Description

Addition of mortgage and hypothecation over land and movable assets of Century Living Private Limited as additional security for debt securities INE050R07091 and INE050R07109.

Summary

BSE has issued an update regarding debt securities (ISINs INE050R07091 and INE050R07109) of Century Joint Developments Private Limited. Additional security is being created through mortgage over converted land parcels totaling approximately 4 acres 46 guntas in Bangalore, and hypothecation over all movable assets of Century Living Private Limited related to this property.

Key Points

  • Additional security being added for two debt securities: INE050R07091 and INE050R07109
  • Mortgage to be created over converted land in Survey No. 4/3 (2 acres 31 guntas) and Survey No. 4/5 (2 acres 15 guntas)
  • Property located at Vaderapura Village, Yelahanka Hobli, Yelahanka Taluk, Bangalore
  • Hypothecation to cover all movable assets including tangible and intangible assets, intellectual property rights, insurance proceeds, guarantees, and receivables
  • Security covers both present and future assets related to the Additional Land

Regulatory Changes

No regulatory framework changes. This is a material update regarding security structure for existing debt securities.

Compliance Requirements

  • Century Joint Developments Private Limited must complete creation of mortgage over the specified land parcels
  • Hypothecation must be executed over all specified movable assets of Century Living Private Limited
  • All rights, titles, and interests in the Additional Land and related assets to be properly documented and charged

Important Dates

  • Circular Date: October 28, 2025
  • Specific dates for security creation not mentioned in the circular

Impact Assessment

For Debenture Holders: Positive development as it enhances security coverage for the debt securities through additional mortgage and hypothecation of substantial land parcels and related assets.

For Century Joint Developments/Century Living: Additional obligations to create and maintain security over the specified properties and assets, potentially restricting future transactions involving these assets.

Market Impact: Limited broader market impact; specific to holders of the mentioned debt securities who benefit from enhanced security coverage.

Impact Justification

Material update regarding additional security for existing debt securities affecting debenture holders' security coverage.