Nexus Select Trust Annual Meeting Passes Three Resolutions, Including Financial Statement Approval
The Unitholders of Nexus Select Trust successfully held their Fourth Annual Meeting on July 29, 2026. The meeting covered crucial items detailed in the Notice dated July 03, 2026, with all resolutions duly approved by the Unitholders through a combination of remote e-voting and participation during the Annual Meeting.The successful passage confirmed key operational and financial approvals for the Trust, covering audited statements, asset valuation reports, and service provider appointments.
Voting Results and Resolution Outcomes
The outcomes of the meeting reflected strong support across various categories of Unitholders (Public Institutions and Public Non-Institutions). The Trust had facilitated voting through a remote e-voting period spanning July 25, 2026, to July 28, 2026, before offering an on-site e-voting facility during the meeting.The voting results for the three resolutions are detailed below:
Resolution No. 1: Adoption of Financial Statements
The Unitholders considered and approved the audited standalone and consolidated financial statements of Nexus Select Trust as at and for the financial year ended March 31, 2026, along with the report of the auditors thereon and the annual performance report.| Voting Mode | Unitholders Voted | Votes in Favour | % of Valid Votes Cast (Favour) | Votes Against |
|---|---|---|---|---|
| Remote e-voting | 288 | 1,25,02,22,772 | 99.9996% | 4,505 (0.0004%) |
| E-Voting during AM | 9 | 1,317 | 100.00% | 0 (0.00%) |
| Total | 297 | 1,25,02,24,089 | 99.9996% | 4,505 (0.0004%) |
Resolution No. 1 of the Notice was passed with the requisite majority.
Resolution No. 2: Valuation Report Approval
The Unitholders considered and approved the valuation report issued by iVAS Partners, represented by Mr. Arvindkumar C, Partner, Independent Valuer to the Trust, for the valuation of assets under the Trust as at March 31, 2026.| Voting Mode | Unitholders Voted | Votes in Favour | % of Valid Votes Cast (Favour) | Votes Against |
|---|---|---|---|---|
| Remote e-voting | 287 | 1,25,02,22,712 | 99.9996% | 4,565 (0.0004%) |
| E-Voting during AM | 9 | 1,317 | 100.00% | 0 (0.00%) |
| Total | 296 | 1,25,02,24,029 | 99.9996% | 4,565 (0.0004%) |
Resolution No. 2 of the Notice was passed with the requisite majority.
Resolution No. 3: Appointment of Valuer and Industry Assessment Provider
The Unitholders considered and approved the appointment of Ms. Lopamudra Bidwata Panda as the valuer, and M/s Savills Property Services (India) Private Limited as the Industry Assessment Services Provider for the Trust, along with their fees for the financial years 2026-27 and 2027-28.| Voting Mode | Unitholders Voted | Votes in Favour | % of Valid Votes Cast (Favour) | Votes Against |
|---|---|---|---|---|
| Remote e-voting | 283 | 1,25,01,25,583 | 99.9919% | 1,01,694 (0.0081%) |
| E-Voting during AM | 9 | 1,317 | 100.00% | 0 (0.00%) |
| Total | 292 | 1,25,01,26,900 | 99.9919% | 1,01,694 (0.0081%) |
Resolution No. 3 of the Notice was passed with the requisite majority.
Summary of Voting Data by Category
The voting statistics for each resolution show participation across different categories, including Sponsor and Sponsor Group, Public Institutions, and Public Non-Institutions. The combined results across all voting modes resulted in all resolutions passing successfully.For reference, a summary of the public sector participation in Resolution No. 1 is provided below:
| Category | Total Voting Modeled On Outstanding Shares (1) | Votes Polled (2) | % of Votes Polled on outstanding shares (3) | Votes in Favour (4) | Votes Against (5) | % of Votes in favour (6) |
|---|---|---|---|---|---|---|
| Public-Institutions | 49,31,11,779 | 49,31,11,779 | 93.3537% | 49,31,11,779 | 0 | 100.00% |
| Public-Non Institutions | 1,51,50,00,000 | 1,25,02,28,594 | 82.5233% | 1,25,02,24,089 | 4,505 | 99.9996% |
NXST Stock Price Movement
As of 3:15 PM, shares of Nexus Select Trust are slipping by 0.88% in live trading, currently marking down to ₹166.43. The stock saw robust intraday activity, recording a total traded volume of 155,979 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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