Description
BSE announces revised reduced face value for Lodha Developers Ltd debentures following part redemption, effective September 2, 2025.
Summary
BSE has announced the revised reduced face value for Lodha Developers Ltd debentures following part redemption. The debentures (scrip code 976923, ISIN INE670K07307) will trade with a reduced face value of Rs. 99,714.29 per debenture, effective September 2, 2025.
Key Points
- Company: Lodha Developers Ltd (LDL-Reset Rate-21-01-28-PVT)
- Scrip Code: 976923
- ISIN: INE670K07307
- New reduced face value: Rs. 99,714.29 per debenture
- Record date for part redemption: August 13, 2025
- Trading with new face value starts: September 2, 2025
Regulatory Changes
Debentures will be traded with the revised reduced face value following the part redemption process as per the company’s notification.
Compliance Requirements
- Trading members must take note of the revised face value
- All trading in these debentures must reflect the new reduced face value from the effective date
Important Dates
- Record Date: August 13, 2025
- Effective Date for Trading: September 2, 2025
- Notice Reference: DR-706/2025-2026
Impact Assessment
The significant reduction in face value reflects the part redemption of debentures. Existing debenture holders will see their holdings adjusted to the new face value, affecting the trading dynamics and pricing of these debt securities in the market.
Impact Justification
Affects specific debenture holders of Lodha Developers with significant face value reduction