NCLT scheme of amalgamation and demerger approved by shareholders

Nclt Scheme FiledDemerger Ratio AnnouncedStrategic Transactions View source PDF Explain this filing

MARATHON · price

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹446.80

prior close

₹447.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-2.0% vs market

Residential Commercial Projects peers, median of 65sector-0.6%-1.6% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.6 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.2-0.2-2.0-0.6-1.6

Next day

-2.6-0.3-2.3-1.1-1.6

-2.4-0.2-2.2-2.0-0.4

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15d

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT convened meeting on Sept 7, 2026 approved a Composite Scheme of Amalgamation and Arrangement. The scheme merges Matrix Water Management and Sanvo Resorts into Marathon Nextgen Realty, demerges three entities, and creates Marathon Energy. 99.81 percent of equity shareholders voted in favor (4.92 crore shares polled out of 6.74 crore); unsecured creditors approved 100 percent. Post-scheme total equity to expand to 11.84 crore shares.

Likely market impact

Scheme cleared by shareholders and creditors; now awaits final NCLT sanction for the merger and demerger to take effect.