Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has filed its annual Secretarial Compliance Report for FY 2023-24 with the stock exchanges. The report, issued by Mehta & Mehta, Company Secretaries, confirms that the Trust's manager has generally complied with SEBI regulations applicable to REITs, including those on listing, insider trading, takeovers, and disclosure norms. However, SEBI issued a warning letter dated March 24, 2025, because the yearly filing of Part C of Annexure 13 (Compliance Report on Governance) for FY 2023-24 was submitted 19 days late, missing the three-month deadline after the financial year-end under Regulation 10 of SEBI REIT Regulations. No other penalties, fines, or pending observations were reported.
This is a routine annual compliance disclosure with one minor flag — a SEBI warning letter for delayed filing of a governance report. The delay is procedural and did not attract any fine or monetary penalty, so the impact on shareholders is negligible and unlikely to move the unit price.