
Marathon Nextgen Realty Schedules NCLT Meeting for Amalgamation Scheme
Marathon Nextgen Realty Limited has announced the NCLT-convened meetings for its equity shareholders and unsecured creditors. These meetings, scheduled for September 7, 2026, will approve a Composite Scheme of Amalgamation and Arrangement. The scheme involves multiple entities including Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, and others, with Marathon Nextgen Realty Limited acting as the Resulting Company 1. The meetings will be conducted via Video Conferencing/Other Audio Visual Means, with remote e-voting available from September 4 to September 6, 2026. This corporate action is a significant step towards restructuring the group's entities.
Key Highlights
- NCLT convened meetings for shareholders and creditors on September 7, 2026.
- Purpose is to approve a Composite Scheme of Amalgamation and Arrangement.
- Multiple transferor and demerged companies involved in the scheme.
- Meetings to be held via Video Conferencing/Other Audio Visual Means.
- Remote e-voting window from September 4 to September 6, 2026.
Price Impact
More from MARATHON