Description
BSE notification regarding part redemption of non-convertible debentures of Lodha Developers Limited with record date and reduced face value details.
Summary
BSE has announced that LODHA DEVELOPERS LIMITED has fixed a record date for part redemption of its non-convertible debentures. Trading in the debentures will commence with a reduced face value effective from August 13, 2025.
Key Points
- Company: LODHA DEVELOPERS LIMITED
- Debenture Code: LDL-Reset Rate-21-01-28-PVT (ISIN: INE670K07307)
- BSE Code: 976923
- Record Date: August 13, 2025
- Purpose: Part Redemption of Non-Convertible Debentures
- Reduced Face Value: Rs. 97,143/- per Debenture
- Settlement Number: DR-694/2025-2026
Regulatory Changes
Trading in the debentures will be conducted with the reduced face value effective from the record date, reflecting the partial redemption of the securities.
Compliance Requirements
Trading members are required to note the change in face value and ensure proper settlement procedures are followed for transactions in these debentures post the effective date.
Important Dates
- Record Date: August 13, 2025
- Effective Date for Reduced Face Value: August 13, 2025
- Notice Date: August 11, 2025
Impact Assessment
The part redemption will reduce the outstanding principal amount of the debentures, affecting the trading value and interest calculations for existing debenture holders. Trading members need to adjust their systems to reflect the new face value for accurate pricing and settlement.
Impact Justification
Part redemption affects debenture holders with specific face value reduction and trading implications