Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust's Manager (Nexus Select Mall Management Private Limited) held a board meeting on March 25, 2026, and approved an amendment to the Debenture Trust Deed dated December 9, 2025. The amendment is to fix a typographical error in the description of mortgaged property — specifically, the floors of an office/IT park at Westend Mall, Pune were mentioned incorrectly. The NCDs in question are rupee-denominated, listed, secured, redeemable, non-convertible debentures of up to INR 700 Crores, with ISINs INE0NDH07068 and INE0NDH07076. The Trust has clarified that this correction does not change any terms of the debt instrument. The board also approved filing an application with the stock exchange for in-principle approval under SEBI LODR Regulation 59(1).
This is a routine administrative correction with no impact on debt terms, interest costs, or unit-holder returns. Shareholders and debenture holders should view this as housekeeping — the underlying NCD structure of INR 700 Crores remains unchanged, so no material effect on the stock or unit price is expected.