Please help me understand if am wrong,
As per the above regulations there are 4 sub rules within 7 (1), with an’or’ condition between (i) (ii) (iii) and (iv).
So we should be able to fulfill any one of those criteria.
While (iii) and (iv) are straight forward, (i) is about having a PG in related fields of finance from any institute recognized by indian government.
Now (ii) is about having just a PG in any course ( no mention of any fields here) from an institute recognized by mentioned bodies like aicte or other boards setup by government through an act.
So if we did masters in any field in India in any of these accredited college/ institute, shouldn’t we be eligible.

I have been searching on various discussions and explanations but no one is mentioning about the possibility of subclause (ii). What am I missing here?

Neera gupta shareholding is coming from Sahil gupta; Sahil gupta used to own 13.45% in dec shareholding now he owns only 1.34% and 12.1% is ownd by neera gupta in June shareholding

Marathon NextGen Realty –

Q4 and FY 24 results and concall highlights –

Established in 1978. Total projects delivered till date @ 100 +

Ongoing projects at ( MNRL’s share ) –

Panvel – Nextzone ( 91 pc )
Bhandup – NeoHomes ( 100 pc )
Byculla – Monte South ( 40 pc )
Mulund – Millennium ( 100 pc )
Lower Parel – Futurex ( 100 pc )

Total homes in pipeline – 15k+
Land under development – 40 lakh Sq ft

Business highlights of FY 24 –

Acquired 14 acres ( aprox 6.1 lakh Sq Ft ) land parcel in Bhandup with a total development potential of 21 lakh sq ft and GDV of 2250 cr

Marathon Futurex – one of the biggest commercial towers of Mumbai received occupation certificate upto 38th floor ( top floor )

Monte South Wing A received occupation certificate upto 51st floor

Marathon Millennium – one of the biggest commercial tower of Mulund received occupancy certificate till 20th floor

Monte South – received best Ultra Luxury Project award – ZeeBusiness Real Estate

FY 24 outcomes –

Area sold – 5.61 lakh sq ft ( Avg realisation @ Rs 14,563 / sq ft )
Booking value – 817 cr
Revenues – 705 cr
EBITDA – 309 cr, margins @ 41 pc
PAT – 169 cr, margins @ 24 pc

Debt on books @ 751 vs 838 vs 1190 cr ( for last 3 FYs ). As the Debt keeps coming down, cost of debt should also keep reducing

Q4 outcomes –

Area sold – 1.26 lakh sq ft ( Avg realisation @ Rs 13,888 / sq ft )
Booking value – 175 cr
Revenues – 155 cr
EBITDA – 67 cr, margins @ 40 pc
PAT – 40 cr, margins @ 26 pc

Company’s landbank –

Panvel – 100 acres
Thane – 100 acres
Bhandup – 100 acres
Dombivali – 50 acres

Just a broad brush calculation / assumption – if the company were to develop and sell all of this land bank over next 10 yrs @ avg per sq ft rate of 13k/Sq Ft, FSI of 2.5, PAT margins of 20 pc … they can earn profits of around 9700 cr over next 10 yrs
Note : this is just a broad brush, back of the envelop calculation based on certain assumptions☝️

Total estimated revenue from currently unsold inventory @ 1500 cr ( aprox ) – assumed at prevailing mkt rates

Avg cost of Debt in FY 23 was 15.5 pc. In FY 24, it fell to 12.5 pc

Launch pipeline for FY 25 @ 12 lakh sq ft valued at around 1400 cr

Targeting a booking value of between 1000 – 1200 cr for FY 25. Booking value for FY 24 was 817 cr

Current unsold but completed inventory ( residential + commercial ) that the company is holding is around 380 cr ( expected to receive this much cash as and when this is sold )

In next 3 yrs or so, company should be able to do an annual pre-sales of around 2000 cr / yr ( provided the up cycle sustains )

Disc: holding, biased, not SEBI registered, not a buy / sell recommendation

At such high price / valuation it is better to wait for the Q1 results…