Marathon Nextgen Realty Limited has reported a share acquisition by a promoter group member under the Securities and Exchange Board of India's Prohibition of Insider Trading Regulations. The company filed the mandatory disclosure on March 4, 2026, regarding equity share transactions by Mrs. Ansuya Ramniklal Shah.

Transaction Details

The disclosure reveals that Mrs. Ansuya Ramniklal Shah, identified as a member of the promoter group, acquired equity shares through on-market purchase. The transaction details are presented below:

Shareholding Changes

The acquisition resulted in a change in Shah's shareholding position in the company. Her equity holding increased substantially following this transaction:

Regulatory Compliance

The disclosure was made pursuant to Regulation 7(2)(a) read with Regulation 6(2) of the SEBI Prohibition of Insider Trading Regulations, 2015. Company Secretary and Compliance Officer Yogesh Patole submitted the required Form C documentation to both BSE Limited and NSE Limited on March 4, 2026.

The company confirmed that the transaction value excludes taxes, brokerage, and other charges as per regulatory requirements. No derivative trading was reported in connection with this transaction, with all derivative-related fields marked as not applicable in the disclosure form.

Marathon Nextgen Realty Limited conducted its Q3 and nine months FY26 earnings conference call on February 17, 2026, reporting exceptional financial performance with record-breaking profit figures. The company achieved its highest ever nine-month profit after tax of INR 161 crores, demonstrating strong execution across its diversified portfolio.

Financial Performance Highlights

The company delivered robust financial metrics during the nine-month period, with comprehensive performance across multiple business segments.

The revenue mix for the nine-month period comprised approximately 60% residential and 40% commercial segments, reflecting the company's balanced portfolio approach. Management emphasized that the strong performance was driven by robust commercial portfolio contributions alongside steady residential business traction.

Project Development Updates

Commercial Assets Performance

Futurex Complex in Lower Parel continues to demonstrate strong market appeal with nearly 224,000 square feet of post-merger ready inventory. The Grade A commercial asset has attracted high-quality buyers and lessees, supporting healthy realizations with approximately 10% increase in sales value and realizations compared to the previous financial year.

Marathon Millennium, the company's commercial project in Mulund, has witnessed encouraging traction from small and medium enterprises, contributing to the overall commercial segment performance.

Residential Project Progress

Monte South at Byculla continues its decisive progress with significant construction milestones achieved across all towers.

The project maintains consistent sales velocity of approximately INR 100 crores per quarter, demonstrating sustained market demand for premium residential offerings.

Bhandup Development Portfolio

The Neo series projects in Bhandup are progressing strongly with impressive sales achievements:

• NeoValley Kaveri: Over 90% sold, 22nd floor RCC nearing completion
• NeoValley Narmada: Over 45% sold, reached plinth stage construction
• NeoPark Ashoka: Over 70% sold, finishing works for 22 stories at advanced stage with OC expected in coming months

Panvel Township Development

Marathon Nexzone in Panvel continues to benefit from enhanced infrastructure connectivity, including the operational Navi Mumbai International Airport and Mumbai Trans Harbour Link (Atal Setu).

Strategic Initiatives and Market Position

The company maintains its focus on the Mumbai Metropolitan Region, leveraging infrastructure developments and redevelopment opportunities. Management highlighted ongoing evaluation of over 45-50 redevelopment projects with a dedicated team of 12 professionals working specifically on redevelopment initiatives.

Merger and Amalgamation Progress

The ongoing merger process is expected to bring approximately 400 acres of land across three major parcels in Panvel, Dombivli, and Bhandup. The process has received clearance from NSE and BSE exchanges, with SEBI approval currently in final stages following three rounds of question-answers.

Financial Position and Debt Management

The company has achieved a net debt-free position with current debt reduced to approximately INR 20 crores, primarily comprising equipment and vehicle loans. From the QIP proceeds of INR 900 crores, approximately INR 340 crores was utilized for debt repayment, with remaining funds allocated toward existing project investments and new acquisition opportunities.

Market Outlook and Future Prospects

Management expressed confidence in the Mumbai real estate market, citing continued infrastructure-led growth and sustained economic momentum. The company expects to benefit from the consolidation trend in the industry and maintains its strategic focus on high-demand micro-markets within the MMR region.

For FY27, major revenue contributors are expected to include Futurex commercial ready-to-move-in inventory, Monte South residential sales, and newly announced launches in Panvel and Bhandup. The company anticipates approximately INR 400 crores in presales from Monte South alone, with additional contributions from the 4.9 lakh square feet Panvel Phase 3 launch valued at INR 600 crores.