Marathon Nextgen Realty Ltd
NSE: MARATHON BSE: 503101
₹388.10
(0.27%)
Sat, 10 Oct 2026, 04:45 pm
Market Cap (in Cr)2623.93
PE Ratio13.54
Dividend0.26
Finance
Real Estate Development
24.5KCompany History
1978
- The company was incorporated on 13th January.
- The Certificate of Commencement of Business was obtained on 9th February.
- The company was promoted as an investment company under the name Mahadevi Investment Co., Ltd.
- 20,000 shares were subscribed for by promoters and 30,000 shares were offered at par for public subscription during August.
1979
- The amalgamation was sanctioned by the Mumbai High Court.
- The name of the company was changed to Piramal Spg. & Wvg. Mills Ltd.
- Authorised capital was reclassified.
1985
- The company revalued the fixed assets of its mills at Mumbai and at Ambarnath as on 30th June.
1986
- The company launched its third phase of modernisation programme at a capital outlay of Rs. 4 crores.
1989
- The company finalised its fourth phase of modernisation programme involving a capital outlay of Rs. 298 lakhs.
- Improvements were attributed to availability of adequate raw materials at reasonable prices.
1990
- Most of the machinery required for the 4th phase of modernisation programme was installed.
1991
- Niranjan Mills Ltd. was amalgamated with the Company.
- 1,50,000 No. of equity shares were issued pursuant to a scheme of amalgamation.
1992
- The company offered 9,04,837-17% secured redeemable partly convertible debentures of Rs. 100 each.
- A portion of Rs. 50 of each debenture was converted into one equity share of Rs. 10 at a premium of Rs. 40 per share.
1993
- The company considered disposal of the Lower Parel unit by shifting the machinery therein to the Ambernath unit.
- 8,62,650 No. of equity shares of Rs. 10 each were allotted at a premium of Rs. 40 per share on part conversion of part A of 17% PCD.
1995
- The company registered a marginal increase in sales volume.
- The company submitted an application to the IFCI for a loan of Rs. 17 crores for modernisation of its spinning and weaving departments.
1996
- The company faced problems due to sluggish market conditions and severe competition from the unorganised sector.
2000
- The Company was declared as a Sick Company under Section 3 Clause (1)(o) of SICA.
2001
- Crisil revised its rating in respect of the company's non-convertible part of PCDs from 'D' to 'not meaningful'.
2006
- The equity shares of the Company were delisted from the Ahmedabad Stock Exchange Ltd (ASE).
- Marathon Nextgen Realty gave a Bonus in the Ratio of 4:1.
2007
- Marathon Nextgen Reality & Textiles Ltd appointed Mr. V Ranganathan, I.A.S. (Retd.), as an Additional Director of the Company.
- The Company name was changed from Marathon Nextgen Realty & Textiles Ltd to Marathon Nextgen Realty Ltd.
- The Company issued Bonus Shares in the Ratio of 2:1.
2008
- Marathon Nextgen Realty Ltd appointed Dr. Samir K Barua as an Additional Director of the Company.
2009
- Marathon Nextgen Realty Ltd appointed Mr. Padmanabha Shetty as Additional Director of the Company.
2010
- Marathon Nextgen Realty Ltd declared an Interim Dividend @15%.
- Marathon Nextgen Realty gave a Bonus in the Ratio of 1:2.
- The Registered Office of the Company was shifted to Futurex, N.M. Joshi Marg, Nr. Lower Parel Railway Station (W.Rly), Lower Parel, Mumbai-400 013.
2011
- Marathon Nextgen Realty Ltd declared an Interim Dividend @35%.
2012
- Marathon Nextgen Realty Ltd recommended a Dividend of 6% on the Preference Share Capital and a dividend of 40% on the Equity Share Capital.
2013
- The Board recommended a Dividend of Rs. 4.50 (45%) on equity share of Rs. 10/- each.
2014
- The board recommended a Dividend of Rs. 5 (50%) on equity share of Rs. 10/- each.
2015
- Marathon Nextgen informed about an investment in Parmeka Pvt Ltd.
- The Company allotted Bonus Shares to its shareholders in the Ratio of 1:2.
2016
- Marathon Nextgen Realty Ltd submitted a certified High Court Order along with a Scheme of Amalgamation of Parmeka Pvt. Ltd. with Marathon Nextgen Realty Ltd.
- Marathon Nextgen Realty launched the project 'Monte South' Byculla, a JV Initiative.
- Marathon Group entered into the Education Space.
2021
- Marathon Bags the Developer of the Year Award at Estrade Real Estate Awards 2021.
- Marathon Group launched new inventory in the Lower Parel flagship project.
2022
- Marathon Group launched the final tower at Marathon Nexzone, its flagship township at Panvel.
- Marathon Group launched phase 2 of the Kalyan-Shil township project.
2023
- Marathon Group launched a new affordable housing project in Bhandup.
2024
- The Company acquired Nexzone IT Infrastructure Private Limited, Nexzone Water Management Private Limited and Kanchi Rehab Private Limited.
