Nexus Select Trust has informed that the Board of Directors of Nexus Select Mall Management (Company), Manager to Nexus Select Trust (Trust), at its meeting held on Monday, February 23, 2026, has approved the execution of share purchase and subscription agreement and other transaction documents, for acquisition by the Trust of 50% of equity shareholding in Garden City Malls (a wholly owned subsidiary of Runwal Residency, and hereinafter referred to as the Target Company) for a purchase consideration of INR 434 Crores with an overall enterprise value of INR 892 Crores (includes estimated closing costs), subject to closing adjustments, post transfer of the completed integrated shopping mall cum multiplex at Dombivli to the Target Company. The integrated shopping mall cum multiplex at Dombivli shall have an approximate Gross Leasable Area of 7.3 Lacs sq. ft. (Mall Asset) and is being built on land admeasuring 29,139 square meters (equivalent to approx. 7.20 Acres), bearing New Survey No.4/B/17, situated at Village Gharivali, Taluka Kalyan, District Thane (Project Land). Details of proposed acquisition is enclosed as Annexure A; taken note of the value determined by the Valuer for the Mall Asset; and etc. The documents referred to above shall also be uploaded on the Website of the Trust at https://www.nexusselecttrust.com/. The meeting commenced at 12.02 Hrs IST and concluded at 12.24 Hrs IST.

The above information is a part of company’s filings submitted to BSE.