Nexus Select Trust unitholders approve FY26 financials and valuation report
Nexus Select Trust completed its Fourth Annual Meeting on July 29, 2026, with 43.40% voting power participation. Unitholders approved FY26 financials, an unmodified audit report, and asset valuations by iVAS Partners. The meeting also appointed new valuers and industry assessment providers for upcoming fiscal years.
*this image is generated using AI for illustrative purposes only.
nexus select trust reit held its Fourth Annual Meeting of Unitholders on July 29, 2026, securing approval for its financial statements and asset valuation reports for the fiscal year ended March 31, 2026. The meeting, conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM), saw participation from 42 unitholders representing 65,75,23,083 units, which accounted for 43.40% of the trust’s total voting power. The proceedings were compliant with Chapter 9 of SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025.
The meeting commenced at 02:00 P.M. IST from the deemed venue at Embassy 247 in Mumbai and concluded at 02:47 P.M. IST, excluding a 15-minute window for post-meeting e-voting. Arjun Sharma, Vice-Chairman and Non-Executive Non-Independent Unitholder Nominee Director, chaired the session in the absence of Chairman Asheesh Mohta, who had requested leave due to prior commitments. The requisite quorum was present throughout the duration of the meeting.
Unitholders approved three key resolutions during the proceedings. First, they adopted the audited standalone and consolidated financial statements of Nexus Select Trust for the financial year ended March 31, 2026, along with the auditor’s report and the annual performance report. Second, the unitholders approved the valuation report issued by iVAS Partners, represented by Partner Arvindkumar C, for the valuation of assets under the trust as of March 31, 2026. Third, the meeting approved the appointment of Ms. Lopamudra Bidwata Panda as the valuer and Savills Property Services (India) Private Limited as the industry assessment services provider for the financial years 2026-27 and 2027-28, including their respective fees.
Dalip Sehgal, Chief Executive Officer of the Manager, Nexus Select Mall Management Private Limited, provided an update on the trust’s performance and current affairs during the fiscal year ended March 31, 2026. He detailed leasing and marketing performance metrics and outlined the acquisition strategy. Vijay Kumar Gupta, General Counsel, CS & Compliance Officer, informed participants that the statutory audit report for the year was unmodified and free of any qualifications, observations, or comments, thereby waiving the need to read it aloud during the meeting.
Key Attendees
The following directors and key managerial personnel of the Manager attended the meeting:
| Name | Designation | Location |
|---|---|---|
| Arjun Sharma | Vice-Chairman, Non-Executive Non-Independent Director | New Delhi |
| Siddharth Nawal | Non-Executive Non-Independent Director | Mumbai |
| Dalip Sehgal | Chief Executive Officer, Executive Director | Mumbai |
| Sadashiv Rao | Non-Executive Independent Director | Coimbatore |
| Alpana Parida | Non-Executive Independent Director | Mumbai |
| Jayesh Merchant | Non-Executive Independent Director | Mumbai |
| Michael Holland | Non-Executive Independent Director | Milan |
| Rajesh Deo | Chief Financial Officer | Mumbai |
| Vijay Kumar Gupta | General Counsel, CS & Compliance Officer | Mumbai |
Governance and Compliance
The meeting was scrutinized by Rupal Jhaveri & Associates, Practicing Company Secretary, to ensure fair and transparent voting procedures. Kfin Technologies Limited hosted the electronic meeting and e-voting facility. Remote e-voting was open from July 25, 2026, at 09:00 a.m. IST until July 28, 2026, at 05:00 p.m. IST. The results of the annual meeting were scheduled to be announced on or before July 31, 2026.
Historical Stock Returns for Nexus Select Trust REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.39% | +0.01% | +2.94% | +6.40% | +13.08% | +61.00% |
How will the approved acquisition strategy outlined by CEO Dalip Sehgal impact Nexus Select Trust's occupancy rates and rental yields in the upcoming fiscal years?
What are the projected implications of the asset valuation report by iVAS Partners on the trust's Net Asset Value (NAV) per unit and potential dividend payouts?
How might the appointment of Savills as the industry assessment services provider influence the trust's approach to property management and tenant retention strategies?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
