Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Marathon Nextgen Realty Limited

Meeting Details

The 49th Annual General Meeting was held on Monday, September 28, 2026, at 12:00 Noon via Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted in compliance with MCA General Circulars permitting virtual AGMs without physical presence.

Shareholder Participation

  • Total number of shareholders on record date: 15,114
  • Number of shareholders present in the meeting either in person or through proxy: Not specified
  • Number of shareholders attended through Video Conferencing: 36
  • Promoters and Promoters Group: 10
  • Public: 26

Proposed Resolutions and Implications

Eight resolutions were proposed and voted upon:

1. Ordinary Resolution: To receive, consider and adopt audited financial statements (standalone and consolidated) for FY ended March 31, 2026, with reports of Board of Directors and Auditors.

2. Ordinary Resolution: To declare a final dividend of 20% (₹1 per equity share of face value ₹5 each) for FY ended March 31, 2026.

3. Ordinary Resolution: To reappoint Mr. Kaivalya Chetan Shah (DIN: 03262973) as director retiring by rotation.

4. Ordinary Resolution: To reappoint Mr. Samyag Mayur Shah (DIN: 06884897) as director retiring by rotation.

5. Ordinary Resolution: To ratify remuneration of Cost Auditors for FY ending March 31, 2027.

6. Special Resolution: To approve Material Related Party Transaction with Marathon Realty Private Limited (MRPL).

7. Special Resolution: To approve Material Related Party Transaction with Subsidiary/Joint Venture Companies.

8. Ordinary Resolution: To approve Material Related Party Transaction between Subsidiary Companies where the company is not a party.

Voting Process and Methods

The voting process utilized two methods:

1. Remote e-voting: Conducted through NSDL's platform (www.evoting.nsdl.com) from September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)

2. E-voting at AGM: Available during the meeting and 15 minutes after conclusion for members who hadn't voted remotely

The scrutinizer unblocked and downloaded e-voting details after the AGM conclusion in the presence of two independent witnesses (Ms. Pooja Shah and Mr. Sarthak Vishe).

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements
  • Total votes cast: 47,058,630 (69.7738% of outstanding shares)
  • Votes in favor: 47,053,053 (99.9881% of votes polled)
  • Votes against: 5,577 (0.0119% of votes polled)
  • Category-wise participation:
  • Promoters: 37,570,764 votes (98.7694% of shares held)
  • Public Institutions: 6,824,877 votes (59.0659% of shares held)
  • Public Non-Institutions: 2,662,989 votes (14.9179% of shares held)
Resolution 2: Final Dividend Declaration
  • Total votes cast: 47,058,630 (69.7738% of outstanding shares)
  • Votes in favor: 47,058,488 (99.9997% of votes polled)
  • Votes against: 142 (0.0003% of votes polled)
  • Category-wise participation:
  • Promoters: 37,570,764 votes (98.7694% of shares held)
  • Public Institutions: 6,824,877 votes (59.0659% of shares held)
  • Public Non-Institutions: 2,662,989 votes (14.9179% of shares held)
Resolution 3: Reappointment of Kaivalya Chetan Shah
  • Total votes cast: 47,058,630 (69.7738% of outstanding shares)
  • Votes in favor: 47,058,170 (99.9990% of votes polled)
  • Votes against: 460 (0.0010% of votes polled)
  • Category-wise participation:
  • Promoters: 37,570,764 votes (98.7694% of shares held)
  • Public Institutions: 6,824,877 votes (59.0659% of shares held)
  • Public Non-Institutions: 2,662,989 votes (14.9179% of shares held)
Resolution 4: Reappointment of Samyag Mayur Shah
  • Total votes cast: 47,058,630 (69.7738% of outstanding shares)
  • Votes in favor: 46,948,573 (99.7661% of votes polled)
  • Votes against: 110,057 (0.2339% of votes polled)
  • Category-wise participation:
  • Promoters: 37,570,764 votes (98.7694% of shares held)
  • Public Institutions: 6,824,877 votes (59.0659% of shares held) - Notable opposition: 109,597 against votes (1.6058% of their votes polled)
  • Public Non-Institutions: 2,662,989 votes (14.9179% of shares held)
Resolution 5: Ratification of Cost Auditors' Remuneration
  • Total votes cast: 47,058,630 (69.7738% of outstanding shares)
  • Votes in favor: 47,058,170 (99.9990% of votes polled)
  • Votes against: 460 (0.0010% of votes polled)
  • Category-wise participation:
  • Promoters: 37,570,764 votes (98.7694% of shares held)
  • Public Institutions: 6,824,877 votes (59.0659% of shares held)
  • Public Non-Institutions: 2,662,989 votes (14.9179% of shares held)
Resolution 6: Related Party Transaction with MRPL (Special Resolution)
  • Total votes cast: 9,487,866 (14.0677% of outstanding shares)
  • Votes in favor: 9,372,678 (98.7859% of votes polled)
  • Votes against: 115,188 (1.2141% of votes polled)
  • Promoters abstained from voting as they were interested parties
  • Category-wise participation:
  • Public Institutions: 6,824,877 votes (59.0659% of shares held) - Notable opposition: 109,597 against votes (1.6058% of their votes polled)
  • Public Non-Institutions: 2,662,989 votes (14.9179% of shares held)
Resolution 7: Related Party Transaction with Subsidiary/JV Companies (Special Resolution)
  • Total votes cast: 9,487,866 (14.0677% of outstanding shares)
  • Votes in favor: 9,372,678 (98.7859% of votes polled)
  • Votes against: 115,188 (1.2141% of votes polled)
  • Promoters abstained from voting as they were interested parties
  • Category-wise participation:
  • Public Institutions: 6,824,877 votes (59.0659% of shares held) - Notable opposition: 109,597 against votes (1.6058% of their votes polled)
  • Public Non-Institutions: 2,662,989 votes (14.9179% of shares held)
Resolution 8: Related Party Transaction between Subsidiaries (Ordinary Resolution)
  • Total votes cast: 9,487,866 (14.0677% of outstanding shares)
  • Votes in favor: 9,372,678 (98.7859% of votes polled)
  • Votes against: 115,188 (1.2141% of votes polled)
  • Promoters abstained from voting as they were interested parties
  • Category-wise participation:
  • Public Institutions: 6,824,877 votes (59.0659% of shares held) - Notable opposition: 109,597 against votes (1.6058% of their votes polled)
  • Public Non-Institutions: 2,662,989 votes (14.9179% of shares held)

Scrutinizer's Role and Findings

M P Sanghavi & Associates LLP (FRN: L2020MH007000) was appointed as scrutinizer. Pushpal Sanghavi (Designated Partner, FCS-13658/CP-22908) submitted the consolidated report confirming:

  • All 8 resolutions were passed with requisite majority
  • The e-voting process was conducted through NSDL's platform
  • Voting details were unblocked and downloaded in the presence of independent witnesses
  • Soft copies of detailed voting reports were provided to the company secretary

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013
  • MCA General Circulars permitting virtual AGMs