Marathon Nextgen Realty Limited held its 49th Annual General Meeting on September 28, 2026, via video conferencing. The company declared a final dividend of ₹1 per equity share for FY26 and adopted its audited financial statements.

The meeting commenced at 12:00 pm and concluded at 12:46 pm. Chairman Chetan Shah addressed members on the company's operational performance, balance sheet strengthening, and development pipeline for the financial year ended March 31, 2026. He noted that the statutory auditor's report contained no qualifications or observations.

Key resolutions passed

Shareholders considered and approved several ordinary and special business items. The final dividend declaration was a primary focus, alongside the re-appointment of directors retiring by rotation. The board also sought approval for material related party transactions with Marathon Realty Private Limited and subsidiary or joint venture companies.

Governance and voting process

The meeting saw the participation of 36 members through virtual means. Due to a conflict of interest regarding related party transactions, Independent Director Atul Mehta chaired the proceedings for those specific agenda items before handing control back to Chairman Chetan Shah. Remote e-voting facilities were provided through the NSDL platform, with results to be declared within the prescribed timeline.

Voting results analysis

The scrutinizer's report confirms that all eight resolutions were passed with requisite majorities. Voting patterns highlight a distinct split between promoter and public shareholder behavior on related party transactions.

For ordinary business items such as financial statement adoption and director re-appointments, promoter and promoter group voting participation was high, casting 37,570,764 votes in favor with zero opposition. Public institutions also voted unanimously in favor of these routine matters.

However, on special resolutions approving material related party transactions (Items 6, 7, and 8), promoters abstained from voting entirely due to conflict of interest regulations. Public shareholders voted on these items:

• Public Institutions: Cast 6,824,877 votes, with 109,597 votes against (1.61%).
• Public Non-Institutions: Cast 2,662,989 votes, with 5,591 votes against (0.21%).

The total votes cast against related party transaction approvals amounted to 115,188, representing 1.21% of the total votes polled by public shareholders. Despite this dissent, the resolutions passed comfortably given the majority support from institutional investors.

What the numbers show

The dividend payout of ₹1 per share represents a 20% return on the equity share's face value of ₹5. While the source does not disclose total net profit or revenue figures, the declaration of a dividend indicates sufficient distributable reserves and positive cash flow generation for FY26. The absence of auditor qualifications suggests clean financial reporting for the period.

A notable observation is the concentration of dissenting votes. While public non-institutional investors showed minimal resistance (0.21% against) to related party deals, institutional investors registered higher skepticism (1.61% against). This suggests that while retail sentiment remains largely aligned with management proposals, institutional stakeholders are exercising slightly more scrutiny on inter-corporate dealings, though not enough to block any resolution.

Marathon Nextgen Realty Limited will host a virtual meeting with institutional investors and analysts on September 30, 2026, from 9:00 am to 10:00 am. The session is scheduled as part of the Arihant Capital Rising Stars September 2026 conference.

The company informed stock exchanges that discussions during the meeting will be strictly based on publicly available information. This intimation is submitted pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting details

The event is structured as a group meeting conducted via virtual mode. The specific particulars for the session are outlined below:

Regulatory compliance

The company noted that changes to the schedule may occur due to exigencies on the part of participants or the company. The notice was signed by Yogesh Patole, Company Secretary and Compliance Officer, on September 24, 2026.