Description

Addition of mortgage over land properties in Bangalore as additional security for debt securities INE050R07091 and INE050R07109.

Summary

BSE has issued an update regarding debt securities of Century Joint Developments Private Limited. Additional security is being added for ISINs INE050R07091 and INE050R07109 through mortgage over land properties held by Century Living Private Limited in Bangalore and hypothecation over related movable assets.

Key Points

  • Additional security being created for two debt securities: INE050R07091 and INE050R07109
  • Security includes mortgage over converted land parcels in Vaderapura Village, Yelahanka, Bangalore
  • First land parcel: Survey No. 4/3 (earlier Survey No. 4/2) measuring 2 acres 31 guntas
  • Second land parcel: Survey No. 4/5 (earlier Survey No. 4/2, previously Survey No. 4/1) measuring 2 acres 15 guntas
  • Hypothecation covers all movable assets including tangible and intangible assets, intellectual property rights, insurance proceeds, and receivables
  • Security provided by Century Living Private Limited

Regulatory Changes

No regulatory changes. This is a disclosure of enhanced security arrangements for existing debt instruments.

Compliance Requirements

  • Century Joint Developments Private Limited to ensure proper creation and registration of mortgage and hypothecation as per applicable laws
  • Century Living Private Limited to facilitate creation of security interest over the specified properties and assets
  • Debenture trustees to verify and register the additional security

Important Dates

Circular Date: October 28, 2025

No specific implementation or effective dates mentioned in the circular.

Impact Assessment

Positive Impact: Enhanced security for debtholders of the specified ISINs through addition of real estate assets and related movables as collateral. This strengthens the credit profile of the debt securities.

Market Impact: Minimal market-wide impact. This is company-specific disclosure affecting only holders of the two mentioned debt securities. The addition of land assets measuring approximately 5 acres in Bangalore provides tangible security backing to the debt instruments.

Impact Justification

Routine disclosure of additional security collateral for existing debt securities. Provides enhanced security to debtholders but has minimal market-wide impact.