Description
Trading suspended in Lodha Developers Limited NCD (INE670K07265) from October 20, 2025 due to early redemption and interest payment with record date October 22, 2025.
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 early redemption of the debentures and payment of interest on the 8.79% NCD maturing November 6, 2026.
Key Points
- Trading suspended in Lodha Developers Limited NCD series LDL-8.79%-6-11-26-PVT
- ISIN: INE670K07265, BSE Code: 975192
- No dealings permitted from October 20, 2025
- Record date set for October 22, 2025
- Purpose: Early redemption of NCD and payment of interest
- Debenture maturity date: November 6, 2026
- Coupon rate: 8.79%
- Notice reference: DR-739/2025-2026
Regulatory Changes
No new regulatory changes introduced. This circular implements standard suspension procedures for corporate actions related to debt securities.
Compliance Requirements
- Trading members must not deal in the specified debentures from October 20, 2025
- Trading members must inform their clients holding these securities about the suspension
- Members should note the record date for determining eligible holders for early redemption and interest payment
- All transactions must comply with the no-dealing directive
Important Dates
- October 16, 2025: Circular issued
- October 20, 2025: Trading suspension begins (no dealings from this date)
- October 22, 2025: Record date for early redemption and interest payment
- November 6, 2026: Original maturity date of NCD
Impact Assessment
Market Impact: High impact on holders of this specific NCD series. Trading members cannot execute any buy or sell orders for this security from October 20, 2025.
Investor Impact: Debenture holders as of the record date (October 22, 2025) will receive early redemption proceeds and accrued interest. Investors unable to sell before suspension will receive redemption at face value plus interest.
Operational Impact: Trading systems must be updated to block trading in this security. Back-office operations need to prepare for early redemption processing. Members must communicate with affected clients regarding the suspension and upcoming redemption.
Liquidity Impact: Complete suspension of secondary market liquidity for this specific NCD series until redemption is completed.
Impact Justification
Immediate trading suspension affecting specific debt securities with early redemption, requiring urgent attention from trading members and debenture holders