Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
On March 4, 2026, Nexus Select Trust informed the exchanges that its Manager, Nexus Select Mall Management Private Limited, received a Settlement Order from SEBI in connection with a settlement application filed for certain alleged violations of the REIT Regulations. This follows a show cause notice issued by SEBI on June 11, 2025, which had triggered adjudication proceedings against the Manager. Upon payment of the settlement amount, the adjudication proceedings stand disposed of under Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations. The full Settlement Order is available on the SEBI website for reference. Importantly, the Trust has explicitly stated that there is no material impact on its financial, operational, or other activities as a result of this order.
The company has stated there is no material financial or operational impact, so the immediate effect on unit holders or unit price is likely limited. However, the SEBI settlement relating to alleged regulatory violations may carry minor reputational considerations worth monitoring.