Marathon Nextgen Realty FY26 Secretarial Compliance Report

Date: May 29, 2026

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Compliance Examination Scope:

Examination conducted by M P Sanghavi & Associates LLP, Company Secretaries (FRN: L2020MH007000)
Review period: Year ended March 31, 2026
Documents examined: Company records, stock exchange filings, website content, and other relevant documents
Regulations examined: SEBI LODR, SEBI ICDR, SEBI Takeover Regulations, SEBI Buyback Regulations, SEBI Non-Convertible Securities Regulations, SEBI PIT Regulations, SEBI DP Regulations, SEBI ESOP Regulations

Identified Non-Compliance:

Regulation 21(3C) of SEBI LODR: Gap between two meetings of Risk Management Committee exceeded 210 days (meetings held on February 8, 2024, and November 11, 2024)
No penalty was imposed for this violation
The company acknowledged the lapse and responded to NSE regarding this matter

Resolution of Previous Non-Compliance:

All observations from the previous secretarial compliance report for the year ended March 31, 2025, have been addressed
The specific gap between Risk Management Committee meetings noted in FY25 has been resolved

Compliance Verification Results:

1. Secretarial Standards: Full compliance with ICSI standards - Yes

2. Policy Adoption: All SEBI-mandated policies adopted and updated on time - Yes

3. Website Maintenance: Functional website with proper document dissemination and accurate web links - Yes

4. Director Disqualification: No directors disqualified under Section 164 of Companies Act, 2013 - Yes

5. Subsidiary Details: Proper identification and disclosure of material and other subsidiaries - Yes

6. Document Preservation: Records maintained as per SEBI LODR preservation policy - Yes

7. Performance Evaluation: Conducted for Board, Independent Directors, and Committees - Yes

8. Related Party Transactions: Prior Audit Committee approval obtained for all transactions - Yes

9. Event Disclosures: All Regulation 30 disclosures made within prescribed timelines - Yes

10. Insider Trading: No violations detected - Yes

11. Regulatory Actions: No actions taken by SEBI or stock exchanges against company/promoters/directors/subsidiaries - Yes

12. Auditor Resignation: No resignation of statutory auditors from company or material subsidiaries - NA

13. Additional Non-Compliances: None observed - NA

Assumptions and Limitations:

Compliance responsibility rests with company management
Report is based on document examination, not an audit or opinion expression
Financial records and books of account were not verified
Report is for regulatory compliance purposes only, not assurance of future viability

Certification Details: