Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has subscribed to redeemable, unlisted, unrated, secured non-convertible debentures (NCDs) worth INR 115 Crores issued by Runwal Residency Private Limited, a real estate company. The subscription was made on April 2, 2026, following the Board approval granted on February 23, 2026. The NCDs are secured against second-ranking security and were subscribed directly by the Trust or through its SPVs/Holdcos. This is a follow-up disclosure to the earlier board meeting outcome filed on February 23, 2026.
The Trust has deployed INR 115 Crores into a real estate company's NCDs, which should earn interest income for unitholders but also exposes the trust to counterparty risk on a private real estate issuer. The use of second-ranking security suggests this is a subordinated debt position, which may carry higher risk.