matrix Water Management Private Limited and Sanvo Resorts Private Limited act as Transferor Companies 1 and 2, respectively, merging into Marathon Nextgen Realty Limited, which serves as Resulting Company 1 and the Transferee Company. Simultaneously, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, and Matrix Land Hub Private Limited serve as Demerged Companies 1, 2, and 3, with their respective business units or assets moving to Marathon Energy Private Limited, designated as Resulting Company 2. The approval is sought under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

Both meetings will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) as directed by the NCLT. Equity shareholders recorded in the register of members as of the cut-off date, Tuesday, May 26, 2026, are eligible to participate. Unsecured creditors recorded as of Tuesday, March 31, 2026, hold voting rights for their respective meeting. Remote e-voting for both groups opens on Friday, September 4, 2026, at 9:00 A.M. IST and closes on Sunday, September 6, 2026, at 5:00 P.M. IST.

The company issued the notice for these meetings on August 5, 2026, sending it electronically to registered email addresses of shareholders and creditors. The notices include annexures, the copy of the Scheme, and an explanatory statement under Sections 230 and 232 read with Section 102 of the Companies Act, 2013, and Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. These documents are also available on the company’s website and the National Securities Depository Limited (NSDL) e-voting portal.

What This Means for Stakeholders

The approval of this composite scheme represents a significant structural shift for Marathon Nextgen Realty Limited and its group companies. For equity shareholders, the vote determines the consolidation of assets from Matrix Water Management Private Limited and Sanvo Resorts Private Limited into the listed entity. For unsecured creditors, the restructuring impacts the legal entity responsible for their claims, potentially altering recovery prospects depending on the financial health of the resulting companies. The distinct cut-off dates reflect the different classes of stakeholders involved in the amalgamation versus the demerger components of the scheme.