Marathon Nextgen Realty Limited — Updates, 31-03-2025: Press Release

Marathon Group has approved a Composite Scheme of Amalgamation and Arrangement to consolidate and simplify its operating structure. This Scheme entails the amalgamation of several entities, including Matrix Water Management Private Limited and Sanvo Resorts Private Limited, which will dissolve without winding up, alongside the demerger of various projects into Marathon Energy Private Limited, a wholly-owned subsidiary. Notably, the Scheme is expected to enhance shareholder value, with the Board raising the per share value from Rs. 553 to Rs. 575, improving the share exchange ratios for the involved companies.

The rationale behind the Scheme includes reducing legal entities, simplifying group structure, and minimizing administrative overlaps while bringing high-value projects under the listed entity, thus offering a favorable outlook for public shareholders. The transaction will also involve issuing new securities to maintain a minimum public shareholding of 25%. Market observers should watch closely for upcoming developments and regulatory approvals needed for the Scheme's implementation.