The Company is pleased to inform that it has received from NSE observation letter dated March 30, 2026 with no adverse objection for the Scheme of Amalgamation and Arrangement

Marathon Nextgen Realty has received a 'no adverse objection' observation letter from NSE dated March 30, 2026, for its composite scheme of amalgamation and arrangement. The scheme involves merging two transferor companies (Matrix Water Management and Sanvo Resorts) and demerging three companies (Marathon Realty, Matrix Enclaves Projects Developments, and Matrix Land Hub), with Marathon Nextgen Realty as the main resulting/transferee company and Marathon Energy as the second resulting company. BSE had already given its no-objection on March 26, 2026. The scheme still requires approval from shareholders and creditors of the involved companies, and subsequently from NCLT. The NSE letter is valid for six months, within which the scheme must be filed with NCLT. Notably, the scheme will result in an increase in promoter/promoter group shareholding, which must be prominently disclosed to shareholders along with the swap ratio and valuation details.