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 formally announced its decision to exercise the call option on its Non-Convertible Debentures (NCDs) worth ₹700 crore. The trust communicated this decision through an official notice dated December 10, 2025, to BSE Limited and relevant stakeholders.

Debenture Redemption Details

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

Redemption Amount Structure

Each debenture will be redeemed at a total amount of ₹1,01,658.14, which includes both the principal and accrued interest components. The redemption amount breakdown demonstrates the trust's commitment to honoring its obligations to debenture holders.

Stakeholder Communication

The trust issued comprehensive notices to all relevant parties, including the debenture trustee Catalyst Trusteeship Limited and multiple debenture holders. The debenture holders include prominent 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
• Invesco India funds
• Axis Mutual Fund schemes
• Mahindra Manulife funds
• HDFC Life Insurance Company Limited
• SBI Magnum Children's Benefit Fund

Regulatory Compliance

The call option exercise follows proper regulatory procedures, with formal intimation provided to BSE Limited's Corporate Relations Department. The trust referenced a previous Call Option Notice-1 dated November 24, 2025, indicating a structured approach to the redemption process. All payments required under the call option will be completed on the specified redemption date of December 16, 2025.

The transaction represents a significant corporate action by Nexus Select Trust, managed through Nexus Select Mall Management Private Limited, demonstrating active debt management and adherence to debenture terms and conditions.