Nexus Select Trust 's board of directors convened on March 25, 2026, to address critical amendments to its debenture trust deed and regulatory compliance matters. The meeting, which lasted from 14.32 Hrs IST to 16.26 Hrs IST, resulted in significant approvals related to the trust's INR 700 crore non-convertible debentures program.

Board Resolutions and Approvals

The board meeting of Nexus Select Mall Management Private Limited, acting as manager to Nexus Select Trust, approved two primary resolutions under SEBI regulations. The decisions were made in compliance with Regulation 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 23(5) of SEBI (Real Estate Investment Trusts) Regulations, 2014.

Debenture Trust Deed Amendment Details

The board sanctioned amendments to the Debenture Trust Deed dated December 09, 2025, entered into between Nexus Select Trust and IDBI Trusteeship Services Limited as the debenture trustee. The amendment specifically addresses a typographical error in the description of mortgaged property at Westend Mall, Pune, where floors of the office/IT park were mentioned incorrectly.

Regulatory Compliance and Stock Exchange Application

The board also approved filing an application with the stock exchange for in-principle approval under Regulation 59(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This application represents part of the trust's ongoing compliance with regulatory requirements and commitment to maintaining transparency with stakeholders.

Impact and Clarifications

The trust emphasized that the proposed amendment is undertaken solely to ensure accuracy of disclosures and does not result in any changes to the terms of the debt instrument. This clarification is significant for debenture holders and investors, as it confirms that the fundamental structure and conditions of the INR 700 crore debenture program remain unchanged.

Meeting Documentation and Disclosure

The meeting outcome has been formally communicated to both the National Stock Exchange of India Limited and BSE Limited, with relevant scrip codes and symbols properly referenced. The information is also being made available on the trust's official website at www.nexusselecttrust.com , ensuring comprehensive disclosure to all stakeholders. The documentation was signed by Vijay Kumar Gupta, General Counsel, CS and Compliance Officer, with membership number A14545.

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.