Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has submitted its annual Part C Corporate Governance Compliance Report to the stock exchanges as required under SEBI's REIT regulations. The report confirms full compliance on all five parameters checked: annual report displayed on website, presence of the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee chairpersons at the Annual Meeting of Unitholders, and inclusion of the Governance Report and Secretarial Compliance Report in the Annual Report. The compliance details relate to the FY2023-24 annual report and the unitholders' meeting held on July 27, 2024. The FY2024-25 annual report is yet to be circulated and the next unitholders' meeting is scheduled for July 29, 2025, which will be covered in next year's filing.
This is a routine regulatory compliance disclosure with no negative news. It signals that Nexus Select Trust is adhering to SEBI's REIT governance requirements, which is neutral to mildly positive for investor confidence.