Marathon Nextgen Realty Ltd

Marathon Nextgen Realty Limited convened meetings of its equity shareholders and unsecured creditors on Monday, September 7, 2026, to approve a composite scheme of amalgamation and arrangement involving Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, Matrix Land Hub Private Limited, Marathon Nextgen Realty Limited, and Marathon Energy Private Limited, as directed by the National Company Law Tribunal, Mumbai Bench. Voting on the scheme was conducted via remote e-voting and during the meetings, with results and a report from Scrutinizer Bhumika Sidhpura to be submitted to the Tribunal and stock exchanges.

Marathon Nextgen Realty Limited convened meetings of its equity shareholders and unsecured creditors on Monday, September 7, 2026, to approve a composite scheme of amalgamation and arrangement involving Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, Matrix Land Hub Private Limited, Marathon Energy Private Limited, and their respective shareholders and creditors, under Section 230 to 232 of the Companies Act, 2013. The meetings, held via video conferencing and other audio-visual means following directions from the National Company Law Tribunal, Mumbai Bench, included remote e-voting and voting during the meetings, with results and a report from Scrutinizer Bhumika Sidhpura to be submitted separately.

Marathon Nextgen Realty Limited has set September 18, 2026, as the record date for the payment of a final dividend of Re. 1 per equity share, or 20%, for the financial year 2025-26, according to a filing with the BSE Limited and NSE Limited. The dividend payment, contingent upon shareholder approval at the company's 49th Annual General Meeting on September 28, 2026, will be disbursed on or after that date.

Virat Industries Ltd, Advit Jewels Ltd, Allcargo Terminals Ltd Partly Paidup and Super Tannery Ltd are among the other gainers in the BSE's 'B' group today, 24 August 2026.Marathon Nextgen Realty Ltd spiked 19.99% to Rs 422.8 at 24-Aug-2026 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 2.45 lakh shares were traded on the counter so far as against the average daily volumes of 30874 shares in the past one month. Virat Industries Ltd soared 19.99% to Rs 476. The stock was the second biggest gainer in 'B' group. On the BSE, 45123 shares were traded on the counter so far as against the average daily volumes of 2839 shares in the past one month. Advit Jewels Ltd surged 19.99% to Rs 213.1. The stock was the third biggest gainer in 'B' group. On the BSE, 3.79 lakh shares were traded on the counter so far as against the average daily volumes of 25373 shares in the past one month. Allcargo Terminals Ltd Partly Paidup added 19.90% to Rs 9.94. The stock was the fourth biggest gainer in 'B' group. On the BSE, 14065 shares were traded on the counter so far as against the average daily volumes of 1393 shares in the past one month. Super Tannery Ltd gained 19.40% to Rs 10.83. The stock was the fifth biggest gainer in 'B' group. On the BSE, 6.73 lakh shares were traded on the counter so far as against the average daily volumes of 1.23 lakh shares in the past one month.

Marathon Nextgen Realty Limited will hold meetings of its equity shareholders and unsecured creditors on September 7, 2026, via video conferencing/other audio-visual means, to approve a Composite Scheme of Amalgamation and Arrangement involving Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, Matrix Land Hub Private Limited, Marathon Nextgen Realty Limited, and Marathon Energy Private Limited, as directed by the National Company Law Tribunal, Mumbai Bench. The meetings follow prior notifications on March 31, 2025, May 21, 2025, August 11, 2025, March 26, 2026, and March 31, 2026, and are based on an order dated July 2, 2026.

Marathon Nextgen Realty Limited will hold meetings of its equity shareholders and unsecured creditors on September 7, 2026, via video conferencing/other audio-visual means, to approve a Composite Scheme of Amalgamation and Arrangement involving Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, Matrix Land Hub Private Limited, Marathon Energy Private Limited, and their respective shareholders and creditors, as directed by the National Company Law Tribunal, Mumbai Bench. The meetings follow prior notifications on March 31, 2025, May 21, 2025, August 11, 2025, March 26, 2026, and March 31, 2026, and are based on an order dated July 2, 2026.

Marathon Nextgen Realty Limited will convene meetings of its equity shareholders and unsecured creditors on September 7, 2026, via video conferencing/other audio-visual means to approve a Composite Scheme of Amalgamation and Arrangement involving Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, Matrix Land Hub Private Limited, Marathon Energy Private Limited, and their respective shareholders and creditors, as directed by the National Company Law Tribunal, Mumbai Bench. The meetings follow prior notifications on March 31, 2025, May 21, 2025, August 11, 2025, March 26, 2026, and March 31, 2026, and are based on an order dated July 2, 2026.

Marathon Nextgen Realty Limited will hold a board meeting on Friday, August 7, 2026, to consider and approve the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, according to a regulatory filing with the BSE Limited and NSE Limited. The trading window for the company's securities was closed for designated persons from Wednesday, July 1, 2026, and will remain so until 48 hours after the declaration of the financial results.

Marathon Nextgen Realty Limited announced that its subsidiary, Sunset Spaces Private Limited, entered into a Joint Development Agreement for a cluster redevelopment project in Sewri, Mumbai, with an estimated Gross Development Value (GDV) of approximately Rs 450 crore for MNRL. The project, situated on a 7,500 square metre land parcel, will comprise a high-rise residential tower with high-street retail spaces and marks the company’s entry into a strategically connected South Mumbai micro-market.

The project comprises the redevelopment of an existing residential society situated on land admeasuring approximately 1.5 acres, with an estimated gross development value of over Rs 450 crore, subject to receipt of requisite approvals, final plans, applicable regulations and market conditions. The project is being planned as a differentiated, relatively low-density residential redevelopment for the Versova micro-market. This approach is expected to enable a higher proportion of open and landscaped spaces compared with typical high-density redevelopment projects in the area. Under the terms of the agreement, Sunset Spaces will undertake the planning, approvals, design, construction and execution of the redevelopment project in accordance with applicable laws, regulations and the mutually agreed terms with the society. Marathon NextGen Realty has completed over 100 projects in Mumai, with a portfolio encompassing townships, affordable housing, luxury residential, retail, small business spaces, and corporate parks. The Group has ongoing projects at Lower Parel, Byculla, Mulund, and land banks at Bhandup, Thane, Dombivli and Panvel. The company had reported 16.14% decline in consolidated net profit to Rs 44.70 crore on a 23.58% fall in revenue to Rs 113.55 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live