Nexus Select Trust has announced the successful redemption of Commercial Papers worth ₹150 crore on March 23, 2026, in compliance with SEBI Master Circular Number SEBI/HO/DDHS/DDHS-PoD1/P/CIR/2025/0000000103 dated July 11, 2025. The redemption was communicated to BSE Limited through an official intimation from the trust's management.

Redemption Details

The Commercial Paper redemption was executed as a full maturity-based settlement, with no partial redemption involved. The trust redeemed 3,000 Commercial Papers under the ISIN INE0NDH14130, with both the due date and actual redemption date falling on March 23, 2026.

Compliance and Documentation

The redemption was processed in full compliance with regulatory requirements, with the trust confirming that the redemption payment was made successfully. No interest payments were applicable for this Commercial Paper issue, as indicated in the regulatory filing. The trust operates through its manager, Nexus Select Mall Management Private Limited, with Vijay Kumar Gupta serving as General Counsel, CS & Compliance Officer.

Financial Impact

With the complete redemption of these Commercial Papers, Nexus Select Trust has no outstanding amount remaining from this particular issue. The successful redemption on the scheduled maturity date demonstrates the trust's commitment to meeting its debt obligations in a timely manner. The redemption was executed without any delays or complications, with the actual redemption date matching the originally scheduled due date.

The Commercial Papers carried the scrip code 731033 on BSE, while the trust itself trades under the script symbol "NXST" with scrip code 543913. This redemption represents the complete settlement of the trust's obligations under this specific Commercial Paper program.

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.