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, through Video Conferencing/Other Audio-Visual Means in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI. The meeting commenced at 12:00 PM IST and concluded at 12:46 PM IST.

Business Transacted and Resolutions

The following items of business from the AGM notice were considered:

Ordinary Business

  • Item 1: To receive, consider and adopt the Audited Financial Statements (standalone and consolidated) for FY2026 with Reports of Board of Directors and Auditors
  • Item 2: To declare final dividend of 20% (₹1 per equity share of face value ₹5 each) for FY2026
  • Item 3: To re-appoint Mr. Kaivalya Chetan Shah (DIN: 03262973) who retires by rotation
  • Item 4: To re-appoint Mr. Samyag Mayur Shah (DIN: 06884897) who retires by rotation

Special Business

  • Item 5: To ratify remuneration of Cost Auditors for FY2027
  • Item 6: To approve Material Related Party Transaction with Marathon Realty Private Limited
  • Item 7: To approve Material Related Party Transactions with Subsidiary/Joint Venture Companies
  • Item 8: To approve Material Related Party Transaction(s) between Subsidiary Companies where Company is not a party

Voting Process and Methods

The company provided remote e-voting facility for all resolutions proposed in the AGM notice. Members who had not cast votes through remote e-voting were provided opportunity to vote electronically during the AGM through the NSDL e-voting platform. The e-voting facility remained open for 15 minutes after the conclusion of the AGM.

CS Pushpal Sanghavi, Designated Partner of M/s. M P Sanghavi & Associates LLP, was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting conducted during the AGM.

Voting Outcomes and Results

The voting results were not provided in the proceedings document. The Chairman informed that results would be declared within prescribed timeline and placed on the company website and submitted to BSE Limited and National Stock Exchange of India Limited along with the Scrutinizer's Report.

Attendance and Participation

36 members attended the meeting through VC/OAVM. Mr. Chetan Shah chaired the meeting. The Board Members, Key Managerial Personnel, Statutory Auditor, and Secretarial Auditor were present. Two Directors were absent (reasons explained by Chairman).

Disclosure of Interest

For Agenda Items 6, 7, and 8 (Related Party Transactions), the Chairman declared his interest and requested Mr. Atul Mehta, Independent Director, to take over the proceedings for these items.

Compliance Confirmation

The meeting was conducted in accordance with Companies Act, 2013, rules made thereunder, and relevant circulars issued by MCA and SEBI. The required registers and documents mentioned in the AGM Notice were available for inspection.