Please find attached Monitoring Agency Report for the quarter ended June 2026

Date: August 7, 2026 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: Regulation 32(6) – Report of Monitoring Agency for the quarter ended June 30, 2026. Ref.: Funds raised through Qualified Institutional Placement (QIP). Dear Sir / Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 173A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report dated August 7, 2026 issued by India Ratings & Research Private Limited. This is for your information and record. Yours Truly, Marathon Nextgen Realty Limited Yogesh Patole Company Secretary and Compliance Officer M.No.:- A48777 Date: 7th August 2026 Marathon Nextgen Realty Limited. 702, Marathon Max, Mulund-Goregaon Link Road, Mulund(W), Mumbai, Maharashtra 400080 Subject: Monitoring Agency Report for the quarter ended 30th June 2026 in relation to Qualified Institutions Placement (QIP). Dear Sir, Pursuant to Regulation 173A (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated 23rd June 2025, please find enclosed herewith the Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of QIP, for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking You, For and on behalf of India Ratings & Research Private Limited Name: Shrikant Dev Designation: Company Secretary India Ratings & Research Private Limited A Fitch Group Company Wockhardt Towers, Level 4, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel: +91 22 4000 1700 Fax: +91 22 4000 1701 CIN/LLPIN: U67100MH1995FTC140049 www.indiaratings.co.in Report of the Monitoring Agency (MA) Name of the issuer: Marathon Nextgen Realty Limited For quarter ended: 30th June 2026 Name of the Monitoring Agency: India Ratings & Research Private Limited (a) Deviation from the objects: No deviation from the objects. Based on the Management undertaking and as per the Statutory Auditor Certificate dated 7th August 2026 issued by Rajendra & Co., Chartered Accountants (FRN – 108355W)* and other documents provided to us, no deviation from the objects has been observed. *The reference to the Statutory Auditor Certificate anywhere in the MA report refers to the said Certificate. (b) Range of Deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Shrikant Dev (Company Secretary) Date: 7th August 2026. Page 1 of 8 1) Issuer Details: Name of the issuer: Marathon Nextgen Realty Limited Names of the promoters:  Marathon Realty Private Limited  Chetan Ramniklal Shah  Mayur Ramniklal Shah  Shailaja Chetan Shah Industry/sector to which it belongs: Real Estate Developer 2) Issue Details: Issue Period: 23rd June 2025 to 30th June 2025 Type of issue (public/rights): Qualified Institutions Placement (QIP) Type of specified securities: 1,62,12,406 Equity Shares of FV ₹ 5 each @ ₹ 555.13 per Equity Share IPO Grading, if any: Not Applicable Issue size: INR 89,999.93 Lakhs 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments certifications considered by Comments of the of the Particulars Reply Monitoring Agency for Monitoring Agency Board of preparation of report Directors Management undertaking, Whether all utilization is as per Statutory Auditor Certificate, No the disclosures in the Offer Yes No Comments Placement Document, Comments Document? Relevant Bank Statements. Whether shareholder approval has been obtained in case of Management undertaking, No material deviations from NA No Comments Statutory Auditor Certificate Comments expenditures disclosed in the Offer Document? Whether the means of finance Management undertaking, No for the disclosed objects of the No Statutory Auditor Certificate No Comments Comments issue has changed? Is there any major deviation observed over the earlier No NA NA Comments monitoring agency reports? Page 2 of 8 Source of information / Comments certifications considered by Comments of the of the Particulars Reply Monitoring Agency for Monitoring Agency Board of preparation of report Directors As per management Whether all undertaking, requisite Government/Statutory approvals required for No Yes Management undertaking approvals related to the the current stage of Comments object(s) have been obtained? the projects have been obtained. Whether all arrangements pertaining to technical No NA Management undertaking No Comments assistance/collaboration are in Comments operation? Are there any favorable events improving the viability of these No Management undertaking No Comments Comments object(s)? Are there any unfavorable events affecting the viability of No Management undertaking No Comments Comments the object(s)? Is there any other relevant information that may materially No No Management undertaking No Comments affect the decision making of Comments the investors? Page 3 of 8 4) Details of object(s) to be monitored: i. Cost of object(s)- Source of Comments of the Board of information / Original Directors certifications cost considered (as per Particul by the Commen Propo ars of Monitoring Offer Revise ts of the Reason sed firm Agency for Document d Cost Monitori of financ arrang Sr. preparation ) (INR (INR ng Cost ing ements No. Item Head of report Lakhs) Lakhs) Agency revision option made Investment in Subsidiaries to fund 1 16,000.00 NA certain of their Ongoing Projects Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by our Company Management 2 34,000.00 NA and/or certai [Showing first 8,000 characters — download PDF for full document]