Description
BSE notice announcing revised reduced face value of Rs. 99,714.29 per debenture for Lodha Developers Ltd 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. The face value has been reduced to Rs. 99,714.29 per debenture, effective from September 2, 2025.
Key Points
- Company: Lodha Developers Ltd
- Scrip Code: 976923 (LDL-Reset Rate-21-01-28-PVT)
- ISIN: INE670K07307
- New reduced face value: Rs. 99,714.29 per debenture
- Record date for part redemption was August 13, 2025
- Trading with new face value begins September 2, 2025
Regulatory Changes
Debentures will trade with the revised reduced face value as per DR-706/2025-2026 directive.
Compliance Requirements
Trading members must take note of the revised face value and ensure proper implementation in their trading systems.
Important Dates
- Record Date: August 13, 2025 (previously announced)
- Effective Date for Trading: September 2, 2025
- Notice Date: September 1, 2025
Impact Assessment
The significant reduction in face value from standard denomination to Rs. 99,714.29 reflects substantial part redemption. Trading members need to update their systems to reflect the new face value to ensure accurate pricing and settlement.
Impact Justification
Significant face value change affecting debenture trading but limited to single issuer