Marathon Nextgen Realty Ltd — Capital/Financing Update 2025

Jul 4, 2025

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Date: July 4, 2025

To BSE Limited, Listing Department, P.J. Towers, Dalal Street, Mumbai – 400001.

BSE Limited, NSE Limited, Listing Department, Listing Department, P.J. Towers, Dalal Street, Exchange Plaza, Plot No. C/1, G Block, Mumbai – 400001. BKC, Bandra (East), Mumbai – 400051. Scrip Code: 503101 NSE symbol: MARATHON

Sub: Marathon Nextgen Realty Limited successfully raises ₹900 Crores through Qualified Institutions Placement

Dear Sir/Madam,

We are pleased to share that Marathon Nextgen Realty Limited (“Company”) has successfully raised ₹900 Crores from Qualified Institutional Buyers by way of issuance of Equity Shares through Qualified Institutions Placement in accordance with SEBI (ICDR) Regulations, 2018. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Press release.

The copy of Press Release shall be uploaded on the Company's website viz., https://www.marathon.in/nextgen

This is for your information and record.

Yours Truly,

Marathon Nextgen Realty Limited YOGESH Digitally signed by ASHOK YOGESH ASHOK PATOLE Date: 2025.07.04 10:59:17 PATOLE +05'30' Yogesh Patole Company Secretary and Compliance officer M.No.:- A48777

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BSE: 503101 | NSE: MARATHON | ISIN: INE182D01020 | SECTOR: REAL ESTATE

Press Release

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Marathon Nextgen Realty Raises Rs. 900 Crore Through Qualified Ins�tu�ons Placement

Overwhelming Response from Premier Domes�c and Interna�onal Ins�tu�onal Investors Validates Company's Growth Strategy

Mumbai, July 4, 2025 – Marathon Nextgen Realty Ltd (BSE: 503101, NSE: MARATHON) ("MNRL"), one of Mumbai's leading real estate development companies, has successfully completed a Qualified Ins�tu�ons Placement (QIP), raising Rs. 900 crore (US$ 105 million).

The QIP proceeds will primarily be used as growth capital, enabling the company to expand its development pipeline and invest in high-poten�al opportuni�es across the Mumbai Metropolitan Region. This capital infusion will further strengthen the company’s financial founda�on with its net debt-to-equity ra�o expected to reduce further from the current 0.46 following the planned debt reduc�on.

The QIP was executed through the issuance of 1,62,12,406 equity shares at ₹555.13 per share (face value ₹5 each). The offering, which closed on June 30, 2025, a�racted strong par�cipa�on from leading ins�tu�onal investors including Quant Mutual Fund, Kotak Alternate Asset Managers, and Samco Mutual Fund, among others .

(FII) holding increasing to 9.9% and Domes�c Ins�tu�onal Investor (DII) holding rising to 16.66% postissue.

Management Commentary

Mr. Chetan Shah, CMD of MNRL, said, "This successful capital raise of Rs. 900 crore represents a decisive vote of confidence from marquee ins�tu�onal investors in our strategic vision and execu�on capabili�es. The Indian real estate sector is witnessing unprecedented momentum crea�ng substan�al opportuni�es for well-posi�oned players like MNRL. Our demonstrated track record of delivering projects on �me, coupled with our strategic land bank and robust project pipeline, posi�ons us excep�onally well to capitalize on this sector upswing.

Addi�onally, our recently approved amalgama�on scheme—bringing promoter group en��es and their assets under the MNRL—will consolidate our land bank, projects and inventory, crea�ng an efficient opera�ng structure with be�er corporate governance. We are at a strategic inflec�on point, equipped with the right capital, a robust asset base, and a clear long-term vision to drive the next phase of MNRL's evolu�on."

Use of Proceeds

The proceeds from the QIP will be u�lized strategically across the following areas:

Strategic Priority	Alloca�on	Percentage
Debt Reduc�on	₹340 crore	38%
Land Acquisi�on and development rights	₹300 crore	33%
Fund on-going projects	₹160 crore	18%
General Corporate Purposes	₹100 crore	11%

BSE: 503101 | NSE: MARATHON | ISIN: INE182D01020 | SECTOR: REAL ESTATE

Press Release

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Dis�nguished Investor Par�cipa�on

The QIP saw par�cipa�on from a pres�gious group of domes�c and interna�onal ins�tu�onal investors, including:

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Domes�c Ins�tu�onal Investors: Foreign Ins�tu�onal Investors:
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Domes�c Ins�tu�onal Investors: Foreign Ins�tu�onal Investors:	Domes�c Ins�tu�onal Investors: Foreign Ins�tu�onal Investors:
 Quant Mutual Fund  Samco Mutual Fund  Kotak Alternate Asset Managers  SageOne Investment Managers  Buoyant Capital  Brescon Opportuni�es Fund	 Maybank Securi�es  Morgan Stanley Asia  Ci�group Global Markets  Nomura Singapore Limited  North Star Opportuni�es Fund  Zeta Global Funds  Eminence Global Fund PCC  Necta Bloom VCC

The complete Placement Document is available for detailed informa�on

About Marathon Group

For over 53 years now, Marathon Group has been helping shape Mumbai’s skyline. Founded in 1969 by Ramniklal Zaverbhai Shah, the Group has completed over 100 projects in the city with a por�olio encompassing townships, affordable housing, luxury residen�al, retail, small business spaces, and corporate parks. Marathon is design-driven and engineering-focused with a leadership team comprising of technocrats. Mr. Chetan Shah, Chairman & Mr. Mayur Shah, Vice-Chairman, have completed their engineering from US and the third genera�on of the company comprising of the three heads of projects – Mr. Kaivalya Shah, Mr. Parmeet Shah, and Mr. Samyag Shah are highly qualified having completed their educa�on from US and bring decades of real estate experience. Marathon has strong in-house capabili�es in design, engineering, execu�on, marke�ng, and sales, and prides itself on its transparency and customercentricity. The Group has ongoing projects and land banks at Lower Parel, Byculla, Mulund, Bhandup, Thane, Dombivli and Panvel. More informa�on is available at h�ps://www.marathon.in/nextgen

For further informa�on, please contact:

Mr. Avinash Tanawade Investor rela�ons P:+91 22 6724 8484 E:avinash.tanawade@marathonrealty.com		Kanav Khanna/Nachiket Kale Associate Vice President/Senior Associate EY LLP Email:kanav.khanna@in.ey.com; nachiket.kale@in.ey.com; M: +91 9910036240/ 9920940808

Disclaimer

Some of the statements in this communica�on may be ‘forward-looking statements within the meaning of applicable laws and regula�ons. Actual results might differ substan�ally from those expressed or implied. Important developments that could affect the company’s opera�ons include changes in the industry structure, significant changes in the poli�cal and economic environment in India and overseas, tax laws, du�es, li�ga�on, and labour rela�ons.