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q3 Financial Result

On January 13, 2025, Marathon Nextgen Realty Limited's Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The results indicate a total income of ₹6,128.23 lakhs and a net profit of ₹3,484.15 lakhs for the quarter. The financial statements were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors.

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0% found this document useful (0 votes)
13 views9 pages

q3 Financial Result

On January 13, 2025, Marathon Nextgen Realty Limited's Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The results indicate a total income of ₹6,128.23 lakhs and a net profit of ₹3,484.15 lakhs for the quarter. The financial statements were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors.

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Regd.

Address : Marathon Futurex, Mafatlal Mills


~MARATHON Compound, N. M. Joshi Marg, Lower Parel 0/11),
Mumbai - 400 013.

Date: January 13, 2025

To
BSE Limited, NSE Limited,
Listing Department, Listing Department,
P.J. Towers, Dalal Street, Exchange Plaza, Plot No. C/1, G Block,
Mumbai- 400001. BKC, Bandra (East), Mumbai= 400051
Scrip Code: 503101 . NSE Code: MARATHON

Sub: Outcome of Board Meeting held on Mondavi January 13( 2025.

Ref: Regulation 30 -and 33 SEBI (Listing Obligations and Disdosilre Requirements)


Regulation( 2015 ("LODR")

Dear Sir/ Madam,

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure


Requirements) Regulations, 2015 ('Listing Regulations'), this is to inform you that the Board
of Directors of the Company at its meeting held today i.e. Monday, January 13, 2025 have
inter-alia considered and approved the following:

1. Unaudited Financial Results (Standalone and Consolidated) of the Company for the
quarter and nine months ended December 31, 2024.

A copy of said Unaudited Financial Results of the Company along with Limited
Review Reports issued by Statutory Auditor are enclosed herewith as' Annexure-I',

The Board meeting commenced at 12:45 p.m. and concluded at'3'.~0 _ p.m.

This is for your information and record.

Yours Truly,
Marathon N extgen Realty Limited

MARATHON NEXTGEN REALTY LTD. T : 022 6724 8484/88 CIN: L65990MH1978PLC020080


702, Marathon Max,Mulund-Goregaon Link Road, E: [email protected] WEB: www.marathon.in
Mulund (W).Mumbai 400080 www.marathonnextgen.com
RAJENDRA s, CO. 'Annexure-I'
CHARTERED ACCOUNTANTS
1311Dalamal Tower 211 Nariman Point Mumbai 400021 Tel: 6630 673512283 4266 E- ·1. @ ·
mat . contact rajendraco.com
Independent Auditor's Review Report on Quarterly and Year to Date unaudited
Standalone Financial Results of the Company pursuantto the Regulations 33 of the SEBI
(listing Obligations and Disclosure Requirements) Regulation 2015, as amended

REVIEW REPORT
To The Board of Directors
MARATHONNEXTGENREALTYLIMITED

1. We have reviewed the accornpanvtnq statement of unaudited standalone financial results of


MARATHON NEXTGEN REALlY LIMITED(the "Company") 'f0r the quarter and nine months
ended December 31,. 2024(the "Statement") attached herewith, bei:ng submitted by the Company
pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulatl.0ns1 2015, as amended (the "Listing Regulations"), read with SEBI
Circular No. CIR/CFD/FAC/62/2016 dated Stn July, 2016 ("the Circular").

2. The preparatlon of the Statement in accordance with the recognition and measurement principles
laid down in Indian Accounting Standard 34, Interim Finandal Reporting (Ind AS 34) prescribed
under secnen 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting
Standards) Rules, 2015 and the Circular, .which Is the responsiOility of the Company's
management and approved by the Board of Directors. Our responsibility is to express a
condusion on. the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 24101 "Review of Interim Financial Information' Performed b:Y the
Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. Tllis
standard requires that we- plan and perform the review to obtain moderate assurance as to
whether the Statement is free of material misstatement. A review of interim flnandal information
consists of making inquiries, prtmanlv of persons responsible for financial ;arid accounting matters,
and applying analytical and other review procedures, A revie.w i's substantlatlv less in scope than
an audit conducted in accordance wJth Standards on Auditing and consequentlv does not enable
us to obtain assurance that we would become- aware of a.II significant matters that might be
identified in an audit. Accordingly, .we do not express an audit opinion.

'4. Based on our review conducted as above, nothing has come to· our attention that causes us to
believe that the accompanying Statement, prepared in accordance with the recognition and
measurement printiples laid down in the aforesaid Indian Accounting Standards ('Ind AS')
specified under Sectlon 133 of the Companies Act, 2013 as amended, read with relevant rules
issued thereunder and other accounting principles generally accepted in India, has not disclosed
the- information required to be disdosed in terms of the Listing Requlations, read with SEBI
Circular No. OR/CFD/FAC/62/2()16 dated 5111July, 2016, including the manner in which it is to be·
disdosed, or that It contains any material misstatement.

For Rajendra & Co.


Chartered Accountants
Firm Registration No 108355W

Ll Pu g e
MARATHON NEXTGEN REALTY LIMITED
Regd.Office: Marathon Futurex, N.M. Joshi Marg, Lower Pare! (West), Mumbai 400 013.
CIN - L65990MH1978PLC020080

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2024
( '\'. in Lakhs - Except Earning Per Share)'
Quarter Ended Nine Months Ended Year Ended
31 December 2024 30 September 2024 31 December 2023 31 December 2024 31 December 2023 31 March 2024
Particulars
Un-Audited Un-Audited Un-Audited Un-Audited Un-Audited Audited
(Restated) (Restated) (Restated)
1 Revenue from operations 3,892.11 5,324.41 11,900.59 16,823.98 28,518.45 34,480.73
2 Other income 2,236.12 1,584.29 441.33 4,456.14 1,433.62 1,925.90
3 Total Income (1 +2) 6,128.23 6,908.70 12,341.92 21,280.12 29,952.07 36,406.63
4 Expenses:
(a) Property development expenses 2,428.74 2,568.40 5,085.33 7,964.26 12,446.11 15,976.27
(b) Changes in inventories (1,280.23) (409.45) 102.25 (855.72) (786.91) (2,167.27)
(c) Employee benefits expense 311.37 312.49 292.38 898.58 792.90 1,080.82
(d) Finance costs 673.49 748.35 2,326.20 2,673.04 6,163.66 7,020.91
(e) Depreciation and Amortization 54.85 60.44 68.23 180.87 203.70 261.51
(f)' Other expenses 574.50 446.00 639.26 1,375.50 1,545.93 2,097.29
Total expenses 2,762.72 3,726.23 8,513.66 12,236.53 20,365.39 24,269.53
5 Proflt/(loss) before exceptional items and tax (3-4) 3,365.51 3,182.47 3,828.26 9,043.59 9,586.68 12,137.10
6 Exceptional Items - - - - - -
7 Profil/(Loss) before tax (5-6) 3,365.51 3,182.47 3,828.26 9,043.59 9,586.68 12,137.10
8 Tax expense:
(a) Current tax (570.00) (590.00) (1,091.53) (1,611.00) (2,620.83) (3,400.00)
(b) Deferred tax 18.92 23.54 121.68 (154.28) 197.65 227.12
(c) Excess/Short provision of earlier year - - - - - -
Total tax expense (55L08) (566.46) (969.85) (1,765.28) (2,423.18) (3,172.88)
9 Profil/(Loss) for the period (7-8) 2,814.43 2,616.01 2,858.41 7,278.31 7,163.50 8,964.22
10 Share of Profit/ (loss) of Joint Ventures 669.72 1,024.33 - 2,199.90 1,087.61 4,593.13
11 Net Profil/(loss) for the period (9+10) 3,484.15 3,640.34 2,858.41 9,478.21 8,251.11 13,.557.35
12 Other Comprehensive Income(OCI)
(a) Items that will not be reclassified to profit or loss (7.51) (0.40) (3.47) (8.32) (10.41) (1.60)
(b) Income tax relating to items that will not be 1.89 0.10 0.87 2.09 2.62 0.40
reclassified to profit or loss
Total Other Comprehensive Income (5.62) (0.30) (2.60) (6.23) (7.79) (l.20)
13 Total Comprehensive Income for the period (11+12)) 3,478.53 3,640.04 2,855.81 9,471.98 8,2,43.32, 13,556.15
14 Paid-up equity share capital 2,560.41 2,560.41 2,558.56 2,560.41 2,558.56 2,558.56
15 Other equity (Excluding Revaluation Reserve) 93,126.89
16 Earnings 12er egui!;y share {!'.ace value of~ 5 (_- each)
Basic(in~) 6 ..80 7.11 5.83 18.51 17.41 28.05
Diluted (in "·) 6.80 7.10 5.82 18.50 16.11 26.47

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Notes
--
1 The Unaudited Standalone Financial Results for the quarter and nine months ended 31st December, 2024 have been reviewed by the Audit Committee and approved by the Board of
Directors at its meeting held on 13th January, 2025 and have been subjected to Limited Review by the Statutory Auditors of the Company. The Standalone Financial Results are
prepared in accordance with the Indian Accounting Standards (Ind AS) as· prescribed under Section 133 of the Companies Act, 2013.
2 The Company is primarily engaged in the business of real estate. Hence, disclosure of segment-wise information is not applicable as per Ind-As 108.
3 In terms of a shareholder agreement dated 10th September, 2015 entered between Marathon Realty Private Limited ("MRPL") and the Company, during the quarter and nine months
ended 31st December, 2024 the Company has recognized revenue aggregating to 'I:. 1,389.46 Lakhs and '1:.6,020.37 Lakhs respectively from the sale of the identified area in the
commercial project Future X out of which an amount of 'I:. 604.42 Lakhs and 'I:. 2,618.86 Lakhs respectively representing 43.50% has been shared with MRPL and shown as property
development expenses in the Financial Statement.
4 The Hon'ble National Company Law Tribunal vide its order dated 14th July, 2023 has sanctioned the scheme of merger between the Company and its wholly owned subsidiary,
Marathon Nextgen Township Private Limited (MNTPL), with effect from Olst April, 2020 as being the appointed date instead of 01st April, 2019 as was envisaged in the scheme.
Being aggrieved by the said order, the Company had filed an appeal before the Hon'ble National Company Law Appellate Tribunal (NCLAT) on 16th August, 2023 seeking to rectify
th_e order. The Hon'ble NCLAT vide order dated 29th May, 2024 has approved the appointed date of Olst April, 2019 and the order has been filed with MCA on 27th June, 2024 and
became effective. As a consequence thereof MNTPL (Transferor Company) stand dissolved without winding up.

The above business combination is evaluated under Ind AS 103 and has been accounted using the pooling of interest method as the said transaction is a common control transaction.

AcC()rdindl}', the comparative information for the quarter and nine month ended 31st December, 2023 and year ended 31st March, 2024 included in the statement has been restated to
give the effect of the merger from the aforesaid appointed date. The major heads of Result are as below:
(Rs. InLakhs)
Particulars Quarter Ended Nine Months Ended Year Ended
31 December 2023 31 December 2023 31 March 2024
Restated Reported Restated Reported Restated Reported
Total Income 12,341.92 12,341.92 29,95207 29,952.07 3:6;406.63 36,406.63
Profit Before Tax 3,828.26 3830.05 9,586.68 9,589.51 12,137.10 12,140.61
Net Profit fox the period 2,858.41 2860.2 8,251.11 8,253.94 13,557.35 13,560.86
Basic Earning· Per Share 5.83 5.83 17.41 17.41 28.05 28.05
Other Eqllity 87,816.14 90,436,67 87,816.14 90,436.67 93,126.89 95,748.15
5 During the quarter, In terms of board approval dated 11th November, 2024, The Company has invested on 14th November, 2024
(a) In 10,000 Equity Shares being 100% paid up equity share capital of Kanchi Rehab Private Limited at 10 paisa per share aggregating to ~ 0.01 Lakhs
(b) In 10,000 Equity Share being 100% paid up equity share Capital of Nexzone IT Infrastructure Private Limited at 10 paisa aggregating to~ 0.01 Lakhs and
(c) In 10,000 Equity Share being 100% paid up equity share Capital of Nexzone Water Management Private Limited at 10 paisa aggregating to ~ 0.01 Lakhs
In terms of these Investments, above-Companies became whallv owned subsidiaries of the Company:
6 ~es_for the previous period are redassified/re-amme:ed/re-grouped, wherever necessarv,
EOJ'MARAUION NEXTGBN RRALlY LIMlTED

<:::::::::~ ·-c .s·~


Place : Mumbai
Date : 13th January, 2025 CHAIRMAN
RAJENDRA s, CO.
/31J D I . . . .. _c HARTER ED AC C 0 UN TANT S
. a .amal Tower 211 Nariman Point Mumbai 400021 T{!!: 6630 67351 2283 4266 E ·1 . .
· -mm . contact@rcy_endraco.com
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited
Consolidated Financial Results of the Company pursuant to the Regulation 33 of the SEBI
(Li.sting Obligations and Disdosure Requirements) Regulations, 2015, as amended

REVIEW REPORT
To The Board of Directors
MARATHON NEXTGEN REALTY LIMITED

1. We have reviewed the actompa_nying Statement of unaudited Consolidated Financial Results. of


Marathon Nextgen Realty Limited (the'Parent") which includes its subsidiaries (the Parent
and its subsidiaries together referred to as "the Group"), and joint ventures for the quarter and
nine months ended December 31, 2024(the "Statement") attached herewith, being submitted by
the Company pursuant to the requirement of Reg.ulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2"015 ("the Regulations"), as amended.

2. This Statement, which is the responsibility of the Parent's Mc:inagement and approved by the
Patent's Board of Directors, has been prepared in accordance with the recocnltion and
measurement principles laid down in Indian Accounting Standard 34 (Ind' AS 34) "Iriterim
Financial Reporting" prescribed under Section 133 of the Companies Act,2013 as amended, read
wltlil relevant rules issued thereunder and other accounting principles generally accepted .in India.
Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 24101 "Re'liew of Interim Finantial 'Inforrnatton Performed by the
Independent Auditor of the Entity" issued by the .lnstltute of Chartered Accountants of India. This
standard requires that we plan and perform the r:eview to obtain moderate assurance as to
whether the Statement is free from material misstatement. A review df interim financial
inform.atl<;m consists of making inquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is
substantially less in scope than an audit conducted in accordance with Standards on Auditing and
consequently does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordinqlv, we do not express an audit
opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMDl/44/2019


dated March 29, 2019 issued by the Securities Exchange Board of India under Regulation 33(8)
of the Listing Regulations, to the extent applicable.

4. The statement includes the result of following entities:

Sr.
Name of entity Relationship
No.
1 Marathon Nextgen Realty Limited Holding Company
2 Terrapolis Assets Private Limited Wholly owned subsidiary
3 Nexzone Fiscal Services Private Limited Subsidiary
4 Sanvo Resorts Private Limited Subsidiary
Wholly owned subsidiary (Wef
5 Marathon Nexzone Land Private limited
Auoust 16, 2024)
Wholly owned subsidiary (Wef
6 Marathon Energy Private limited
Auqust 16, 2024)
Wholly owned subsidiary (Wef
7 Kanchi Rehab Private Limited
from November 14, 2024)
ljPage
R.A J E N DR A &.. CO .
131J . CH ARTER ED AC C 0 UN TANT S
Dalama! Tower 211 Nariman Point Mumbai 400021 Tel: 6630 673512283 4266 Ema"/
- z : contact @ra lendraco. com
Wholly owned subsidiary ·(wef
8 Nexzone IT infrastructure Private limited
from November 14, 2024)
Wholly owned subsidiary (Wef
9 Nexzone Water Management Private limited
from November 14, 2024')
10 Columbia Chrome (India) Private Limited Joint Venture

11 Swayam Realtors & Traders LLP Joint Venture

5. The Statement includes


(a) financial results of seven subsidiaries, whose financial information reflects total revenues of
Rs.11676.25 Lakhs and Rs. 9, 761.63 takhs, total net profit after tax of Rs. 71.06 Lakhs arid
Rs. '943.33Lakhs and total other comprehensive income of Nil and Nil for the quarter and nine
month ended December 31; 2024 respecnvelvand Group's share of net profit (including other
comprehensive income) of Rs. 669.72 Lakhs and Rs. 2,199.90 Lakhs for the quarter and nine
months ended December 311 2024 respectively, as considered in the Statement, in respect of
one joint venture, Whose financial statements have not been reviewed by us. These financial
statements have been reviewed by other auditors whose reports have been furnished to us by
the Managei:nentand our opinion on the Statement, in so far as it relates to the amounts and
disclosures included in respect of these entities, are based solely on the report of the other
auditors.

(b) Group's share of net profit (including other comprehensive income) of Rs. NII and Rs. Njl for
the quarter and nine months ended December 31, 2024 respectlvely, in respect of one joint
venture, whose unaudited financial-statements have been furnished to us by the Management
of the Company and our opinion on the Statement, in so far as it relates to the amounts arid
disclosures included in respect of these entities, are base_d solely on such un-audlted Financial
result.

6. Based on our review conducted as stated above, nothing has come to our attention that causes
us to believe that the accompanying Statement, prepared in accordance with the recognition and
measurement principles laid down in the aforesaid Indian Accounting $tandards (Tnd AS')
specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules
issued thereunder and other accounting principles generally accepted in India, has not disclosed
the information required to be disclosed in termsof the Listing Regulations, read with SEBI
Circular No. CIR/CFD/FAC/62/2016 dated 5th July, 2016, including the manner in Which it is to be
disclosed, or that it contains any material misstatement.

For Rajendra & Co.


Chartered Accountants
Firm Registration No 108355W

~~
Akshay Shah
Partner

21Page
MARATHON NEXTGEN REALTY LIMITED
Regd.Office : Marathon Futurex, N.M. Joshi Marg, Lower Parel (West), Mumbai 400 013.
CIN - L65990MH1978PLC020080

UN-AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER 2024
( 'I;. in Lakhs - Except Earning Per Share)

. Quarter Ended Nine Months Ended Year Ended


Particulars 31 December 2024 30 September 2024 31 December 2023 31 December 2024 31 December 2023 31 March 2024
Un-Audited Un-Audited Un-Audited Un-Audited Un-Audited Audited
1 Revenue from operations 12,335.08 14,598.96 21,041.28 43,155.26 54,919.59 70,461.50
2 O!h~ income 2,623.75 1,974.44 1,007.17 5,682.67 3,026.96 4,122.49
3 Total Income (1 +2) 14,958.83 16,573.40 22,048.45 48,837.93 57,946.55 74,583.99
4 Expenses:
(a) Property development expenses 9,255.36 6,946.93 9,844.02 25,961.23 25,724.82 37,988.77
(b) Changes in inventories (1,847.20) 2,192.25 2,248.72 455.17 6,994.74 3,939.37
(c) Employee benefits expense 441.14 468.64 428.66 1,318.22 1,168.86 1,574.26
(d) Finance costs 868.47 1,294.41 2,880.44 4,057.66 7,717.22 9,094.91
(e) Depreciation and Amortization 65.98 71.53 77.27 212.84 229.28 296.66
(f) Other expenses 844.80 748.50 890.10 2,243.88 2,462.46 '3,674.63
Total expenses 9,628.55 11,722.26 16,369.21 34,249.00 44,297.38 56,568.60
5 PrQfit{(loss) before exceptional items and tax (3-4) 5,330.28 4,851.14 5,679.24 14,588.93 13,649.17 18,015.39
-
6 Exceptional Items - - - - - -
7 Profitf(Loss) before tax (5-6) 5,330.28 4,851.14 5,679.24 14,588.93 13,649.17 18,015.39
8 1'ax expense:
(a) Current tax (1,089.00) (965.00) (1,657.53) (3,014.00) (3,646.83) (4,975.00)
(b) Deferred tax 27.61 35.44 117.18 (110.50) 229.20 336.87
(c) Excess/Short provision of earlier year (33.95) - (4.11} (33.95) (4.11) (4.85)
Total tax expense (l,095,34) (929.56) (1,544.46) (3,158.45) (3,421.74) (4,642.98)
9 Profitf(Loss) for the period (7-8) 4,234.94 3,921.58 4,134.78 11,430.48 10,227.43 13,372.41
10 Share of Profit/ (loss) of Joint Ventures 669.72 1,024.33 941.29 2,199.90 2,605.74 3,505.51
11 Net Profitf(Ioss) for the period (9+10) 4,904.66 4,945.91 5,076.07 13,630.38 12,833.17 16,.877;92
12 Other Comprehensive Income(OCI)
(a) Items that will not be reclassified to profit or loss (10.91) (0.56) (5.74) (12.03) (17.24) 0.79
(b) Income tax relating to items that will not be reclassified 2.75 0.14 1.44 3.03 4.34 (0.20)
to profit or loss
-
Total Other Comprehensive Income (8.16) (0.42) (4.30) (9.00) (12.90) 0.59
13 Total Comprehensive Income for the period (11+12)) 4,896.50 4,945.49 5,071.77 13,621.38 12,820.27 16,878.51
14 Profit for the year attributable to: -
(i) Owners of the Company 4,788.70 4,841.88 5,014.31 13,325.43 12,664.93 16,647.35
(ii) Non-controlling interest 115.96 104.03 61.76 304.95 168.24 230.57
i~ ~...: ~v.%-..o ~)
:0 4,904.66 4,945.91 5,076.07 13,630.38 12,833.17 16,877.92
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,/ Quarter Ended Nine Months Ended Year Ended
Particulars 31 December 2024 30 September 2024 31 December 2023 31 December 2024 31 December 2023 31 March 2024
Un-Audited Un-Audited Un-Audited Un-Audited Un-Audited Audited

v 15 Other Comprehensive Income for the year attributable to:


(i) Owners of the Company
(ii) Non-controlling interest
(7.93)
(023).
(8.16)
(0.41}
(0.01)
(0.42)
(4.15)
(0.15)
(4.30)
(8.75)
(0.251
(9.00}
(12.44)
(OA6l
(12.90)
0.63
(0.04)
0.59
16 Total Comprehensive Income for the year attributable to:
(i) Owners of the Company 4,780.77 4,841.47 5,010.16 13,316.68 12,652.49 16,647.98
(fi) Non-controlling interest 115.73 104.02 61.61 304.70 167.78 230.53
4,896.50 4,945.49 5,071.77 13,621.38 12,820.27 16,878.51
17 Paid-up equity share capital 2,560.41 2,560.41 2,558.56 2,560.41 2,558.56 2,558.56
18 Other equity 97,949.59
19 Eaminas oer ecuitv share (Face value.of "°· 5/- eachl
Basic 9.58 9.46 10.22 26.62 26.71 34.43
Diluted 9.57 9.45 10.21 26.60 24.73 32.50

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r The Unaudited Consolidated Financial Results for the quarter and nine months ended 31st December, 2024 have been reviewed by the Audit Committee and approved by the Board of- Directors at its
meeting held on 13th January, 2025 and have been subjected to Limited Review by the Statutory Auditors of the Company. The Consolidated Financial Results are prepared in accordance with the
Indian Acceunting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
2 The Company is primerily engaged in the business of real estate. Hence, disclosure of segment-wise information is not applicable as per Ind-As 108.
3 In terms of a shareholder agreement dated 10th September 2015 entered between Marathon Realty Private Limited ("MRPL") and the Company, during the quarter and nine months ended 31st
December, 2024 the Company has recognized revenue aggregating to ~- 1,389.46 Lakhs and ~.6,020.37 Lakhs respectively from the sale of the identified area in the commercial project Future X out
of which an amount of~- 604.42 Lakhs and r. 2,618.86 Lakhs respectively representing 43.50% has been shared with MRPL and shown as property development expenses in the Financial Statement.

4 The Hon'ble National Company Law Tribunal vide its order dated 14th July, 2023 has sanctioned the scheme of merger between the Company and its wholly owned subsidiary, Marathon Nextgeu
Township Private Limited (MNTPL), with effect from 01st April, 2020 as being the appointed date instead of Olst April, 2019 as was envisaged in the scheme. Being aggrieved by the said order, the
Company had filed an appeal before the Hon'ble National Company Law Appellate Tribunal (NCLAT) on 16th August, 2023 seeking to rectify the order. The Hon'ble NCLAT vide order dated 29th
May, 2024 has approved the appointed date of Olst April 2019 as being the appointed date and the order has been filed with MCA on 27th June, 2024 and became effective. As a result, the Other
equity for the year ended 31st March, 2024 has been restated to t. 97,949.59/- as earlier reported as~- 97,007.26/-.
5 During the quarter, In terms of board approval dated 11th November, 2024, The Company has invested on 14th November, 2024
(a) In 10,000 Equity Shares being 100% paid up equity share capital of Kanchi Rehab Private Limited at 10 paisa per share aggregating to ~ 0.01 Lakhs
(b) In 10,000 Equity Share being 100% paid up equity share Capital of Nexzone IT Infrastructure Private Limited at 10 paisa aggregating to ~ 0.01 Lakhs and
'(c) In 10,000 Equity Share being 100% paid up equity share Capital of Nexzone Water Management Private Limited at 10 paisa aggregating to ~ 0.01 Lakhs
In terms of these investments, above Companies became the wholly owned subsidiaries of the Company.
6 Figures for the _previous period are reclassified/re-arranged/ re-grouped, wherever necessary.

For MARATHON NEXTGEN REALTY LIMITED

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Place : Mumbai
Date : 13th January, 2025 CHAIRMAN AND MANAGING DIRECTOR

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