Nexus Select Trust Holds Fourth Annual Meeting; Approves Financial Statements and Valuation Report
The Unitholders of Nexus Select Trust conducted their Fourth Annual Meeting (AM) on July 29, 2026. The meeting, held via Video Conferencing (VC)/Other AudioVisual Means (OAVM), saw attendance from numerous directors and senior management personnel as the Trust reviewed its performance for the financial year ended March 31, 2026.The AM commenced at 02:00 P.M. IST and concluded at 02.47 P.M. IST. The meeting was facilitated virtually from a venue in Vikhroli West, Mumbai. A total of 42 Unitholders attended the AM, representing 65,75,23,083 units, which constituted 43.40% of the Trust's total voting power.
The meeting featured several key Directors and Management Personnel. Present among the directors were Mr. Arjun Sharma (Vice-Chairman), Mr. Siddharth Nawal, Mr. Dalip Sehgal (CEO), Mr. Sadashiv Rao, Ms. Alpana Parida, Mr. Jayesh Merchant, and Mr. Michael Holland. Key managerial personnel present included Chief Executive Officer Dalip Sehgal and Chief Financial Officer Rajesh Deo.
Performance Review and Strategic Directions
Mr. Dalip Sehgal delivered an update on the Trust's performance and current affairs during the financial year ended March 31, 2026. He provided detailed insights into leasing and marketing performance, along with a review of the acquisition strategy for Nexus Select Trust.The Unitholders were apprised that the Statutory Auditors’ report for the financial year ended March 31, 2026 was unmodified and without any qualification or observation.
Key Resolutions Approved by Unitholders
The meeting included resolutions requiring Unitholders' approval regarding the Trust's finances and future operational needs. The following matters were presented to be considered and approved:| Sr. No. | Resolution Summary |
|---|---|
| 1 | To consider, approve and adopt 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 annual report on performance. |
| 2 | To consider, approve and adopt the Valuation Report issued by iVAS Partners for the valuation of assets under the Trust as at March 31, 2026. |
| 3 | To consider, and approve, the appointment of Ms. Lopamudra Bidwata Panda and M/s Savills Property Services (India) Private Limited as industry assessment services provider for financial years 2026-27 and 2027-28. |
Procedural Details and Auditor Representation
The Trust engaged Kfin Technologies Limited for hosting the meeting and providing remote e-voting facilities, while Rupal Jhaveri & Associates served as the Scrutinizer to ensure a fair process. The notice along with the Annual Report for the financial year ended March 31, 2026, was circulated to eligible Unitholders.Remote e-voting remained open from July 25, 2026 (09:00 a.m. IST) until July 28, 2026 (05:00 p.m. IST). The cut-off date for voting was set as July 22, 2026.
Senior professionals present at the AM included representatives from SRBC & Co. LLP (Statutory Auditor), Axis Trustee Services Limited (Trustee of Trust), and Rupal Jhaveri & Associates, Practicing Company Secretary (Scrutinizer).
Following the proceedings, the management thanked all Unitholders for their trust and participation. The results of the Annual Meeting are scheduled to be announced by Nexus Select Trust on or before July 31, 2026.
NXST Stock Price Movement
Shares of Nexus Select Trust are gaining to ₹167.93 as of 2:21 PM, pushing up 0.4% in live trading today. The stock maintains strong momentum amidst significant activity, with a traded volume of 116,135 shares and an intraday range spanning from a low of ₹167.02 to a high of ₹168.75.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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