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Marathon Nextgen Realty Limited Announces Postal Ballot Results

Mumbai, July 29, 2024 — Marathon Nextgen Realty Limited has announced the results of its recent postal ballot, held to seek shareholder approval for various resolutions. The results, as per the Scrutinizer's Report dated July 29, 2024, indicate that all resolutions have been passed with the requisite majority.

Key Resolutions Passed

Appointment of Directors:

• Kaivalya C Shah as Director and Whole-Time Director.
• Samyag M Shah as Director and Whole-Time Director.
• Devendra Shrimanker as Independent Director.

Financial Resolutions:

• Increase in Authorized Share Capital and amendment of Memorandum of Association.
• Approval for fund raising through issuance of equity shares and/or equity-linked securities.

Ratification of Remuneration:

• Ratification of remuneration paid to M/s. Manish Shukla & Associates, Cost Accountants for FY 2022-23.
• Ratification of remuneration payable to M/s. Manish Shukla & Associates, Cost Accountants for FY 2023-24.

Detailed Voting Results

Appointment of Kaivalya C Shah

• As Director:
  • Votes in Favor: 99.9799%
  • Votes Against: 0.0201%
• As Whole-Time Director:
  • Votes in Favor: 99.9704%
  • Votes Against: 0.0296%

Appointment of Samyag M Shah

• As Director:
  • Votes in Favor: 99.9799%
  • Votes Against: 0.0201%
• As Whole-Time Director:
  • Votes in Favor: 99.9704%
  • Votes Against: 0.0296%

Appointment of Devendra Shrimanker as Independent Director

• Votes in Favor: 99.9989%
• Votes Against: 0.0011%

Financial Resolutions

Increase in Authorized Share Capital

• Votes in Favor: 99.9989%
• Votes Against: 0.0011%

Fund Raising Approval

• Votes in Favor: 99.9989%
• Votes Against: 0.0011%

Ratification of Remuneration

FY 2022-23:

• Votes in Favor: 99.9989%
• Votes Against: 0.0011%

FY 2023-24: