Marathon Nextgen Realty Limited — Important, 11-11-2024: General Updates

**Acquisition of Marathon Group Companies and Board Approvals**

Marathon Nextgen Realty Ltd. has acquired 100% shareholding in Nexzone IT Infrastructure Pvt. Ltd., Nexzone Water Management Pvt. Ltd., and Kanchi Rehab Pvt. Ltd. This strategic move aims to enhance operational efficiencies and leverage assets across the group's businesses in real estate and construction. The acquisition, conducted at an arm's length, is expected to create synergies that could enhance overall corporate performance.

In a significant step to boost its capital structure, the company has also approved a postal ballot notice for shareholders to increase the fundraising limit from Rs. 500 Crores to Rs. 1,000 Crores, allowing for various methods of raising funds, including the issuance of equity shares.

Additionally, the board reappointed Mr. Atul J. Mehta and Mrs. Parul A. Shah as Independent Directors, both for a five-year term, subject to shareholder approval. The company continues to demonstrate a positive outlook as it navigates these transformative initiatives aimed at strengthening its market position and operational capabilities.