Marathon Nextgen Realty Promoter Enters Non-Disposal Undertaking Agreement with Piramal Trusteeship Services

Marathon Nextgen Realty Ltd. has clarified that one of its promoters, Marathon Realty Private Limited (MRPL), has entered into a Non-Disposal Undertaking (NDU) agreement with Piramal Trusteeship Services Private Limited. This arrangement is a part of MRPL's strategic financial planning and ensures that the shares cannot be disposed of during the term of the financial arrangement. MRPL has not pledged its shareholding and retains all rights, privileges, ownership, and control, including voting rights. The collateral for the loan is different and separate from these shares under NDU. The name of the lender was inadvertently mentioned as 'Anand Rathi Share and Stock Broking Limited' who are the Depository Participant for 'Piramal Trusteeship Services Private Limited'. This arrangement is purely contractual in nature and the Lender cannot sell these shares on their own, regardless of stock price fluctuations. All rights related to these shares remain exclusively with MRPL.