Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has called a meeting of Debenture Holders on March 16, 2026, to fix a typographical error in the security description of its Non-Convertible Debentures (NCDs) worth INR 700 Crores. The Debenture Trust Deed and Key Information Document wrongly mention floors 4th to 15th of the Westend Mall office/IT park in Pune, while the trust actually owns and has security only on floors 4th to 9th. The amendment is purely a clerical correction with no change to coupon, redemption, or the actual underlying security. IDBI Trusteeship Services is acting as the Debenture Trustee for the meeting, which is being held under SEBI LODR Regulation 59 requirements.
No material impact on shareholders or the stock — this is a documentation cleanup that aligns the written description of the mortgaged property with the actual floors owned. The underlying security, coupon, and repayment terms remain unchanged.