Marathon Nextgen Realty Limited has informed the Exchange regarding Proceedings of 48th Annual General Meeting held on September 24, 2025
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Marathon Nextgen Realty held its 48th AGM on September 24, 2025, via video conferencing, lasting 35 minutes (12:00 noon to 12:35 PM). Chairman Mr. Chetan Shah chaired the meeting, with 41 members attending virtually. Shareholders considered 8 agenda items, including adoption of audited standalone and consolidated financial statements for FY25, declaration of a final dividend on equity shares, re-appointment of Mr. Mayur R. Shah as a director, ratification of cost auditor remuneration, and continuation of Mr. Chetan Shah as Chairman and Managing Director. The Chairman highlighted the company's strategy to strengthen its presence and discussed expansion plans. Voting results will be declared separately after the Scrutinizer's Report is received.
The declaration of a final dividend for FY25 is a positive signal for shareholders, confirming returns despite a short AGM. Voting results on key items — including dividend approval, director re-appointments, and related-party transactions under Section 185 — are pending and could influence sentiment once disclosed.