Description
Trading suspended in NCD INE670K07265 of Lodha Developers Limited from October 20, 2025 due to early redemption and interest payment with record date October 22, 2025.
Summary
BSE has announced suspension of trading in Non-Convertible Debentures (NCD) of Lodha Developers Limited (ISIN: INE670K07265, Code: 975192) effective October 20, 2025. The suspension is imposed due to the company fixing a record date of October 22, 2025 for early redemption of the 8.79% NCD maturing on November 6, 2026, and payment of interest. Trading members are advised not to deal in these debentures from the suspension date.
Key Points
- Trading suspension applies to Lodha Developers Limited NCD (LDL-8.79%-6-11-26-PVT)
- ISIN: INE670K07265, BSE Code: 975192
- Coupon rate: 8.79%
- Original maturity date: November 6, 2026
- Purpose: Early redemption of NCD and payment of interest
- Record date: October 22, 2025
- No dealings permitted from: October 20, 2025
- Circular reference: DR-739/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard procedural suspension implemented as per existing corporate action norms when a company fixes a record date for early redemption and interest payment on debt securities.
Compliance Requirements
- Trading members must not execute any trades in the specified NCD (INE670K07265) from October 20, 2025
- Trading members must ensure their systems and processes prevent dealing in this security during the suspension period
- Members should inform their clients holding or interested in this security about the trading suspension
Important Dates
- October 16, 2025: Circular issued by BSE
- October 20, 2025: Trading suspension begins (no dealings from this date)
- October 22, 2025: Record date for early redemption and interest payment
Impact Assessment
Market Impact: Limited - affects only holders of this specific NCD series of Lodha Developers Limited. The suspension is temporary and procedural in nature.
Investor Impact: Medium - NCD holders will not be able to trade during the suspension period, affecting liquidity. However, the early redemption provides an exit opportunity for investors, and interest payment will be made to holders as of the record date.
Operational Impact: Trading members need to update their systems to block trading in this security and communicate with affected clients regarding the suspension and upcoming early redemption.
Impact Justification
Medium importance as it affects specific NCD holders of Lodha Developers Limited. Trading suspension is procedural for early redemption process but impacts liquidity for affected security holders during the suspension period.