BSEGeneral16 Sept 2026 · 16 Sept 2026, 06:17 pm
Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Nexus Select Trust · 543913
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Nexus Select Trust has informed the Exchange regarding Disclosure of material issue, specifically the creation of a pledge over 1,300,000 units held by BREP Asia SG Forum Holding (NQ) Pte. Ltd. in favour of Deutsche Bank AG as the onshore security agent.
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Nexus Select Trust - 543913 - Reg 23(5)(i): Disclosure of material issue
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September 16, 2026
The Corporate Relations Department, The Corporate Relations Department,
The National Stock Exchange of India Limited, Department of Corporate Services,
Exchange Plaza, 5th Floor, BSE Limited,
Plot No. C/1, G-Block, Bandra-Kurla Complex, 25th Floor, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai − 400051 Dalal Street, Mumbai − 400001
Re: Script Symbol “NXST”, Scrip Code 543913
Scrip Code for NCDs: 974909, 976118, 976119, 976657, 977372 and 977376;
Scrip Code for CPs: 732000
Dear Sir/ Madam,
Subject: Disclosure of information w.r.t. encumbrance on Units of Nexus Select Trust
In terms of the disclosure requirements set out under Regulation 12.3.1 of Chapter 12 of the Securities
and Exchange Board of India’s Master Circular bearing reference number SEBI/HO/DDHS-PoD-
2/P/CIR/2025/99 dated July 11, 2025, and with reference to the pre-clearance granted on September
11, 2026, we have received disclosures from BREP Asia SG Forum Holding (NQ) Pte. Ltd, one of the
Sponsor Group entities of Nexus Select Trust (“Trust”), regarding the creation of pledge over
13,00,000 units.
The disclosures received are enclosed herewith.
Thanking You
Your sincerely
For and on behalf of Nexus Select Trust acting through its Manager, Nexus Select Mall
Management Private Limited
Vijay Kumar Gupta
General Counsel, CS & Compliance Officer
Membership No. A14545
Enclosed: As Above
Date: 15 September 2026
The Compliance Officer,
Nexus Select Mall Management Private Limited
(formerly known as Nexus India Retail Management Services Private Limited) (“Manager”)
in its capacity as manager of Nexus Select Trust
Subject: Creation of a pledge over Units of Nexus Select Trust (Real Estate Investment Trust)
(the “Trust”) listed on the BSE Limited (“BSE”) and the National Stock Exchange of India
Limited (“NSE”)
Dear Sir
As required under Paragraph 12.3.1. of Chapter 12 (Encumbrance on units of REITs) of the Master
Circular for Investment Trusts (REITs) bearing number SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated
July 11, 2025 issued by the Securities and Exchange Board of India (“SEBI Master Circular”), we
wish to intimate you that a pledge has been created over 1,300,000 units held by BREP Asia SG Forum
Holding (NQ) Pte. Ltd. (the “Pledgor”) in favour of Deutsche Bank AG as the onshore security agent
(the “Onshore Security Agent”) acting on behalf of the Lenders (as defined below), pursuant to a
pledge agreement dated 3 June 2026 entered into by the Pledgor and the Onshore Security Agent (the
“Pledge Agreement”).
The pledge was created by the Pledgor in favour of the Onshore Security Agent, to secure the obligations
of NXST ML (NQ) Limited (the “Borrower”) in relation to a credit facility availed by the Borrower
from the Lender (as defined in the Facility Agreement) pursuant to the facility agreement dated 13 June
2023 executed among others by the Borrower and the Onshore Security Agent as amended pursuant to
the amendment and restatement agreement dated 23 September 2025 executed, amongst others, the
Borrower and the Onshore Security Agent, as amended from time to time (the “Facility Agreement”).
Details as required under the SEBI Master Circular are set out below:
Name of REIT Nexus Select Trust
Name of the recognised stock exchanges BSE and NSE
where the units of REIT are listed
Name of the sponsor as applicable BREP Asia SG Forum Holding (NQ) Pte. Ltd.
Total unitholding No. of units – 34,909,064
% of total outstanding units – 2.30423%
Specific details about the encumbrance
Encumbrance
(Date of creation of encumbrance: 11 September 2026)
Type of encumbrance Creation of pledge
No. and % of units encumbered No. of units – 1,300,000
% of total outstanding units – 0.0858%
Note that in addition to the 1,300,000 units which have been
pledged, pledge on 33,609,064 units held by BREP Asia SG
Forum Holding (NQ) Pte. Ltd. continues as previously disclosed
on 4 June 2026.
Encumbered units as a % of total units 100% (including the 33,609,064 units held by BREP Asia
held SG Forum Holding (NQ) Pte. Ltd. that continues to be
pledged as previously disclosed on 4 June 2026.)
Period of encumbrance 23 September 2028, subject to the provisions of the
Facility Agreement.
Name of the entity in whose favour units Deutsche Bank AG, in its capacity as the Onshore Security
have been encumbered Agent
Purpose of borrowing The amounts borrowed by the Borrower under the Facility
Agreement have been utilized for genuine business
purposes of the Pledgor outside India and not for any
investments, either directly or indirectly, in India. Further,
the amounts borrowed by the Borrower under the Facility
Agreement have not resulted in any capital inflow into
India.
For and on behalf of:
BREP Asia SG Forum Holding (NQ) Pte. Ltd.
15 September 2026