Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has informed exchanges about a Board Meeting of its Manager (Nexus Select Mall Management Private Limited) scheduled for March 25, 2026. The board will consider approving an amendment to the Debenture Trust Deed, the Trust's Key Information Document (KID), and related transaction documents. The amendment is purely to fix a typographical error in the description of the mortgaged property (floors of an office/IT park at Westend Mall, Pune). This relates to listed non-convertible debentures (NCDs) of up to INR 700 Crores, which were the subject of prior filings on March 11 and March 16, 2026. The Trust has clarified that the amendment does not change any terms of the debt instrument. A Debenture Holders meeting will also be convened for consent on this amendment.
This is a routine, administrative correction to NCD documentation with no change to the actual terms, pricing, or maturity of the debt. Shareholders and NCD holders are unlikely to see any material financial impact, and the stock should not be meaningfully affected by this announcement.