Marathon Nextgen Realty submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the Bombay Stock Exchange and the National Stock Exchange on September 4, 2026. The filing covers standalone disclosures regarding environmental, social, and governance (ESG) performance in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations.

The report details the company's operational footprint, workforce metrics, and sustainability initiatives across its real estate development activities in the Mumbai Metropolitan Region.

Governance and Stakeholder Engagement

Marathon Nextgen Realty reported that its policies cover all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). The Board of Directors approved these policies, which are available on the company's website. A CSR Committee and a Risk Management Committee oversee sustainability-related issues and ESG risks respectively.

The company identified key stakeholder groups including customers, employees, shareholders, government authorities, suppliers, communities, and NGOs. Engagement channels include emails, meetings, statutory filings, and CSR initiatives. No complaints regarding conflict of interest involving directors or key managerial personnel were received during the reporting period.

Workforce and Safety Metrics

As of the end of FY26, the company employed 81 permanent staff members, comprising 65 males and 16 females. The total turnover rate for permanent employees stood at 8.64%, down from 13.74% in FY25 and 16.00% in FY24. Women representation on the Board of Directors was 20%, with two female directors out of ten total members.

The company recorded zero lost-time injuries, fatalities, or high-consequence work-related injuries for both employees and workers during FY26. An Occupational Health and Safety Management System is implemented across all offices and project sites, supported by a Hazard Identification and Risk Assessment process. All 81 permanent employees were covered by health insurance, accident insurance, and provident fund schemes.

Environmental Performance

Total energy consumption from non-renewable sources was 6,82,97,785.69 MJ in FY26, compared to 6,64,87,943.66 MJ in FY25. Energy intensity per rupee of turnover increased to 0.038634 MJ/₹ from 0.027 MJ/₹ in the previous year, driven by lower turnover rather than higher consumption.

Greenhouse gas emissions totaled 13,774.79 metric tons of CO₂ equivalent, comprising Scope 1 emissions of 332.61 metric tons and Scope 2 emissions of 13,442.18 metric tons. This compares to total emissions of 13,558.94 metric tons in FY25. Water withdrawal from third-party sources remained stable at 863.12 kilolitres.

Total waste generated was 4,943.19 metric tons, primarily consisting of construction and demolition waste (4,935.63 metric tons). The company adopted waste management practices including segregation at source and engagement of authorized vendors for disposal.

What the Numbers Show

The increase in energy intensity per rupee of turnover to 0.038634 MJ/₹ from 0.027 MJ/₹ indicates a divergence between operational efficiency and revenue generation. While total energy consumption rose marginally, the significant jump in intensity metrics suggests that revenue realization slowed relative to fixed energy inputs during the reporting period. Similarly, water intensity per rupee of turnover rose to 0.000000098 KL/₹ from 0.000000072 KL/₹, reinforcing the pattern of lower turnover against stable resource consumption.

Marathon Nextgen Realty has scheduled its 49th Annual General Meeting (AGM) for Monday, September 28, 2026, at 12:00 noon (IST), to be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

AGM details and participation

The AGM will be convened in compliance with applicable provisions of the Companies Act, 2013, and rules made thereunder, read with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). The deemed venue for the meeting shall be the company's registered office at Marathon Futurex, N.M. Joshi Marg, Lower Parel (West), Mumbai.

Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Notice of the 49th AGM and the Annual Report for FY26 are being sent through electronic mode to all members whose email addresses are registered with the company, Registrar and Share Transfer Agent, or Depository Participant(s). Physical copies will be dispatched only to members who request them at cs@marathonrealty.com . A letter providing a web-link is also being sent to shareholders whose e-mail addresses are not registered.

Final dividend recommended for FY26

The Board of Directors, at its meeting held on May 27, 2026, recommended a final dividend of ₹1.00 per fully paid-up equity share of face value ₹5 each, representing 20% of the paid-up value, for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the ensuing AGM. If declared, it will be paid to shareholders whose names appear in the Register of Members as on the record date, Friday, September 18, 2026.

Remote e-voting schedule and cut-off date

Marathon Nextgen Realty has engaged NSDL to provide the remote e-voting facility. The key dates for e-voting are as follows:

Members holding shares in physical or dematerialised form as on the cut-off date, Tuesday, September 22, 2026, are eligible to cast their vote through remote e-voting. Members who have cast their vote through remote e-voting prior to the AGM may attend the meeting but shall not be entitled to cast their vote again. E-voting will also be available during the AGM for members who have not exercised their remote e-voting option.

Access to AGM notice and annual report

The AGM Notice and Annual Report for FY26 are available on the company's website at https://marathon.in/nextgen/ , as well as on the websites of BSE Limited and NSE Limited. The NSDL website at www.evoting.nsdl.com also hosts the remote e-voting facility. Members with queries on e-voting may contact NSDL at 022-4886 7000 or 022-2499 7000, or write to evoting@nsdl.co.in .