Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has submitted asset valuation reports to the exchanges for a proposed transfer of a 2 MW (DC) Solar Power Plant along with land (~34,630 sq. mtr.) located at Village Mandrup, Solapur, Maharashtra, from one Trust SPV (Daksha Infrastructure Private Limited) to another Trust SPV (Chitrali Properties Private Limited). Two independent IBBI-registered valuers have submitted reports: Mr. Mihir Shetye & Mr. Shaan Akerkar assessed the fair value at Rs. 5.48 Crore, while M/s. Kakode Associates valued it at INR 5.84 Crore as on May 8, 2025. The transfer is being done pursuant to Regulation 21 of SEBI (REIT) Regulations, 2014. The filing notes that the acquisition by Chitrali Properties is expected to result in savings of approximately Rs. 3.15 per unit on cross-subsidy and additional surcharge charges currently paid on solar power supplied.
This is an internal asset re-organisation between two SPVs within the same Trust, not a transaction with an outside party, so it is unlikely to have a material impact on unit holders or the unit price. The minor difference in valuation between the two valuers (Rs. 5.48 Cr vs Rs. 5.84 Cr) is normal and within acceptable range.