BSENexus Select TrustHighNeutral
Announced Mon, 2 Feb · 16:38 IST

Nexus Select Trust has informed the Exchange regarding Disclosure of material issue

Credit & Debt View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nexus Select Trust's manager held a board meeting on February 2, 2026 and approved unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended December 31, 2025). The board declared a distribution of ₹358.60 crore (₹2.367 per unit) for the quarter, comprising ₹92.57 crore as interest, ₹238.46 crore as dividend, ₹2.12 crore as other income, and ₹25.45 crore as SPV-level debt repayment. Consolidated revenue from operations grew about 13% year-on-year to ₹671.16 crore, while consolidated profit after tax rose to ₹204.11 crore from ₹172.19 crore. The board also approved an amendment to the Key Information Document for ₹700 crore of NCDs issued on December 15, 2025, solely to correct a typographical error regarding the mortgaged property at Westend Mall, Pune, with no change to the actual debt terms. The record date for the distribution is February 5, 2026, with payment on or before February 12, 2026.

Likely market impact

Unitholders will receive ₹2.367 per unit for Q3 FY26, taking the nine-month cumulative distribution to ₹6.795 per unit, with steady operational performance supporting payouts. The NCD amendment is purely administrative and does not alter debt terms or risk, so no material impact on the units or debt securities is expected.