Marathon Nextgen Realty Submits Q4FY26 SEBI Compliance Certificate for Dematerialisation Process

1 min read     Updated on 09 Apr 2026, 12:22 PM
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Marathon Nextgen Realty Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on April 9, 2026, covering the quarter ended March 31, 2026. The certificate from registrar Adroit Corporate Services Private Limited confirms proper dematerialisation processes, including timely securities confirmation, certificate cancellation, and register updates within the mandated 15-day period.

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Marathon Nextgen Realty Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI's dematerialisation framework for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 9, 2026. Company Secretary and Compliance Officer Yogesh Patole (Membership No.: A48777) submitted the documentation to both BSE Limited and NSE Limited.

Filing Details: Information
Quarter Period: March 31, 2026
Certificate Date: April 1, 2026
Filing Date: April 9, 2026
Regulation: SEBI Regulation 74(5)
BSE Scrip Code: 503101
NSE Symbol: MARATHON

Registrar Confirmation

M/s. Adroit Corporate Services Private Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate dated April 1, 2026. The certificate confirms adherence to dematerialisation procedures during the quarter.

The registrar confirmed several key compliance aspects:

  • Securities received from depository participants for dematerialisation were properly confirmed to depositories
  • All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
  • Security certificates received for dematerialisation were mutilated and cancelled after due verification
  • Depository names were substituted in the register of members as registered owners within the required 15-day period

Process Verification

Adroit Corporate Services Private Limited verified that all dematerialisation activities during Q4FY26 followed prescribed regulatory protocols. The registrar's confirmation ensures that Marathon Nextgen Realty maintained compliance with SEBI's depositories and participants regulations throughout the quarter.

Compliance Aspects: Status
Securities Confirmation: Completed
Exchange Listing: Verified
Certificate Cancellation: Executed
Register Updates: Within 15 days

This quarterly filing represents Marathon Nextgen Realty's ongoing commitment to regulatory compliance and transparent corporate governance practices in securities management.

Historical Stock Returns for Marathon NextGen Realty

1 Day5 Days1 Month6 Months1 Year5 Years
+1.54%+7.77%+27.48%-15.67%+0.53%+944.18%

Will Marathon Nextgen Realty's consistent regulatory compliance improve its ESG ratings and attract institutional investors in the upcoming quarters?

How might SEBI's potential updates to dematerialisation regulations in 2026 impact Marathon Nextgen Realty's compliance processes and costs?

Could Marathon Nextgen Realty's strong governance practices position it favorably for any planned equity fundraising or expansion initiatives?

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Marathon Nextgen Subsidiary Acquires Three Real Estate Companies for ₹70 Crores

3 min read     Updated on 01 Apr 2026, 06:28 PM
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Marathon Nextgen Realty's wholly owned subsidiary Nexzone IT Infrastructures acquired controlling stakes in DVK Developers, Shree S S Developers, and Shree Swami Samarth Builders for ₹70 crores. The strategic acquisitions unlock combined GDV exceeding ₹840 crores across six residential projects in Kanjurmarg, Mumbai, with expected carpet area of 5.94 lakh sq.ft and focus on quicker revenue realisation cycles.

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Marathon Nextgen Realty Limited has announced a significant expansion move through its wholly owned subsidiary Nexzone IT Infrastructures Private Limited (NZIT), which has acquired controlling stakes in three real estate companies for ₹70.00 crores. The company informed stock exchanges about these strategic acquisitions under SEBI listing regulations on April 1, 2026.

Strategic Acquisitions Overview

The three acquired entities include DVK Developers Private Limited, Shree S S Developers Private Limited, and Shree Swami Samarth Builders partnership firm. All acquisitions involve 51% controlling interest with varying economic participation structures and an expected combined carpet area of 5.94 lakh sq.ft across six residential projects in Kanjurmarg, Mumbai.

Acquisition Summary: Details
Total Investment: ₹70.00 Crores
Number of Entities: 3 Companies
Acquiring Entity: Nexzone IT Infrastructures Private Limited
Business Sector: Real Estate and Construction
Project Location: Kanjurmarg, Mumbai Metropolitan Region
Expected Carpet Area: 5.94 Lakh Sq.ft.
Combined GDV: Over ₹840 Crores
Number of Projects: 6 Residential Projects

DVK Developers Private Limited Acquisition

DVK Developers represents the first acquisition with specific financial parameters and project potential in the Mumbai Metropolitan Region.

DVK Developers Details: Specifications
Acquisition Cost: ₹22,47,60,240
Controlling Stake: 51% (including 34% economic interest)
Authorised Capital: ₹6.50 Crores
Paid Up Capital: ₹3.00 Crores
Expected GDV: More than ₹245 Crores
Incorporation Date: October 9, 2017
Recent Turnover: Nil (FY 2022-23 to 2024-25)

Shree S S Developers Private Limited Details

The second acquisition involves Shree S S Developers, which shows active revenue generation compared to other acquired entities.

SSSD Financial Profile: Information
Acquisition Cost: ₹40,26,86,760
Controlling Interest: 51% (including 34% economic interest)
Authorised Capital: ₹5.00 Crores
Paid Up Capital: ₹2.00 Lakhs
Expected GDV: More than ₹385 Crores
Incorporation Date: September 12, 2020
FY 2024-25 Turnover: ₹22.08 Crores
FY 2023-24 Turnover: ₹26.85 Crores
FY 2022-23 Turnover: ₹24.06 Crores

Shree Swami Samarth Builders Partnership

The third acquisition involves a partnership firm with established operations since 2010.

SSSB Partnership Details: Particulars
Acquisition Cost: ₹7,25,53,000
Controlling Stake: 51% (including 33.33% profit sharing)
Expected GDV: More than ₹210 Crores
Registration Date: October 21, 2010
FY 2024-25 Turnover: ₹40.00 Lakhs
Previous Years Turnover: Nil (FY 2022-23 and 2023-24)

Strategic Rationale and Business Impact

Marathon is deploying available capital into acquisitions that offer quicker realisation cycles, enabling faster revenue generation and improved capital efficiency. Approximately 35% of the projects under these acquisitions are either already under construction or positioned for launch within the next twelve months, providing near-term revenue visibility.

Strategic Benefits: Details
Quick Turnaround: 35% projects under construction or ready for launch
PTC Component: 20% of project area earmarked as Permanent Transit Camp
Target Markets: Vile Parle East, Andheri East, Jogeshwari East, Goregaon East
Service Radius: 5 km radius or adjoining wards (T, P/S, K/E, L, N)

Approximately 20% of the total project area has been earmarked as Permanent Transit Camp (PTC), where the company undertakes construction and hands over completed units to the Slum Rehabilitation Authority against other developers' requirements. This model enables effective monetisation by catering to developers in neighbouring wards.

Transaction Structure and Compliance

All three acquisitions follow a consistent structure with NZIT acquiring majority controlling interests while maintaining significant economic participation. The transactions were executed entirely through cash payments, providing immediate control over the acquired entities' operations and project portfolios. The company confirmed that no governmental or regulatory approvals were required for these acquisitions, and all transactions were completed as non-related party deals.

Historical Stock Returns for Marathon NextGen Realty

1 Day5 Days1 Month6 Months1 Year5 Years
+1.54%+7.77%+27.48%-15.67%+0.53%+944.18%

How will Marathon Nextgen Realty finance the development of these six residential projects given the ₹840+ crore combined GDV requirement?

What impact could potential changes in Mumbai's slum rehabilitation policies have on the 20% PTC component of these projects?

Will Marathon consider similar acquisition strategies in other Mumbai micro-markets or expand to different metropolitan areas?

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