Description

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

Summary

BSE has notified that LODHA DEVELOPERS LIMITED will undertake part redemption of its non-convertible debentures (ISIN: INE670K07307, Code: 976923) with a record date of October 15, 2025. Following the redemption, trading in these debentures will continue at a reduced face value of Rs. 96,286 per debenture, effective from the same date.

Key Points

  • Security: LDL-Reset Rate-21-01-28-PVT (INE670K07307)
  • BSE Code: 976923
  • Record date for part redemption: October 15, 2025
  • Reduced face value: Rs. 96,286 per debenture (post-redemption)
  • Effective date: October 15, 2025
  • Settlement number: DR-736/2025-2026
  • Trading members must note the reduced face value for trading purposes

Regulatory Changes

No regulatory framework changes. This is a standard corporate action related to debt security part redemption.

Compliance Requirements

  • Trading members must ensure that trading in LODHA DEVELOPERS LIMITED debentures reflects the reduced face value of Rs. 96,286 per debenture from October 15, 2025
  • All trading systems and records must be updated to reflect the new face value effective from the specified date
  • Members should inform their clients holding these debentures about the part redemption and revised face value

Important Dates

  • October 10, 2025: Circular issue date
  • October 15, 2025: Record date for part redemption
  • October 15, 2025: Effective date for trading at reduced face value (Settlement DR-736/2025-2026)

Impact Assessment

Market Impact: Medium - Affects holders of specific LODHA DEVELOPERS LIMITED debentures. The part redemption will reduce the outstanding face value of the debentures, returning capital to investors while allowing continued trading of the securities at the reduced denomination.

Operational Impact: Trading members must update their systems to reflect the new face value for accurate pricing and settlement. Debenture holders will receive partial redemption proceeds on the record date while retaining securities with reduced face value.

Financial Impact: Debenture holders will receive partial capital repayment, reducing their investment exposure while maintaining position in the remaining debenture value.

Impact Justification

Part redemption affects debenture holders of LODHA DEVELOPERS LIMITED with face value reduction, but impact is limited to debt segment and specific security holders