Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has informed the stock exchanges about changes to the board of Nexus Select Mall Management Private Limited, which is the Manager to the Trust. Mr. Tuhin Parikh ceased to be a Non-Executive Non-Independent Director and Chairperson from the close of business on November 4, 2025, citing pre-occupation. In his place, Mr. Siddharth Nawal has been appointed as an Additional Non-Executive Non-Independent Director on the same date. Mr. Nawal is a Principal in the Real Estate group at Blackstone India, the Trust's sponsor, and has been involved with Nexus Select Trust since its inception, including its REIT listing in May 2023. Effectively, this is Blackstone swapping one of its representatives on the Manager's board with another.
This is a routine sponsor-level board reshuffle with no dues, claims, or governance issues flagged. The incoming director has long-standing familiarity with the Trust, suggesting continuity. Investors should watch for a new Chairperson appointment, but the change is unlikely to materially impact unit price or operations in the near term.