The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 24, 2025 for Marathon Realty Pvt Ltd
MARATHON · price
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.7 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Marathon Nextgen Realty Ltd informed the exchanges that its promoter, Marathon Realty Private Limited (MRPL), had a Non-Disposal Undertaking (NDU) on 26,116,151 shares (38.74% of total share capital) released on July 23, 2025. The NDU was held in favor of lender Piramal Capital and Housing Finance Limited. After the release, MRPL has zero encumbered shares, while continuing to hold 34,482,646 shares (51.15%) in the company. The company clarified that MRPL had only given an NDU and had never actually pledged any shares. Other promoter group members had no encumbrance on their holdings either.
Positive for shareholders — the promoter's shares are now completely free of any encumbrance or restriction, removing any risk of forced sale or lender action. No change in promoter ownership percentage; this purely frees up the shares from the NDU restriction.