Description

Revised reduced face value for debentures of Lodha Developers Ltd following part redemption, effective December 02, 2025.

Summary

BSE has issued a revised notice regarding the part redemption of debentures of Lodha Developers Limited (Scrip Code: 976923, ISIN: INE670K07307). The company has updated the reduced face value to Rs. 92,769/- per debenture following the part redemption with a record date of November 14, 2025. The revised face value will be effective for trading from December 02, 2025.

Key Points

  • This is a revision to the earlier notice dated November 11, 2025 (Notice No. 20251111-48)
  • Scrip Code: 976923
  • ISIN: INE670K07307
  • Security Name: LDL-Reset Rate-21-01-28-PVT
  • Revised Reduced Face Value: Rs. 92,769/- per Debenture
  • Trading to commence with new face value from December 02, 2025
  • Reference Number: DR-768/2025-2026

Regulatory Changes

No new regulatory framework changes. This notice updates the earlier communication regarding the actual reduced face value post part redemption of the debentures.

Compliance Requirements

  • Trading Members must note the revised reduced face value
  • Trading Members should ensure systems are updated to reflect the new face value of Rs. 92,769/- per debenture
  • All trading in these debentures must reflect the revised face value from the effective date

Important Dates

  • Record Date: November 14, 2025 (for part redemption)
  • Effective Date for Trading with Revised Face Value: December 02, 2025
  • Notice Date: December 01, 2025

Impact Assessment

Market Impact: Limited to holders and traders of Lodha Developers debentures with scrip code 976923. The revised face value reflects the part redemption and will affect the pricing and valuation of the security.

Operational Impact: Trading members need to update their systems to reflect the new reduced face value before December 02, 2025. The revision ensures accurate pricing and settlement for these debt securities going forward.

Investor Impact: Debenture holders with record date November 14, 2025 will receive part redemption, and the remaining debenture principal will be Rs. 92,769/- per unit.

Impact Justification

Revised face value impacts debenture holders and trading operations for a specific scrip, with limited broader market impact