Marathon Nextgen Realty to Host Meetings of Shareholders and Unsecured Creditors for Amalgamation Scheme
Marathon Nextgen Realty Limited is scheduling mandatory meetings for its equity shareholders and unsecured creditors to approve a proposed Composite Scheme of Amalgamation and Arrangement. The initiative involves several companies, as mandated by an order passed by the National Company Law Tribunal (NCLT), Mumbai Bench.The purpose of the forthcoming Meetings is to obtain approval—with or without modification—for the Comprehensive Scheme involving Marathon Nextgen Realty Limited and multiple other entities.
The scheme encompasses Matrix Water Management Private Limited (MWMPL), Sanvo Resorts Private Limited (SRPL), Marathon Realty Private Limited (MRPL), Matrix Enclaves Projects Developments Private Limited (MEPDPL), Matrix Land Hub Private Limited (MLHPL), Marathon Nextgen Realty Limited (MNRL), and Marathon Energy Private Limited (MEPL).
The Meetings are being conducted as per the directions of the NCLT, Mumbai Bench, following an order dated July 2, 2026, issued in Company Application No. (C.A. (CAA) No. 110 OF 2026).
Equity Shareholders Meeting Details
Marathon Nextgen Realty Limited has set specific dates and parameters for the equity shareholders' meeting concerning the amalgamation scheme. The meeting is scheduled to be held via video conferencing or other audio-visual means.Key details pertaining to the equity shareholders are as follows:
| Detail | Information |
|---|---|
| Date of the Meeting | September 7, 2026 |
| Time of the Meeting | 11:00 AM (IST) |
| Mode of the Meeting | Video Conferencing/Other Audio Visual Means |
| Cut-off Date for e-voting | Tuesday, May 26, 2026 |
| Remote e-voting Start Date and Time | Friday, September 4, 2026 at 9:00 A.M. (IST) |
| Remote e-voting End Date and Time | Sunday, September 6, 2026 at 5:00 P.M. (IST) |
Unsecured Creditors Meeting Details
The meeting for unsecured creditors is scheduled for the same day as the shareholders' gathering. This creditor meeting will also be conducted through video conferencing or other audio-visual means.Details for the unsecured creditors’ meeting are presented below:
| Detail | Information |
|---|---|
| Date of the Meeting | September 7, 2026 |
| Time of the Meeting | 12:30 P.M. (IST) |
| Mode of the Meeting | Video Conferencing/Other Audio Visual Means |
| Cut-off Date for e-voting | Tuesday, March 31, 2026 |
| Remote e-voting Start Date and Time | Friday, September 4, 2026 at 9:00 A.M. (IST) |
| Remote e-voting End Date and Time | Sunday, September 6, 2026 at 5:00 P.M. (IST) |
The notices for both the equity shareholders and unsecured creditors meetings, along with relevant annexures and documents including the Scheme and explanatory statements under Sections 230 and 232 of the Companies Act, are available via the company’s website and NSDL’s e-voting platform.
MARATHON Stock Price Movement
Marathon Nextgen Realty Limited's shares slipped by 1.62% on Wednesday, closing at ₹387.20 after shedding ₹6.35 from the previous close of ₹391.45. The stock settled with a traded volume of 34,950 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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