Please find attached Transcript of Q1 FY27 Earnings Conference Call held on August 10, 2026.

Date: August 14, 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 Symbol: MARATHON Sub: Transcript of Q1 FY27 - Earnings Conference Call Pursuant to Regulation 30 and Regulation 46(2) (oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of Q1 FY27 Earnings Conference Call held on August 10, 2026 at 12:30 p.m onwards (IST). The Transcript is also available on the Company’s website at https://marathon.in/nextgen/ Kindly take the same on record. Yours Truly, For Marathon Nextgen Realty Limited, Yogesh Patole Company Secretary and Compliance Officer M.No.:- A48777 “Marathon Nextgen Realty Limited Q1 FY27 Earnings Conference Call” August 10, 2026 “E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on August 10, 2026 will prevail.” MANAGEMENT: MR. CHETAN SHAH – CHAIRMAN AND MANAGING DIRECTOR MR. MAYUR SHAH – VICE-CHAIRMAN MR. KAIVALYA SHAH – DIRECTOR MR. SAMYAG SHAH – DIRECTOR MR. PARMEET SHAH – DIRECTOR MR. SUYASH BHISE – CHIEF FINANCIAL OFFICER SGA-INVESTOR RELATIONS ADVISOR Page 1 of 9 Marathon Nextgen Realty Limited August 10, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call hosted by Marathon Nextgen Realty Limited. As a reminder, all participant lines will be in the listen- only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Chetan Shah, Chairman and Managing Director from Marathon Nextgen Realty Limited. Thank you, and over to you, sir. Chetan Shah: Good afternoon, everyone, and thank you for joining us for Marathon Nextgen Realty Limited Quarter 1 FY27 Earnings Call. I'm Chetan Shah, Chairman and Managing Director of Marathon Nextgen Realty Limited. I'm joined here today by Mr. Mayur Shah, Vice Chairman; and Directors and Promoter Group, Kaivalya, Samyag and Parmeet. We also have our Group CFO, Suyash Bhise, present here. We have uploaded our Q1 financial results on the stock exchange and on our website. I hope everyone has had the opportunity to review them before this call. Ladies and gentlemen, we have started FY27 on a good note with the total income for the quarter standing at INR 217 crores, which is a multi-quarter high, while EBITDA stood at INR 66 crores and profit after tax at INR 52 crores. We continue to maintain healthy profitability while making steady progress on execution across our development portfolio. Friends, this quarter reflects the strength of our diversified portfolio with contributions from premium residential, affordable housing and commercial segments, supported by a strong balance sheet and growing development pipeline. During the quarter, on our existing portfolio, we sold approximately 38,000 square feet with a booking value of INR 86 crores and collection of INR 118 crores. This is considering MNRL's 40% stake in Monte South project and not 100%. Including the merged portfolio, areas sold stood at 46,000 square feet. Booking value was INR 108 crores and collections were INR 146 crores. Let me briefly touch upon some of the key project level developments. Friends, our Monte South project, our joint venture project with 4 residential 65-story towers and commercial towers, Monte South is located at Byculla and continue to see healthy customer interest with approximately 35,000 square feet sold during the quarter, generating a booking value of INR 125 crores and collection of INR 140 crores. The sustained sales momentum at Monte South is particularly encouraging as we continue to see robust demand for well-located premium residential developments. We also benefit from having ready-to-move inventory in our tower A and B, which we sell at a premium. As we have seen over the past several quarters, the project has demonstrated consistent sales velocity, giving us confidence in the underlying demand. On execution, Tower A, as you already know, we have received occupation certificate, while Tower B has achieved RCC completion up to 65th floor tariff, and it is also having part occupation certificate up to 45th floor. The occupation certificate for remaining part up to 65th Page 2 of 9 Marathon Nextgen Realty Limited August 10, 2026 floor is expected during this financial year. Tower C has also progressed rapidly with RCC work completed up to 28th floor. Coming to our next project, Marathon Nexzone, our 25-acre, 19 towers development in Panvel, we sold 14,000 square feet during the quarter, with a booking value of INR 17 crores and collection of INR43 crores. Importantly, we achieved full occupation certificate for the Cedar and Daffodil Towers, enabling customer handovers and supporting collections. The project is well placed to benefit from the continued transformation of the Panvel micro market. The Navi Mumbai International Airport is now operational. Atal Setu has significantly improved connectivity and the broader Panvel-Karjat corridor is progressing, with the deadline being December 2026. With this, the peripheral areas of Panvel, which were connected by road will now be connected by Mumbai local trains as well. We believe these infrastructure developments are strengthening Panvel's position as an important growth corridor within the MMR and redefining the city center. Coming to our Bhandup projects. Our Bhandup portfolio is progressing as per schedule. NeoPark and NeoSquare together contributed 8,000 square feet of sales, with a booking value of INR 14 crores and collection of INR 9 crores. NeoSquare, as you know, has already received its occupation certificate, while construction at NeoValley and NeoPark continues as planned. The underlying market outlook for Bhandup is encouraging. The micro market is benefiting from improving connectivity. In June this year, more than 350 slum-dwelling families were rehoused by the government to pave the way for the construction of the Goregaon-Mulund Link Road (GMLR). The Project’s twin tunnels have started for connection of Goregaon and Mulund. The GMLR will further strengthen connectivity between the Eastern and Western suburbs. Friends, Marathon's commercial portfolio. At Marathon Futurex on a combined basis, including the post-merger position, we sold approximately 4,000 square feet during the quarter with a booking value of INR 19 crores and collection of INR 23 crores. Millennium sold over 1,000 square feet with a booking value of INR 3 crores and collection of INR 1 crore. Futurex, as you know, has already received its occupation certificate, while construction at Millennium continues as planned. Our commercial portfolio remains an important part of the overall platform. We continue to be well positioned through established assets such as Futurex and Millennium. At Futurex, we continue to see strong demand across both leasing as well as outright sales with limited supply of comparable quality space. Friends, with the recently planned Monte South commercial being 5 minutes' drive from Futurex, it gives us good confidence to launch this commercial project in the vicinity by leveraging our existing relationships and capitalizing on the limited supply of commercial grade A space in the vicinity. As we look beyond the current quarter performance, we have significant value as well as a visible pipeline of future development. Our upcoming projects are as follows: Monte South Commercial with an estimated GDV of INR 3,400 crores, Monte South Residential Tower D with an Page 3 of 9 Marathon Nextgen Realty Limited August 10, 2026 estimated GDV of INR 1,600 crores, and in Bhandup, Marathon Neo Series represents [Showing first 8,000 characters — download PDF for full document]