Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust informed exchanges that SEBI has issued a notice of demand dated February 4, 2026, requiring the Manager (Nexus Select Mall Management Private Limited) to pay a settlement amount of INR 24,37,500. This relates to an earlier show cause notice from June 2025 concerning the Manager's failure to maintain the minimum net worth requirement under REIT Regulations as of March 31, 2024. The Manager has since restored its net worth above the required threshold from July 31, 2024 onwards. The Trust has stated that there is no material impact on its financial, operational, or other activities from this settlement payment.
For unit holders, the settlement amount is small relative to the Trust's size and is a one-time, non-recurring payment. The issue is now closed, and the non-compliance has been corrected, so the regulatory overhang is resolved — this is likely a neutral to mildly positive event as it removes uncertainty.