Description

BSE suspends trading in Lodha Developers Limited NCDs (INE670K07265) from October 20, 2025 due to record date fixation for early redemption and interest payment.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of Lodha Developers Limited (ISIN: INE670K07265, Code: 975192) effective October 20, 2025. The suspension is due to the company fixing a record date of October 22, 2025 for the purpose of early redemption of NCDs and payment of interest. Trading members are advised not to deal in these debentures from the specified date.

Key Points

  • Trading suspension applies to Lodha Developers Limited NCDs with ISIN INE670K07265
  • Security details: LDL-8.79%-6-11-26-PVT (Code: 975192)
  • Suspension effective from: October 20, 2025
  • Record date: October 22, 2025
  • Purpose: Early redemption of NCDs and payment of interest
  • Notice reference: DR-739/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard trading suspension procedure implemented for corporate action processing related to debt securities.

Compliance Requirements

  • Trading members must not execute any trades in the specified Lodha Developers NCDs from October 20, 2025
  • All exchange participants must note the suspension and ensure compliance
  • Members should inform their clients holding or trading these debentures about the suspension

Important Dates

  • October 16, 2025: Circular issued by BSE
  • October 20, 2025: No dealings permitted from this date
  • October 22, 2025: Record date for early redemption and interest payment

Impact Assessment

Market Impact: Medium - The suspension affects liquidity for holders of this specific NCD security. Investors will be unable to trade these debentures during the suspension period.

Operational Impact: Trading members need to update their systems and inform clients about the trading restrictions. The early redemption indicates that bondholders will receive principal repayment along with accrued interest, affecting portfolio positions for institutional and retail investors holding these NCDs.

Investor Impact: Bondholders as of the record date (October 22, 2025) will be eligible for the early redemption proceeds and interest payment. The 8.79% coupon rate security with 2026 maturity is being redeemed early, requiring investors to redeploy capital.

Impact Justification

Trading suspension affects specific NCD holders and traders dealing in Lodha Developers debentures. Limited to single debt security with early redemption scheduled.