Nexus Select Trust has announced a board meeting scheduled for March 25, 2026, to consider approval for amendments to the Debenture Trust Deed under Regulation 50. This follows the recent rescheduling of the debenture holders meeting to March 23, 2026, due to insufficient quorum at the original March 16, 2026 meeting.

Board Meeting Details

The board meeting of Nexus Select Mall Management Private Limited, acting as manager to Nexus Select Trust, will be held on March 25, 2026. The meeting aims to consider approval by the Trust for amendments to rectify typographical errors in mortgage property descriptions.

Debenture Holders Meeting Timeline

The debenture holders meeting was initially called by IDBI Trusteeship Services Limited for March 16, 2026, but was adjourned due to lack of quorum. The meeting has been rescheduled to March 23, 2026, at 12:30 PM via audio-visual means.

Amendment Purpose and Scope

The proposed amendments target a typographical error in the description of mortgaged property, specifically regarding floors of office/IT park at Westend Mall, Pune. The amendments will cover the Debenture Trust Deed dated December 09, 2025, Trust's Key Information Document dated December 10, 2025, and other related transaction documents.

The trust emphasized that these amendments are purely for accuracy of disclosures and do not result in any changes to the terms of the debt instrument.

Debenture Specifications

The amendments concern rupee denominated, listed, rated, secured, transferable, redeemable, non-convertible debentures with an aggregate amount of up to INR 700 crores.

Regulatory Compliance

The intimation was filed under Regulation 50(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, with both NSE and BSE. Vijay Kumar Gupta, General Counsel, CS and Compliance Officer, signed the communication, maintaining the trust's commitment to transparent regulatory compliance and stakeholder communication.

Nexus Select Trust has notified stock exchanges regarding a settlement order received by its manager from the Securities and Exchange Board of India (SEBI) dated March 04, 2026. The communication was made pursuant to Regulation 23 of the REIT Regulations.

Settlement Order Details

The settlement order carries the reference number SO/AK/GN/2025-26/8623 and was issued to Nexus Select Mall Management Private Limited, which serves as the manager to Nexus Select Trust. The order addresses certain alleged violations of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014.

Regulatory Compliance and Impact

The settlement order effectively disposes of the adjudication proceedings that were initiated against the manager through a show cause notice dated June 11, 2025. This disposal occurs under section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations, following the payment of the settlement amount.

Nexus Select Trust has explicitly stated that there will be no material impact on the Trust's financial, operational, or other activities as a result of this settlement order. This clarification provides assurance to stakeholders regarding the Trust's continued operations.

Regulatory Framework

The intimation was made under Regulation 23 of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, along with applicable circulars and guidelines. This regulation requires REITs to inform exchanges about significant developments that could affect their operations or investor interests.

The communication was signed by Vijay Kumar Gupta, General Counsel, CS & Compliance Officer, on behalf of Nexus Select Trust through its manager, Nexus Select Mall Management Private Limited.