Residential- Commercial Projects
Joint Ventures31 March 2026 at 08:02 am

Marathon Nextgen Realty Ltd Receives 'No Adverse Observations' from NSE for Scheme of Amalgamation and Arrangement

AI Summary

Marathon Nextgen Realty Ltd has received an Observation Letter dated March 30, 2026 from the National Stock Exchange of India Limited (NSE) with 'no adverse observations' in respect to the Scheme of Amalgamation and Arrangement. The Scheme is subject to the approval of the shareholders/creditors of the respective companies involved in the Scheme and other statutory and regulatory approvals. The Observation Letter from NSE will be made available on the company's website. The scheme includes Marathon Nextgen Realty Limited, 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 and their respective shareholders and creditors.

Key Highlights

  • Marathon Nextgen Realty Ltd has received 'no adverse observations' from NSE for the Scheme of Amalgamation and Arrangement.
  • The Scheme is subject to the approval of the shareholders/creditors of the respective companies involved in the Scheme and other statutory and regulatory approvals.
  • The Observation Letter from NSE will be made available on the company's website.
  • The scheme includes Marathon Nextgen Realty Limited, 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 and their respective shareholders and creditors.