Marathon Nextgen Realty Ltd - Audit Report / Information 2020

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MARATHON NEXTGEN REALTY LIMITED

Regd. Off.: Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai 400 013 Tel.: +91-22-6724 8484 Fax: +91-22-6772 8408 CIN: L65990MH1978PLC020080 E-mail: [email protected] Website: www.marathonnextgen.com ***********

June 29, 2020

The BSE Limited The NSE Limited Dept. of Corporate Services Listing Department P. J. Towers, Dalal Street BKC, Bandra (E) Mumbai 400 001 Mumbai 400 051 Scrip Code: 503101 Symbol: MARATHON

Sub: Audited Financial Results for the fourth quarter and year ended on March 31, 2020

Dear Sirs,

In compliance with the provisions of Regulation 33 of SEBI (LODR) Regulations, 2015, please find enclosed the Audited Financial Results for the fourth quarter and year ended March 31, 2020 along with Statutory Auditors Report for the FY. 2019-2020, as approved by the Board of Directors at its meeting held on June 29, 2020.

Kindly take the same on your record.

Commencement Time: 3.15 p.m. Concluded Time: 6.45 p.m. Yours faithfully,

For Marathon Nextgen Realty Limited

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K. S. Raghavan Company Secretary & Compliance Officer

Encl:. as above

R A J E N D R A & C O. CHARTERED ACCOUNTANTS

1311 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel: 22 85 5770 Fax: 22 83 4243 E-mail:[email protected]

Independent Auditors’ Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Marathon Nextgen Realty Limited

Report on the audit of the standalone Financial Results

Opinion

We have audited the accompanying Statement of quarterly and year to date standalone financial results of Marathon Nextgen Realty Limited (the “Company”), for the quarter and year ended March 31, 2020 (the “Statement”), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the statement:

a. is presented in accordance with the requirements of the Listing Regulations in this regard; and
b. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net profit, other comprehensive income and other financial information of the Company for the quarter and year ended March 31, 2020

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SA”s) specified under Section 143(10) of the Companies Act, 2013 as amended (“the Act”) Our responsibilities under those Standards are further described in the “Auditors’ Responsibilities for the Audit of the Standalone Financial Results” section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management’s Responsibilities for the Standalone Financial Results

The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, Implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

R A J E N D R A & C O. CHARTERED ACCOUNTANTS

1311 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel: 22 85 5770 Fax: 22 83 4243 E-mail:[email protected]

In preparing the Statement, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all

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R A J E N D R A & C O. CHARTERED ACCOUNTANTS

1311 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel: 22 85 5770 Fax: 22 83 4243 E-mail:[email protected]

relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The Statements includes the results for the quarter ended March 31, 2020 being the balancing figure between the audited figures in respect of full financial year ended March 31, 2020 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For Rajendra & Co. Chartered Accountants Firm Registration No 108355W

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Akshay R. Shah Partner Membership No.103316 Mumbai UDIN: 20103316AAAACE9746

Date: June 29, 2020

R A J E N D R A & C O. CHARTERED ACCOUNTANTS

1311 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel: 22 85 5770 Fax: 22 83 4243 E-mail:[email protected]

Independent Auditors’ Report on the Quarterly and Year to Date Audited Consolidated Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Marathon Nextgen Realty Limited

Report on the audit of the Consolidated Annual Financial Results

Opinion

We have audited the accompanying Statement of quarterly and year to date Consolidated financial results of Marathon Nextgen Realty Limited (“Holding Company”), and its subsidiary (the Holding Company and its subsidiary together referred to as “the Group”) and its joint ventures for the quarter and year ended March 31, 2020 (“Statement”), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us and based on consideration of reports of the other auditors on separate financial statements of the subsidiaries and joint ventures, the statement:

a) includes the results of the following entities:

Sr No.	Name of entity	Relationship
1	Marathon Nextgen Realty Limited	Holding Company
2	Marathon Nextgen TownshipsPrivateLimited	Wholly owned subsidiary
3	Terrapolis Assets Private Limited	Wholly owned subsidiary
4	SanvoResortsPrivateLimited	Subsidiary
5	Columbia Crome (India) Private Limited	Joint Venture
6	Swayam Realtors & Traders LLP	Joint Venture

b) is presented in accordance with the requirements of the Listing Regulations in this regard; and
c) gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the Consolidated net Loss, other comprehensive income and other financial information of the Group for the quarter ended and Consolidated net profit, other comprehensive income and other financial information of the Group for the year ended March 31, 2020.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SA”s) specified under Section 143(10) of the Companies Act, 2013 as amended (“the Act”) Our responsibilities under those Standards are further described in the “Auditors’ Responsibilities for the Audit of the Consolidated Financial Results” section of our report. We are independent of the Group in accordance with the ‘Code of Ethics’ issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

R A J E N D R A & C O. CHARTERED ACCOUNTANTS

1311 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel: 22 85 5770 Fax: 22 83 4243 E-mail:[email protected]

Management’s Responsibilities for the Consolidated Financial Results

The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company’s Board of Directors are responsible for the preparation and presentation of the Statement that gives true and fair view of the net profit, other comprehensive income and other financial information of the Group including its joint ventures in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Listing Regulations. The respective Board of Directors of the Companies and similar approving authority of joint ventures included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, Implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies and similar approving authority of joint ventures included in the Group are responsible for assessing the ability of Group and of its joint ventures to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the Companies and similar approving authority of joint ventures included in the Group are also responsible for overseeing the financial reporting process of the Group and its joint ventures.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Results

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

R A J E N D R A & C O. CHARTERED ACCOUNTANTS

1311 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel: 22 85 5770 Fax: 22 83 4243 E-mail:[email protected]

Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern and its joint ventures.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results/ financial information of the entities within the Group and its joint ventures to express an opinion on the statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities which are included in the Statement of which we are the independent auditors. For other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entity included in the consolidated annual financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

Other Matters

The accompanying Statement includes the audited financial statements and other financial information in respect of:

(a) 2 subsidiary, whose financial statements reflects total assets of Rs. 20528.82 Lakhs as at March 31, 2020, and total revenues of Rs Nil and Rs Nil, total Net Loss after tax of Rs 221.63 Lakhs and Rs 890.05 Lakhs for quarter and year ended on that date respectively and net cash outflow of Rs 20.96 Lakhs for the year ended March 31, 2020 as considered in the Statement which have been audited by their respective independent auditors
(b) 2 Joint Ventures whose financial statements reflect Group’s share of net profit (including other comprehensive income) of Rs. 88.98 Lakhs and Rs 436.90 Lakhs for the quarter and year ended March 31, 2020 respectively, as considered in the Statement which have been audited by their respective independent auditors.

The independent auditors report on the financial statement of the entities referred above have been furnished to us by the Management and our opinion on the Consolidated Financial Statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint venture, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph above. Our Opinion is not modified in respect of above matters.

R A J E N D R A & C O. CHARTERED ACCOUNTANTS

1311 Dalamal Tower 211 Nariman Point Mumbai 400021 Tel: 22 85 5770 Fax: 22 83 4243 E-mail:[email protected]

(c) The Statements includes the results for the quarter ended March 31, 2020 being the balancing figure between the audited figures in respect of full financial year ended March 31, 2020 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For Rajendra & Co. Chartered Accountants Firm Registration No 108355W

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Akshay R. Shah Partner Membership No.103316 Mumbai UDIN: 20103316AAAACF1913 Date: June 29, 2020

MARATHON NEXTGEN REALTY LIMITED

Regd.Office : Marathon Futurex, N.M. Joshi Marg, Lower Parel (West), Mumbai 400 013.

CIN - L65990MH1978PLC020080

AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020

|||(**. in Lakhs - Except Equity share data)**|**(**. in Lakhs - Except Equity share data)|(**. in Lakhs - Except Equity share data)**|**(**. in Lakhs - Except Equity share data)|(``**. in Lakhs - Except Equity share data)**| |---|---|---|---|---|---|---| ||**Particulars**|**Standalone** **Quarter Ended**|||**Standalone** **Year Ended**|| |||**March 31,2020**|**Dec 31,2019**|**March 31,2019**|**March 31,2020**|**March 31,2019**| |||**Audited**|**Un-Audited**|**Audited**|**Audited**|**Audited**| |1 2 **3** 4 **5** **6** **7** **8** **9** **10** **11** **12** **13** **14** **15** **16**|Revenue from operations Other income **Total Income (1+2)** **Expenses:** (a) Property development expenses (b) Changes in inventories of finished goods, work-in-progress and stock-in-trade (c) Employee benefits expense (d) Finance costs (e) Depreciation and amortization expenses (f) Other expenses Total expenses **Profit/(loss) before exceptional items and tax (3-4)** Exceptional Items **Profit/(Loss) before tax (5-6)** Tax expense: (a) Current tax (b) Deferred tax (c) Excess/Short provision of earlier year **Total tax expense** **Profit/(Loss) for the period (7-8)** Share of Profit/(loss) of Joint Ventures **Net Profit/(loss) for the period (9+10)** **Other Comprehensive Income(OCI)** (a) Items that will not be reclassified to profit or loss (b) Income tax relating to items that will not be reclassified to profit or loss **Total Other Comprehensive Income** **Total Comprehensive Income for the period (11+12))** Paid-up equity share capital Earnings per equity share (Face value of. 5/- each)
Basic and Diluted
Other Equity (Excluding Revaluation Reserve)|1,597.13
289.21|3,414.95
238.62|1,853.42
26.75|8,127.00
1,121.72|8,081.86
56.25|
|||1,886.34|3,653.57|1,880.17|9,248.72|8,138.11|
|||809.72
(809.72)
72.03
637.42
127.64
324.62|423.01
733.55
163.89
744.42
119.14
322.05|649.41
(918.25)
38.89
739.51
39.52
586.87|2,155.61
(999.05)
627.76
2,866.34
455.74
1,016.22|2,243.01
(1,304.92)
608.30
2,115.14
179.72
1,321.55|
|||1,161.72|2,506.06|1,135.95|6,122.62|5,162.80|
|||724.62
-|1,147.51
-|744.22
-|3,126.10
-|2,975.31
-|
|||724.62|1,147.51|744.22|3,126.10|2,975.31|
|||125.00
135.42
-|192.00
(222.98)
-|160.79
20.48
-|537.00
(96.31)
(0.35)|639.23
15.46
(70.86)|
|||260.42|(30.98)|181.27|440.34|583.82|
|||464.20|1,178.49|562.95|2,685.76|2,391.49|
|||-|-|-|754.73|1,032.75|
|||464.20|1,178.49|562.95|3,440.49|3,424.24|
|||(9.85)
2.87|(2.21)
0.64|1.97
(0.58)|(16.49)
4.80|(8.86)
2.58|
|||(6.98)|(1.57)|1.39|(11.69)|(6.28)|
|||457.22
2,300.00
1.01|1,176.92
2,300.00
2.56|564.34
2,300.00
1.22|3,428.80
2,300.00
7.48
60,809.66|3,417.96
2,300.00
7.44
57,687.64|

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Note

1 The Statutory Auditors have audited the above results pursuant to Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 and the same are reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on June 29, 2020.
2 The audited financial results are prepared in accordance with the principles of Indian Accounting Standard (Ind AS) as notified under the Companies (Indian Accounting Standard) Rules 2015 specified in Section 133 of the Companies Act, 2013.
3 The figures of the current quarter (i.e. three months ended March 31, 2020) and corresponding previous quarter (i.e. three months ended March 31, 2019) are the balancing figures between the audited figures in respect of the full financial year and published the year to date figures up to the third quarter of the respective financial years which have been subject to limited review.
4 Provision for taxes for the year ended 31st March, 2020 is after availing Minimum Alternate Tax Credit of `. 505.10 Lakhs. (Rs. 44.74 Lakhs for the year ended 31st March, 2019).
5 Based on the “management approach” as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators of business segment/s in which the company operates. The Company is primarily engaged in the business of real estate development which the Management and CODM recognize as the sole business segment. Hence, disclosure of segment-wise information is not required and accordingly not provided.
6 A Petition for merger of Wholly Owned Subsidiary of the Ccompany Marathon Nextgen Township Private Limited with itself was filed with NCLT on December 13, 2019. As directed by Hon'ble NCLT in its order dated 6th February 2020, the Company has sought approval from Shareholder through Postal Ballot. However, Due to the Covid-19 pandemic which led to a national Lockdown, the physical Meeting which was scheduled to be held on March 23, 2020 could not be held. The Company is in the process of filing a petition with Hon'ble NCLT to waive the holding of the physical Meeting and proceed on the basis of the results of the Postal Ballot where the shareholders have overwhelmingly voted in favor of the merger.
7 The Company has as at March 31, 2020, A) acquired 5,17,500 Equity shares of Rs. 100 each being 100 % of paid up equity capital of Terrapolis Asset Private Limited (TAPL) at a price of .539.13/- per share aggregating to. 2789.98 Lakhs from Marathon Realty Private Limited (Holding Company). TAPL is currently developing commercial project in Mulund known as “Millennium”. B) acquired 240 shares Equity of Rs. 100 each being 24% of the paid up equity capital of Sanvo Resorts Private Limited (SRPL), its step down subsidiary at . 19,35,500/- per share aggregating to. 4645.20 Lakhs from Marathon Realty Private Limited (Holding Company). Marathon Nextgen Township Private Limited a Wholly Owned subsidiary of the Company owns 67% of the paid up equity share capital of SRPL.
The Shareholders approval for the both transaction were obtained through postal Ballot / E-voting. The period of voting was from February 27, 2020 to March 27, 2020. Due to lockdown the results of the postal ballot was ascertained by the scrutinizer only on June 08, 2020 with the effective date being March 31, 2020.
8 Effective 1st April, 2019, the Company has adopted IND AS 116 "Leases" and applied to all to lease contracts existing on 1st April, 2019 using the modified retrospective method. Accordingly, previous period Information has not been restated. Company has recognized right-to-use as an asset and created equivalent Lease liability amounting to `.601.93 Lakhs. On adoption of this INDAS , the transition adjustment to retained earnings and the effect on the profit for quarter and year ended March 31,2020 is insignificant.
9 Due to outbreak of COVID - 19 the Company is in the process of assessing its likely adverse impact. The Company is in the business of Real Estate development on its own and through joint ventures. The company is in the process of evaluating the impact thereof and is of the opinion that the same can be better evaluated after reasonable level unlock down happens and is hence of the opinion that it is premature for it to make any provision for unforeseen losses on its receivables, investments, current and non-current assets
10 Figures for the previous period are reclassified/re-arranged/re-grouped, wherever necessary.

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For MARATHON NEXTGEN REALTY LTD

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CHETAN R SHAH CHAIRMAN AND MANAGING DIRECTOR Place : Mumbai Date : 29th June,2020

Marathon Nextgen Realty Limited

Audited Standalone Statement of Assets and Liabilities for the Year ended March 31,2020

Particulars	Year ended 31st March 2020	Year ended 31st March 2019
ASSETS 1 Non-current assets (a) Property, Plant and Equipment (b) Rights-of-use assets (c) Investment Property (d) Financial Assets (i) Investment in Joint Ventures (ii) Investments (iii) Loans (iv) Other Non-current Financial Assets (e) Deferred Tax Assets (Net) (f) Current Tax Assets (Net) (g) Other Non-current Assets Total Non - Current Assets 2 Current assets (a) Inventories (b) Financial Assets (i) Trade Receivables (ii) Cash and Cash Equivalents (iii) Balance other than cash and cash equivalents (iv) Loans (v) Other Financial Assets (c) Other Current Assets Total Current Assets Total Assets (1+2) EQUITY AND LIABILITIES 1 EQUITY (a) Equity Share Capital (b) Other Equity Total Equity LIABILITIES 2 Non-current liabilities (a) Financial Liabilities (i) Borrowings (ii) Other Non-current Financial Liabilities (b) Provisions (c) Other Non-current Liabilities Total Non - Current Liabilities 3 Current liabilities (a) Financial Liabilities (i) Borrowings (ii) Trade Payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of other than micro and small enterprises (iii) Lease Liabilities (iv) Other Financial Liabilities (b) Provisions (c) Other Current Liabilities Total Current Liabilities Total Equity and Liabilities (1+2+3)	102.21 237.40 15,715.69 1,835.09 20,458.96 36,975.32 229.39 174.25 587.83 -	125.87 - 11,226.67 1,080.36 12,993.70 42,246.30 206.42 61.04 1,545.00 -
	76,316.14	69,485.36
	24,763.95 278.28 47.53 21.71 4,663.22 2,592.05 609.60	28,482.51 94.79 124.69 37.20 4,214.78 61.49 762.37
	32,976.34	33,777.83
	109,292.48	103,263.19
	2,300.00 60,809.66	2,300.00 57,687.64
	63,109.66	59,987.64
	29,874.76 657.96 135.14 143.36	29,216.39 349.98 119.25 93.67
	30,811.22	29,779.29
	- 5.32 10,499.83 257.96 3,974.72 24.47 609.30	84.21 6.18 10,015.79 - 2,866.60 13.88 509.60
	15,371.60	13,496.26
	109,292.48	103,263.19

Marathon Nextgen Realty Limited

|Standalone Cash Flow Statement for theyear ended 31 March 2020|(**in Lakhs)**|**(**in Lakhs)|
|---|---|---|
|Particulars|Year ended
31 March 2020|
Year ended
31 March 2019|
|A CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before tax:
Adjustment for:
Depreciation/Amortisation
Finance Cost
Interest & Dividend Income
Profit on sale of Properties, Plants and Equipments
Provision for doubtful debt and other provision
Fair value of investment through Profit and Loss Account
Share of profit from partnership Firm
Operating profit before Working Capital changes
Adjustments for changes in Working capital
(Increase)/Decrease in Inventories
(Increase)/Decrease in Trade Receivables
(Increase)/Decrease in Other Financial Assets - Non current and current
Increase/(Decrease) in Other Non current and current Assets
Increase/(Decrease) in Trade Payables and other Payable
(Increase)/Decrease in Other Financial Liabilities - Non current and current
Increase/(Decrease) in Other Non current and current Liabilities
Increase/(Decrease) in Provisions - Non current and current
Cash generated from/ (used in) operations
Income taxes (paid)
Net Cash from / (used in) operating activities
B CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from sale of property, plant & equipment
Acquisition of Non-current investments
Acquisition of Investment Property
Other Bank Balances
Interest & Dividend received on Investments
Loan and advances given (Net)
Net Cash from/(used in) investing activities
C CASH FLOW FROM FINANCING ACTIVITIES
Proceed /(Repayment) of Long term and short term borrowings (Net)
Dividend (Including Tax on Dividend) paid
Finance cost paid
Payment of lease Liabilities
Net Cash from/(used in) financing activities
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)
Cash and Cash Equivalents (Opening balance)
Cash and Cash Equivalents(Closingbalance)|3,880.83
455.74
2,866.34
(967.80)
-
19.20
(30.08)
(754.73)|4,008.05
179.72
2,115.14
(23.12)
(0.03)
30.93
(22.52)
(1,032.75)|
||5,469.50|5,255.44|
||(989.86)
(184.53)
(2,553.53)
152.77
483.17
1,324.86
149.38
(8.16)|(1,304.92)
(90.87)
(178.70)
(537.49)
(1,015.55)
(7,097.54)
7,594.95
(4.62)|
||3,843.60|2,620.70|
||420.52|(568.34)|
||4,264.12|2,052.37|
||(2.82)
(7,435.18)
-
15.49
967.80
4,822.53|5.20
(12,685.64)
-
(22.06)
23.12
2,742.47|
||(1,632.18)|(9,936.91)|
||574.16
(277.28)
(2,866.34)
(230.88)|10,184.60
(1,109.15)
(2,115.14)
0.00|
||(2,800.34)|6,960.31|
||(168.40)|(924.24)|
||124.69
(43.71)|1,048.92
124.69|
|NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS|(168.40)|(924.24)|

==> picture [93 x 57] intentionally omitted <==

Reconciliation of cash and cash equivalents with the balance sheet	Reconciliation of cash and cash equivalents with the balance sheet	Reconciliation of cash and cash equivalents with the balance sheet
Particular	Year ended 31 March 2020	Year ended 31 March 2019
Cash and cash equivalents Balances with banks - In current accounts - Margin money with Bank and NBFC - original maturity of 3 months or less	3.65 43.88 -	1.65 70.79 52.25
Sub Total	47.53	124.69
Less:- Book Draft	(91.24)	-
Total	(43.71)	124.69

==> picture [74 x 55] intentionally omitted <==

MARATHON NEXTGEN REALTY LIMITED

Regd.Office : Marathon Futurex, N.M. Joshi Marg, Lower Parel (West), Mumbai 400 013.

CIN - L65990MH1978PLC020080

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020

|||(**. in Lakhs - Except EPS)**|**(**. in Lakhs - Except EPS)|(**. in Lakhs - Except EPS)**|**(**. in Lakhs - Except EPS)|(**. in Lakhs - Except EPS)**| |---|---|---|---|---|---|---| ||**Particulars**|**Quarter Ended**|||**Year Ended**|| |||**March 31,2020**|**Dec 31,2019**|**March 31,2019**|**March 31,2020**|**March 31,2019**| |||**Audited**|**Un-Audited**|**Audited**|**Audited**|**Audited**| |1 2 **3** 4 **5** 6 **7** 8 **9** 10 **11** 10 **11** **12** **13** **14** 15 16 17|Revenue from operations Other income **Total Income (1+2)** **Expenses:** (a) Property development expenses (b) Changes in inventories (c) Employee benefits expense (d) Finance costs (e) Depreciation (f) Other expenses **Total expenses** **Profit/(loss) before exceptional items and tax (3-4)** Exceptional Items **Profit/(Loss) before tax (5-6)** **Tax expense:** (a) Current tax (b) Deferred tax (c) Excess/Short provision of earlier year **Total tax expense** **Profit/(Loss) for the period (7-8)** Share of Profit/(loss) of Joint Ventures **Net Profit/(loss) for the period (9+10)** Other Comprehensive Income(OCI) (a) Items that will not be reclassified to profit or loss (b) Income tax relating to items that will not be reclassified to profit or loss Total Other Comprehensive Income **Total Comprehensive Income for the period (9+10)** **Profit for the year attributable to:** (i) Owners of the Company (ii) Non-controlling interest **Other Comprehensive Income for the year attributable to:** (i) Owners of the Company (ii) Non-controlling interest **Total Comprehensive Income for the year attributable to:** (i) Owners of the Company (ii) Non-controlling interest Paid-up equity share capital **Earnings per equity share (Face value of** 
. 5/- each)
Basic and Diluted
Other Equity (Excluding Revaluation Reserve)|4,194.64
(1,244.66)|5,942.30
620.17|1,991.94
41.59|24,113.22
830.12|8,224.27
67.20|
|||2,949.98|6,562.47|2,033.53|24,943.34|8,291.47|
|||5,151.23
(3,107.93)
135.20
932.48
153.25
1,093.56|2,146.13
874.85
302.07
1,378.50
147.84
273.07|748.18
(883.90)
46.75
740.31
40.43
594.79|12,888.27
1,535.31
1,118.66
4,102.00
567.70
2,137.89|2,341.79
(1,270.57)
616.17
2,115.94
180.62
1,329.47|
|||4,357.79|5,122.46|1,286.56|22,349.83|5,313.42|
|||(1,407.81)
-|1,440.01
-|746.97
-|2,593.51
-|2,978.05
-|
|||(1,407.81)|1,440.01|746.97|2,593.51|2,978.05|
|||(356.00)
141.12
-|323.41
(224.56)
-|163.85
20.48
-|637.00
(100.64)
(0.35)|642.30
15.46
(70.86)|
|||(214.88)|98.85|184.33|536.01|586.90|
|||(1,192.93)|1,341.16|562.64|2,057.50|2,391.15|
|||88.98|78.52|43.74|436.90|758.93|
|||(1,103.95)|1,419.68|606.38|2,494.40|3,150.08|
|||(11.78)
3.36|(3.40)
0.94|1.92
(0.60)|(21.97)
6.18|(8.91)
2.56|
|||(8.42)|(2.46)|1.32|(15.79)|(6.35)|
|||(1,112.38)|1,417.22|607.70|2,478.61|3,143.73|
|||(630.23)
(473.71)|1,292.20
127.47|604.08
2.30|2,408.01
86.39|3,147.78
2.30|
|||(1,103.95)|1,419.67|606.38|2,494.40|3,150.08|
|||(7.95)
(0.48)|(2.16)
(0.29)|1.34
(0.02)|(14.44)
(1.35)|(6.33)
(0.02)|
|||(8.43)|(2.45)|1.32|(15.79)|(6.35)|
|||(638.19)
(474.19)|1,290.04
127.18|605.42
2.28|2,393.57
85.04|3,141.45
2.28|
|||(1,112.38)|1,417.22|607.70|2,478.61|3,143.73|
|||2,300.00|2,300.00|2,300.00|2,300.00|2,300.00|
|||(1.37)|2.81|1.31|5.23
57,025.17|6.84
58,442.58|

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Note

1	The Statutory Auditors have audited the above results pursuant to Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 and the same are reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on June 29, 2020.
2	The audited financial results are prepared in accordance with the principles of Indian Accounting Standard (Ind AS) as notified under the Companies (Indian AccountingStandard) Rules 2015 specified in Section 133 of the Companies Act, 2013.
3	The figures of the current quarter (i.e. three months ended March 31, 2020) and corresponding previous quarter (i.e. three months ended March 31, 2019) are the balancing figures between the audited figures in respect of the full financial year and published the year to date figures up to the third quarter of the respective financialyears which have been subject to limited review.
4	Based on the “management approach” as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Group’s performance and allocates resources based on an analysis of various performance indicators of business segment/s in which the company operates. The Group is primarily engaged in the business of real estate development which the Management and CODM recognise as the sole business segment. Hence, disclosure of segment-wise information is not required and accordingly not provided.
5	Provision for taxes for the year ended 31st March, 2020 is after availing Minimum Alternate Tax Credit of`. 505.10 Lakhs. (`. 44.74 Lakhs for the year ended 31st March, 2019).
6	However, Due to the Covid-19 pandemic which led to a national Lockdown, the physical Meeting which was scheduled to be held on March 23, 2020 could not be held. The Company is in the process of filing a petition with Hon'ble NCLT to waive the holding of the physical Meeting and proceed on the basis of the results of the Postal Ballot where the shareholders have overwhelminglyvoted in favor of the merger.. A Petition for merger of Wholly Owned Subsidiary of the Company Marathon Nextgen Township Private Limited with itself was filed with NCLT on December 13, 2019. As directed by Hon'ble NCLT in its order dated 6th February 2020, the Company has sought approval from Shareholder through Postal Ballot.
7	The Company has as at March 31, 2020, A) acquired 5,17,500 Equity shares of `. 100 each being 100 % of paid up equity capital of Terrapolis Asset Private Limited (TAPL) at a price of<br>`..539.13/- per share aggregating to `. 2789.98 Lakhs from Marathon Realty Private Limited (Holding Company). TAPL is currently developing<br>commercial project in Mulund known as “Millennium”.<br>B) acquired 240 shares of`. 100 each being 24% of the paid up equity capital of Sanvo Resorts Private Limited (SRPL), its step down subsidiary at `.19,35,500/- per share aggregating to`. 4645.20 Lakhs from Marathon Realty Private Limited (Holding Company). Marathon Nextgen Township Private Limited a Wholly Owned subsidiary of the Company owns 67% of the paid up equity share capital of SRPL. The Shareholders approval for the both transaction were obtained through postal Ballot / E-voting. Due to lockdown the results of the postal ballot was ascertained by the scrutinizer only on 08th June 2020 with the effective date being March 31, 2020.
8	Effective April 01, 2019, the Group has adopted IND AS 116 "Leases" and applied to all to lease contracts existing on April 01,2019 using the modified retrospective method. Accordingly, previous period Information has not been restated. Group has recognized right-to-use as an assets and created equivalent Lease liability amounting to ```.743.42 Lakhs. On adoption of this INDAS , the transition adjustment to retained earnings and the effect on theprofit foryear ended March 31,2020 is insignificant.
9	Due to outbreak of COVID - 19 the Group is in the process of assessing its likely adverse impact. The Group is in the business of Real Estate development on its own and through joint ventures. The Group is in the process of evaluating the impact thereof and is of the opinion that the same can be better evaluated after reasonable level unlock down happens and is hence of the opinion that it is premature for it to make any provision for unforeseen losses on its receivables, investments, current and non-current assets
10	During the Quarter, Sanvo Resorts Private Limited (SRPL), a subsidiary of the Company, has changed the terms w.e.f. April 01, 2019 of its Inter corporate deposit (ICD) extended to Matrix Enclaves Project Developments Private Limited (MEPL) aggregating to . 19,042.99 Lakhs as on March 31<br>2020. The new principal terms of the ICD are that there would be a moratorium extended to MEPL towards repayment of interest and principal for a<br>period of five years ending March 31, 2024. Post this period the SRPL would receive 20% of the gross revenue earned by MEPL to be payable quarterly.<br>This arrangement would ensure that SRPL would earn a return at 12% compounded annual growth rate from April 01, 2019. As a consequence, interest<br>income of SRPL is lowered during the year.and Interest income of.1487.86 Lakhs booked up to Nne months ended December 31, 2019 is reversed in this quarter. Due to this other income in the Q4 of the FY 2019-20 is negative to the extent of reversal of interest.In view of this s Other income in the Q4 of the FY 2019-20 is negative.
11	Figures for thepreviousperiod are reclassified/re-arranged/re-grouped,wherever necessary.

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==> picture [75 x 55] intentionally omitted <==

For MARATHON NEXTGEN REALTY LTD CHETAN R SHAH CHAIRMAN AND MANAGING DIRECTOR (DIN: 00135296)

Place : Mumbai Date : June 29, 2020

Marathon Nextgen Realty Limited

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==> picture [75 x 55] intentionally omitted <==

|Audited consoliadted Statement of Assets and Liabilities for the Year ended March 31,2020
(**in Lakhs)**|**Audited consoliadted Statement of Assets and Liabilities for the Year ended March 31,2020** **(**in Lakhs)|Audited consoliadted Statement of Assets and Liabilities for the Year ended March 31,2020
(```in Lakhs)|
|---|---|---|
|Particulars|Year ended
31st March 2020|Year ended
31st March 2019|
|ASSETS
1 Non-current assets
(a) Property, Plant and Equipment
(b) Goodwill on consolidation
(b) Rights-of-use assets
(b) Investment Property
(d) Investment in Joint Ventures
(e) Financial Assets
(i) Investments
(ii) Loans
(iii) Other Financial Assets
(d) Deferred Tax Assets (Net)
(e) Income Tax Assets (Net)
(f) Other Non-current Assets
Total Non - Current Assets
2 Current assets
(a) Inventories
(b) Financial Assets
(i) Trade Receivables
(ii) Cash and Cash Equivalents
(iii) Bank balances other than (ii) above
(iv) Loans
(v) Other Financial Assets
(c) Other Current Assets
Total Current Assets
Total Assets (1+2)
EQUITY AND LIABILITIES
1 EQUITY
(a) Equity Share Capital
(b) Other Equity
(i) Equity Attriburable to the owner of the company
(c) Non Controlling Interest
Total Equity
LIABILITIES
2 Non-current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Other Financial Liabilities
(b) Provisions
(c) Other Non Current Liabilities
(d) Deferred Tax Liabilities (Net)
Total Non - Current Liabilities
3 Current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Trade Payables
Due to Micro, and Small Enterprises
Due to other than Micro and Small Enterprises
(iii) Lease Liabilities
(ivi) Other Financial Liabilities
(b) Provisions
(c) Income Tax liabilities (net)
(d) Other Current Liabilities
Total Current Liabilities
Total Equity and Liabilities (1+2+3)|894.41
12,522.52
243.04
15,715.69
2,274.87
-
359.78
56,018.32
915.45
178.63
887.06
0.29|1,009.77
9,848.83
-
11,226.67
1,837.98
329.70
42,246.30
785.68
61.04
1,806.67
0.38|
||90,010.06|69,153.02|
||51,367.58
2,182.03
1,228.41
3,804.20
8,906.54
1,709.59
2,504.30|51,189.62
550.49
781.92
3,739.41
22,172.16
56.06
2,140.92|
||71,702.65|80,630.58|
||161,712.71|149,783.60|
||2,300.00
57,025.17
428.95|2,300.00
58,442.58
1,389.96|
||59,754.12|62,132.54|
||43,475.40
657.96
2,430.15
143.36
24.09|35,304.80
349.98
214.70
93.67
50.62|
||46,730.96|36,013.77|
||8,375.85
239.98
14,445.49
264.97
6,236.95
168.07
14.40
25,481.92|3,836.44
55.33
14,371.42
-
5,298.12
25.21
-
28,050.77|
||55,227.63|51,637.29|
||161,712.71|149,783.60|

Marathon Nextgen Realty Limited

|Consolidated Cash Flow Statement for theyear ended 31 March 2020|(**in Lakhs)**|**(**in Lakhs)|
|---|---|---|
|Particulars|Year ended
31 March 2020|Year ended
31 March 2019|
|A CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before tax:
Adjustment for:
Depreciation/Amortisation
Finance Cost
Interest & Dividend Income
Profit on sale of Properties, Plants and Equipments
Provision for doubtful debt and other provision
Fair value of investment through Profit and Loss Account
Share in Profit to Non controlling interest
Operating profit before Working Capital changes
Adjustments for changes in Working capital
(Increase)/Decrease in Inventories
(Increase)/Decrease in Trade Receivables
(Increase)/Decrease in Other Financial Assets - Non current and current
Increase/(Decrease) in Other Non current and current Assets
Increase/(Decrease) in Trade Payables and other Payable
(Increase)/Decrease in Other Financial Liabilities - Non current and current
Increase/(Decrease) in Other Non current and current Liabilities
Increase/(Decrease) in Provisions - Non current and current
Cash generated from/ (used in) operations
Income taxes (paid)
Net Cash from / (used in) operating activities
B CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from sale of property, plant & equipment
Acquisition of Non-current investments
Acquisition of Investment Property
Other Bank Balances
Interest & Dividend received on Investments
Loan and advances given (Net)
Goodwill on acquisition of Subsidiaries
Acquisition of additional stake in subsidiary
Net Cash from/(used in) investing activities
C CASH FLOW FROM FINANCING ACTIVITIES
Proceed /(Repayment) of Long term and short term borrowings (Net)
Dividend (Including Tax on Dividend) paid
Finance cost paid
Payment of lease Liabilities
Net Cash from/(used in) financing activities
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)
Cash and Cash Equivalents (Opening balance)
Cash and Cash Equivalents(Closingbalance)|2,593.51
567.70
(4,102.00)
(752.94)
2.95
42.78
-
182.87|2,978.05
180.62
2,115.94
(67.20)
(0.03)
31.05
(22.52)
(2.30)|
||(1,465.13)|5,213.62|
||(4,895.57)
(1,632.59)
(1,783.30)
(363.29)
258.72
1,246.81
(2,827.38)
2,316.57|(24,012.04)
(546.57)
(752.52)
(443.97)
3,389.23
149.23
27,674.37
104.58|
||(9,145.16)|10,775.94|
||1,078.13|(713.15)|
||(8,067.03)|10,062.78|
||27.67
(466.97)
-
(64.79)
752.94
(506.40)
(2,673.69)
(4,645.20)|(879.61)
(21.63)
-
(3,724.26)
67.20
(16,759.28)
(9,848.83)
-|
||(7,576.44)|(31,166.42)|
||12,710.01
(277.28)
4,102.00
(227.79)|22,146.51
(1,109.11)
(2,115.93)
1,389.96|
||16,306.94|20,311.43|
||663.47|(792.20)|
||256.72
920.19|1,048.92
256.72|
|NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS|663.47|(792.20)|

==> picture [97 x 60] intentionally omitted <==

==> picture [75 x 55] intentionally omitted <==

Reconciliation of cash and cash equivalents with the balance sheet	Reconciliation of cash and cash equivalents with the balance sheet	Reconciliation of cash and cash equivalents with the balance sheet
Particular	Year ended 31 March 2020	Year ended 31 March 2019
Cash in hand Balances with banks - In current accounts - Margin money with Bank and NBFC - original maturity of 3 months or less	10.82 1,045.39 172.20	6.01 723.66 52.25
Sub Total	1,228.41	781.92
Less:- Book Draft	(308.22)	(525.20)
Total	920.19	256.72

MARATHON NEXTGEN REALTY LIMITED

Regd.Office : Marathon Futurex, N.M. Joshi Marg, Lower Parel (West), Mumbai 400 013.

CIN - L65990MH1978PLC020080

Extract of Audited Financial Results for the Quarter and Year ended March 31, 2020

		(Rs.in lakhs - Except EPS)	(Rs.in lakhs - Except EPS)	(Rs.in lakhs - Except EPS)	(Rs.in lakhs - Except EPS)	(Rs.in lakhs - Except EPS)	(Rs.in lakhs - Except EPS)
Sr No.	Particulars	StandaloneQuarter Ended		Standalone Year Ended		Condolidated Year Ended
		March 31,2020	March 31,2019	March 31,2020	March 31,2019	March 31,2020	March 31,2019
1	Total revenue from operations	1,597.13	1,853.42	8,127.00	8,081.86	24,113.22	8,224.27
2	Other Income	289.21	26.75	1,121.72	56.25	830.12	67.20
3	Net Profit/(Loss) for the period (before tax and Exceptional items)	724.62	744.22	3,126.10	2,975.31	2,593.51	2,978.05
4	Net Profit/(Loss) for the period before tax (after Exceptional items)	724.62	744.22	3,126.10	2,975.31	2,593.51	2,978.05
5	Net Profit/(Loss) for the period after tax (after Exceptional items)	464.20	562.95	3,440.49	3,424.24	2,494.40	3,150.08
6	Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]	457.22	564.34	3,428.80	3,417.96	2,494.40	3,150.08
7	EquityShare Capital	2,300.00	2,300.00	2,300.00	2,300.00	2,300.00	2,300.00
8	Reserves (excluding Revaluation Reserve as shown in the Balance Sheet ofpreviousyear)	-	-	60,809.66	57,687.64	57,021.92	58,442.58
9	Earning Per Share (of Rs. 5/-each) (for continuing and discontinued operations) a) Basic and diluted	1.01	1.22	7.48	7.44	5.23	6.84

Note:

1 The above results were reviewed by the Audit Committee and take on record by the Board of Directors at their meeting held on June 29,2020.
2 The above extract of the detailed format of Quarterly and Yearly Financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations,2015. The full format of the Quarterly and Yearly Financial Results are available of the Stock Exchange website www.bseindia.com, www.nseindia.com and Company's website www.marathonnextgen.com.
3 The figures for the quarter ended 31st March 2020 are the balancing figures between audited figures in respect of the full financial year and the published year to date reviewed figures upto the end of the third quarter ended December 31,2019.

For MARATHON NEXTGEN REALTY LTD

Place : Mumbai Date : June 29, 2020

==> picture [75 x 55] intentionally omitted <==

==> picture [164 x 29] intentionally omitted <==

CHETAN R SHAH CHAIRMAN AND MANAGING DIRECTOR

==> picture [102 x 31] intentionally omitted <==

MARATHON NEXTGEN REALTY LIMITED

June 29, 2020

The BSE Limited The NSE Limited Dept. of Corporate Services Listing Department P. J. Towers, Dalal Street BKC, Bandra (E) Mumbai 400 001 Mumbai 400 051 Scrip Code: 503101 Symbol: MARATHON

Subject: Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

Pursuant to Regulation 33 (3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2016 (Amended), vide notification no. SEBI/LADNRO/GN/2016-17/001 dated 25 May 2016 and circular no. CIR/CFD/CMD/56/2016 dated 27 May 2016, we hereby state that the Statutory Auditors of the Company, Rajendra & Co, Chartered Accountants, have not expressed any opinion & observation in their Audit Report on the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended on 31st March 2020.

You are requested to take the above information on your record.

Yours sincerely,

For Marathon Nextgen Realty Limited

==> picture [472 x 61] intentionally omitted <==

S.Ramamurthi Director & Chief Financial Officer

AI assistant

Marathon Nextgen Realty Ltd — Audit Report / Information 2020

60508_rns_2020-06-29_2191debb-3def-4021-9763-835cc9181288.pdf

MARATHON NEXTGEN REALTY LIMITED

June 29, 2020

Sub: Audited Financial Results for the fourth quarter and year ended on March 31, 2020

For Marathon Nextgen Realty Limited

Independent Auditors’ Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Marathon Nextgen Realty Limited

Report on the audit of the standalone Financial Results

Opinion

Basis for Opinion

Management’s Responsibilities for the Standalone Financial Results

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Other Matter

Independent Auditors’ Report on the Quarterly and Year to Date Audited Consolidated Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of Marathon Nextgen Realty Limited

Report on the audit of the Consolidated Annual Financial Results

Opinion

Basis for Opinion

Management’s Responsibilities for the Consolidated Financial Results

Auditor’s Responsibilities for the Audit of the Consolidated Financial Results

Other Matters

MARATHON NEXTGEN REALTY LIMITED

CIN - L65990MH1978PLC020080

AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020

Note

Marathon Nextgen Realty Limited

Marathon Nextgen Realty Limited

MARATHON NEXTGEN REALTY LIMITED

CIN - L65990MH1978PLC020080

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020

Note

Marathon Nextgen Realty Limited

Marathon Nextgen Realty Limited

MARATHON NEXTGEN REALTY LIMITED

CIN - L65990MH1978PLC020080

Extract of Audited Financial Results for the Quarter and Year ended March 31, 2020

Note:

For MARATHON NEXTGEN REALTY LTD

MARATHON NEXTGEN REALTY LIMITED

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Marathon Nextgen Realty Ltd Audit Report / Information 2020