Marathon Nextgen Realty Limited announces an acquisition

The exchange notices and newspaper advertisements regarding the Composite Scheme of Amalgamation and Arrangement do not disclose the specific net asset value (NAV), aggregate land bank area being consolidated into Marathon Nextgen Realty Limited, or the exact quantum of debt obligations being transferred ^[1].

Restructuring Scope and Status

• Entities Involved: The composite scheme covers Marathon Nextgen Realty Limited (Transferee/Resulting Company) alongside transferor and demerged entities including Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, Matrix Land Hub Private Limited, and Marathon Energy Private Limited ^[1].
• Process Status: Pursuant to the National Company Law Tribunal (NCLT), Mumbai Bench order dated July 2, 2026, NCLT-convened meetings for equity shareholders and unsecured creditors were scheduled for September 7, 2026, to consider and approve the scheme ^[1].
• Creditor Involvement: While separate meetings of unsecured creditors for the respective applicant companies were mandated under the NCLT direction ^[1], specific financial liabilities, debt transfer values, or encumbrance details were omitted from the published statutory notices.

Disclosure Gap

Specific financial valuations, NAV calculations, total land area metrics, and debt schedules form part of the detailed Scheme document or valuation reports submitted privately to regulatory authorities or presented at the NCLT-convened meetings, and are not publicly detailed in the exchange notification filings.

Beyond the NCLT-convened meetings scheduled for September 7 and 8, 2026 `<sup>[1]</sup>`, the Composite Scheme of Amalgamation and Arrangement requires subsequent formal sanction and approval from the National Company Law Tribunal (NCLT) alongside other regulatory permissions and sanctions as contemplated in the scheme `<sup>[1]</sup>`.

Regulatory and Statutory Framework

• Subsequent NCLT Sanction: The approval of the shareholder and creditor meetings is subject to the final petition and subsequent sanction order from the NCLT under Sections 230 to 232 of the Companies Act, 2013 `<sup>[1]</sup>`, `<sup>[3]</sup>`.
• General Regulatory Approvals: The corporate updates note that the scheme remains subject to "such other approvals, permission, and sanctions by regulatory authorities, as may be necessary and as contemplated in the Scheme" `<sup>[1]</sup>`.
• Disclosure Gaps: Specific subsequent procedural steps—such as exact timelines for post-approval Registrar of Companies (ROC) filings or final stock exchange/SEBI compliance filings—were not separately detailed or itemized in the retrieved newspaper notices and corporate update filings beyond compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for meeting disclosures `<sup>[2]</sup>`, `<sup>[4]</sup>`.