Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has informed exchanges that its Manager, Nexus Select Mall Management Private Limited, received a SEBI show-cause notice dated June 11, 2025. The notice relates to alleged non-compliance with REIT Regulations — specifically, failure to maintain the minimum required net worth as on March 31, 2024, and failure to inform SEBI about it. The Manager stated that the net worth shortfall was due to a one-time event in FY24 and was corrected by July 31, 2024, and has remained above the required level since then. The Manager will respond to the notice based on legal advice. The Trust has stated there is no material impact on its financial or operational activities.
This is a regulatory notice rather than a confirmed penalty, so near-term impact on the stock may be limited. However, the outcome of the show-cause response could lead to penalties or further regulatory action, which investors should monitor.