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Marathon Nextgen Realty Ltd.

BSE: 503101 Sector: Infrastructure
NSE: MARATHON ISIN Code: INE182D01020
BSE 00:00 | 30 Jul 76.55 -1.15
(-1.48%)
OPEN

77.80

HIGH

79.20

LOW

75.65

NSE 00:00 | 30 Jul 76.00 -1.85
(-2.38%)
OPEN

77.00

HIGH

79.00

LOW

74.60

OPEN 77.80
PREVIOUS CLOSE 77.70
VOLUME 21184
52-Week high 109.60
52-Week low 42.25
P/E 12.39
Mkt Cap.(Rs cr) 352
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 77.80
CLOSE 77.70
VOLUME 21184
52-Week high 109.60
52-Week low 42.25
P/E 12.39
Mkt Cap.(Rs cr) 352
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Marathon Nextgen Realty Ltd. (MARATHON) - Company History

Piramal Spinning & Weaving Mills (PSWML) was incorporated in Jan 1978 and later in Jun 1979 it was amalgamated with Mahadevi Invesment Company. The has it's business interest in textiles and manufactures cotton fabrics synthetic fabric and cotton yarn. from it's factories at Lower Parel Mumbai Ambarnath both in Maharashtra and Surat in Gujarat.The company had completed the first phase of modernisation project including the new process house at Ambarnath at a cost of Rs.372.26 lacs and the new process house was fully operational in 1983-84. The third phase of modernisation programme was completed at a cost of Rs.400 lacs and the fourth phase was completed in 1990-91 at a cost of Rs.298 lacs. In Sep.'92 the company came out with a debenture issue to part-finance its fifth phase of the modernisation programme. With effect from 1 Apr.'91 the Niranjan Mills (Niranjan) was amalgamated with the company pursuant to a scheme processed under the Sick Industrial Companies (Special provisions) Act 1985. The rehabilitation programme with retrospective effect was sanctioned by the BIFR. The higlights are a) The company's 3 main division has been demerged into 3 distinctive entities. 2) The assets/libailities of both the company as well as Niranjan Mills together has been transferred to in Niranjan Piramal Textile Mills Limited from October2001. The Ambernath processing unit has been transferred to Pyarelal Textiles Limited from October2001.3) It has also co-opted M/s Ithaca Informatics Pvt Ltd to develop the property at Lower Parel Unit.Subsequent to all this the share capital of the company has reduced to Rs.92.59 lacs. The shareholders of the erstwhile Piramal Spg & Wvg Mills Ltd was alloted one share in each of the 3 companies for every 3 shares held by them. The name of the company was changed to Marath Nextgen Realty & Textiles Ltd.

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