Marathon Nextgen Realty Limited — Board Meeting, 31-03-2025: Outcome of Board Meeting

The Board has approved a Composite Scheme of Amalgamation involving Matrix Water Management Pvt. Ltd. and Sanvo Resorts Pvt. Ltd. with Marathon Nextgen Realty Ltd. The scheme entails the transfer of various development projects, simplifying the corporate structure and enhancing operational efficiency. Additionally, the per share value has been revised to ₹575 from ₹553, benefiting public shareholders. The share exchange ratios for the amalgamation have been established, and while new securities will be issued to maintain public shareholding, preference shares will not be listed on any exchange.