Description

Addition of mortgage over land parcels in Vaderapura Village, Bangalore as additional security for debt securities ISINs INE050R07091 and INE050R07109.

Summary

Century Joint Developments Private Limited has updated the security structure for debt securities with ISINs INE050R07091 and INE050R07109 by adding mortgage over land parcels owned by Century Living Private Limited in Vaderapura Village, Bangalore. The additional security includes both mortgage over converted land totaling approximately 4 acres 46 guntas and hypothecation over all movable assets related to the property.

Key Points

  • Additional security created for two debt securities: INE050R07091 and INE050R07109
  • Security includes mortgage over converted land in Survey No. 4/3 (2 acres 31 guntas) and Survey No. 4/5 (2 acres 15 guntas)
  • Land located in Vaderapura Village, Yelahanka Hobli, Yelahanka Taluk, Bangalore
  • Hypothecation covers all movable assets including tangible assets, intellectual property rights, insurance proceeds, and receivables
  • Security extends to current and future assets related to the property

Regulatory Changes

No regulatory changes. This is a disclosure update regarding enhancement of security for existing debt instruments.

Compliance Requirements

Century Joint Developments Private Limited must:

  • Execute mortgage documentation over the specified land parcels
  • Register hypothecation over all movable assets as detailed
  • Ensure proper creation and perfection of security interests
  • Maintain compliance with debt security covenants

Important Dates

  • Circular Date: October 28, 2025

No specific implementation or effective dates mentioned in the circular.

Impact Assessment

Bondholders: Positive impact as additional security strengthens the collateral backing for debt securities INE050R07091 and INE050R07109, potentially improving credit quality.

Issuer: Routine operational matter involving enhancement of security structure for existing debt obligations.

Market Impact: Minimal broader market impact; affects only specific bondholders of the mentioned ISINs. This is a standard practice to strengthen debt security arrangements.

Impact Justification

Routine disclosure regarding addition of security for existing debt instruments; affects only specific bondholders and does not impact broader market operations.