Description
BSE announces revised reduced face value for Lodha Developers debentures following part redemption, effective September 2, 2025.
Summary
BSE has announced the revised reduced face value for Lodha Developers Ltd debentures (scrip code: 976923) following a part redemption process. The debentures will trade with the new reduced face value of Rs. 99,714.29 per debenture effective September 2, 2025.
Key Points
- Debenture scrip code: 976923 (LDL-Reset Rate-21-01-28-PVT INE670K07307)
- New reduced face value: Rs. 99,714.29 per debenture
- Effective trading date: September 2, 2025
- Record date for part redemption was August 13, 2025
- This is a continuation of Exchange Notice No.20250811-50 dated August 11, 2025
Regulatory Changes
No new regulatory framework changes. This is a standard corporate action implementation following part redemption of debt securities.
Compliance Requirements
- Trading members must note the revised face value for debenture trading
- All trading systems must be updated to reflect the new face value
- Trading members should ensure proper settlement procedures with the revised parameters
Important Dates
- Record Date: August 13, 2025 (for part redemption eligibility)
- Effective Trading Date: September 2, 2025 (revised face value implementation)
- Notice Date: September 1, 2025
Impact Assessment
The impact is limited to holders and traders of Lodha Developers debentures. The significant reduction in face value (from original amount to Rs. 99,714.29) reflects a substantial part redemption. Trading members need to update their systems to ensure accurate pricing and settlement of these debentures from September 2, 2025.
Impact Justification
Face value revision affects debenture trading parameters but limited to single issuer