Nexus Select Trust has completed the allotment of commercial papers worth ₹200 crores following approval from its borrowing committee on February 06, 2026. The transaction represents a significant debt market activity by the trust, managed through Nexus Select Mall Management Private Limited.

Commercial Paper Details

The allotment consists of 4,000 units of commercial papers, each carrying a face value of ₹5,00,000. The papers are structured as listed, rated, redeemable, rupee-denominated instruments issued on a private placement basis in dematerialised form.

Regulatory Framework

The commercial papers have been issued under the terms and conditions specified in the applicable transaction documents, along with the Disclosure Document dated February 02, 2026. The borrowing committee's resolution was passed through circulation, demonstrating efficient decision-making processes within the trust's governance structure.

Market Listing

The commercial papers are proposed to be listed on the wholesale debt market segment of BSE Limited. This listing will provide institutional investors access to the instruments while maintaining the private placement structure of the issuance.

Corporate Governance

The allotment was formally communicated to both the National Stock Exchange of India Limited and BSE Limited through proper regulatory channels. Vijay Kumar Gupta, Company Secretary and Compliance Officer with membership number A14545, signed the regulatory filing on behalf of Nexus Select Trust through its manager, Nexus Select Mall Management Private Limited.

The trust operates under scrip symbol "NXST" with scrip code 543913, while maintaining separate scrip codes for its various debt instruments including NCDs and commercial papers.

Nexus Select Trust , India's first listed retail REIT, announced its financial results for the quarter ended December 31, 2025 (Q3 FY26), delivering the highest quarterly distribution since listing. The company declared a distribution of INR 3,586 million, equivalent to INR 2.367 per unit, representing an 8% year-on-year growth.

Strong Operational Performance Drives Growth

The quarter witnessed exceptional consumption growth with tenant sales reaching INR 41 billion, marking a 16% year-on-year increase. This robust performance was driven by strong growth across key categories including Beauty & Personal Care, Fashion, Jewellery, and Entertainment. The company's retail Net Operating Income (NOI) rose 15% YoY to INR 4.5 billion, reflecting the strength of its operational execution.

Strategic Acquisitions and Expansion

During the quarter, Nexus Select Trust completed the strategic acquisition of approximately 60,000 square feet of prime retail space across the Ground and First floors at Nexus Elante. This acquisition enables the activation of a prominent high-street frontage through the monetization of an underutilized courtyard area, while improving customer circulation and dwell time.

The company's recently acquired assets—Nexus Vega City and Nexus MBD Neopolis—continued to demonstrate strong momentum, delivering approximately 15% growth in tenant sales alongside positive footfall trends during Q3 FY26. The trust has built a robust acquisition pipeline of 11 assets across India, with four assets currently under due diligence.

Financial Strength and Debt Management

Nexus Select Trust achieved a significant milestone by becoming the first in the industry to raise a 10-year sustainability-linked bond of INR 7 billion with a floating rate tranche of INR 2 billion. The issuance was anchored by International Finance Corporation, a member of the World Bank Group, and will result in annual savings of INR 60 million. Post this issuance, the overall debt cost reduced by approximately 30 basis points to 7.2%.

Leadership Recognition and Future Outlook

The company was recognized as a "Regional Sector Leader – Retail Asia" by GRESB, highlighting its leadership in sustainability initiatives. Dalip Sehgal, Executive Director and Chief Executive Officer, emphasized that the company remains firmly on track to achieve its FY26 NOI and distribution guidance.

The Board of Directors declared that the record date for the Q3 FY26 distribution is February 05, 2026, with distribution to be paid on or before February 12, 2026. The trust's portfolio comprises 19 Grade-A urban consumption centres with a Gross Leasable Area of 10.7 million square feet spread across 15 cities in India, complemented by three hotel assets and three office assets.