Description

LODHA DEVELOPERS LIMITED has fixed October 15, 2025 as the record date for part redemption of non-convertible debentures with reduced face value from Rs. 100,000 to Rs. 96,286 per debenture.

Summary

BSE has notified trading members that LODHA DEVELOPERS LIMITED will conduct a part redemption of its non-convertible debentures (INE670K07307). The record date has been set as October 15, 2025, and trading in these debentures will commence with a reduced face value effective from the same date.

Key Points

  • Company: LODHA DEVELOPERS LIMITED
  • Debenture ISIN: INE670K07307 (Code: 976923)
  • Security Name: LDL-Reset Rate-21-01-28-PVT
  • Purpose: Part Redemption of Non-Convertible Debentures
  • Original Face Value: Rs. 100,000 per debenture (implied)
  • Reduced Face Value: Rs. 96,286 per debenture
  • Reduction Amount: Rs. 3,714 per debenture (3.714%)
  • Settlement Number: DR-736/2025-2026
  • Notice Number: 20251010-6
  • Segment: Debt (Private Placement)

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard corporate action notification for debt securities as per existing BSE listing requirements.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value effective from October 15, 2025
  • All trades executed from the effective date onwards must reflect the new face value of Rs. 96,286 per debenture
  • Trading members should update their systems and records to reflect the reduced face value
  • Debenture holders as of the record date will receive the part redemption amount

Important Dates

  • Notice Date: October 10, 2025
  • Record Date: October 15, 2025
  • Effective Date of Reduced Face Value: October 15, 2025
  • Settlement Number: DR-736/2025-2026

Impact Assessment

Impact on Debenture Holders: Debenture holders as of the record date will receive a partial redemption of Rs. 3,714 per debenture (3.714% of implied original face value). The remaining investment will continue with a reduced face value of Rs. 96,286 per debenture.

Trading Impact: From October 15, 2025, all trading activity in these debentures will be based on the reduced face value. This may affect yield calculations, pricing, and valuation for market participants.

Liquidity: The part redemption represents a return of capital to investors and reduces the outstanding amount of this debt issuance. This is a normal corporate action for debt securities and should not significantly impact trading liquidity.

Credit Assessment: The part redemption demonstrates the issuer’s ability to service its debt obligations, which is a positive indicator for remaining debenture holders.

Impact Justification

Medium importance and impact as it affects debenture holders of LODHA DEVELOPERS LIMITED through partial redemption reducing face value by 3.714%, which is material but affects only debt security holders of a specific private placement.