Nexus Select Trust has completed the allotment of non-convertible debentures (NCDs) worth ₹700.00 crores through a resolution passed by its Borrowing Committee. The allotment was executed through the trust's manager, Nexus Select Mall Management Private Limited, following prior board approval.

NCD Allotment Details

The allotment comprises two distinct tranches under Series IV, both featuring listed, rated, secured, transferable, and redeemable rupee-denominated non-convertible debentures issued on a private placement basis.

Regulatory Framework and Approval Process

The NCD issuance falls under the broader approval framework established by the Board members. The original approval encompassed the issuance of listed, rated, secured, transferable, redeemable Non-Convertible Debentures for a principal aggregate amount of up to ₹700.00 crores in one or more transactions, series, or tranches in dematerialized form on a private placement basis.

The Borrowing Committee of Nexus Select Mall Management Private Limited, acting as manager to the trust, exercised its authority through resolution by circulation to approve the specific allotment parameters.

Listing and Documentation

Both tranches are proposed to be listed on BSE Limited, providing investors with secondary market liquidity options. The allotment follows the terms and conditions outlined in the Key Information Document, which serves as the primary reference document for investors.

The trust operates through its manager, Nexus Select Mall Management Private Limited, which is registered at Embassy 247, Unit No. 501, B Wing LBS Marg, Vikhroli (West), Mumbai City MH-400083, with CIN: U70109MH2021PTC363065.

Nexus Select Trust has successfully completed the redemption of its Non-Convertible Debentures (NCDs) worth ₹700.00 crore following the exercise of call option on December 16, 2025. The trust confirmed completion of all required payments to debenture holders and submitted the mandatory regulatory report under SEBI regulations.

Debenture Redemption Details

The trust redeemed 70,000 Series I Tranche A Debentures in full on December 16, 2025, as scheduled. These debentures carry the ISIN INEONDH07019 and scrip code 974908 on BSE. The redemption was executed according to the terms outlined in the Debenture Trust Deed executed on June 14, 2023, between the trust and Catalyst Trusteeship Limited as the debenture trustee.

Payment Structure

Each debenture was redeemed at ₹1,01,658.14, comprising both principal and accrued interest components.

Regulatory Compliance

Nexus Select Trust submitted the mandatory report under Regulation 15(9) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, and Regulation 57 of SEBI LODR Regulations. The report confirmed that interest payment and redemption payment were made as scheduled, with the last interest payment date being September 30, 2025.

Stakeholder Communication

The trust had previously issued notices to all relevant parties, including debenture trustee Catalyst Trusteeship Limited and multiple debenture holders comprising financial institutions and mutual funds such as Aditya Birla Sun Life Trustee Private Limited, DSP Low Duration Fund, ICICI Prudential Short Term Fund, HDFC Bank Limited Custody Operations, and other institutional investors.

The successful completion of this ₹700.00 crore debenture redemption demonstrates Nexus Select Trust's commitment to honoring its debt obligations. The transaction was managed through Nexus Select Mall Management Private Limited, with Vijay Kumar Gupta, General Counsel and CS Compliance Officer, overseeing the regulatory compliance aspects.