Nexus Select Trust has notified stock exchanges regarding a settlement order received by its manager from the Securities and Exchange Board of India (SEBI) dated March 04, 2026. The communication was made pursuant to Regulation 23 of the REIT Regulations.

Settlement Order Details

The settlement order carries the reference number SO/AK/GN/2025-26/8623 and was issued to Nexus Select Mall Management Private Limited, which serves as the manager to Nexus Select Trust. The order addresses certain alleged violations of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014.

Regulatory Compliance and Impact

The settlement order effectively disposes of the adjudication proceedings that were initiated against the manager through a show cause notice dated June 11, 2025. This disposal occurs under section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations, following the payment of the settlement amount.

Nexus Select Trust has explicitly stated that there will be no material impact on the Trust's financial, operational, or other activities as a result of this settlement order. This clarification provides assurance to stakeholders regarding the Trust's continued operations.

Regulatory Framework

The intimation was made under Regulation 23 of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, along with applicable circulars and guidelines. This regulation requires REITs to inform exchanges about significant developments that could affect their operations or investor interests.

The communication was signed by Vijay Kumar Gupta, General Counsel, CS & Compliance Officer, on behalf of Nexus Select Trust through its manager, Nexus Select Mall Management Private Limited.

Nexus Select Trust has successfully completed the redemption of Commercial Papers worth ₹225 crore on March 02, 2026. The redemption was executed in compliance with SEBI Master Circular Number SEBI/HO/DDHS/DDHS-PoD1/P/CIR/2025/0000000103 dated July 11, 2025, and was communicated to BSE Limited through an official intimation.

Redemption Details

The trust redeemed Commercial Papers through full redemption at maturity, with no partial redemption involved. The redemption covered 4,500 Commercial Papers with ISIN INE0NDH14122, completely clearing the outstanding amount.

Timeline and Payment Status

The Commercial Papers were originally scheduled to mature on March 03, 2026. However, due to March 03, 2026 being a public holiday in the State of Maharashtra, the redemption was processed one day earlier on March 02, 2026.

Regulatory Compliance

The redemption was conducted in full compliance with SEBI regulations, specifically adhering to the Master Circular issued in July 2025. The trust confirmed that the redemption payment was made successfully, with no delays or non-payment issues reported.

The intimation was signed by Vijay Kumar Gupta, General Counsel, CS & Compliance Officer (Membership No. A14545), acting on behalf of Nexus Select Trust through its Manager, Nexus Select Mall Management Private Limited. The document was digitally signed on March 02, 2026, at 14:38:39 +05'30', confirming the completion of the redemption process.