Description

BSE notifies revised reduced face value of Rs. 92,769 per debenture for Lodha Developers' debentures (scrip code 976923) following part redemption, effective December 2, 2025.

Summary

BSE has issued a revised notice regarding the part redemption of debentures of Lodha Developers Limited (scrip code 976923, ISIN: INE670K07307). This notice revises the earlier communication dated November 11, 2025, which had set the record date as November 14, 2025. The company has now provided the actual revised reduced face value following the part redemption.

Key Points

  • Debenture scrip code: 976923 (LDL-Reset Rate-21-01-28-PVT)
  • ISIN: INE670K07307
  • Revised reduced face value: Rs. 92,769 per debenture
  • Effective date for trading with reduced face value: December 2, 2025
  • Reference number: DR-768/2025-2026
  • This is a revision to the earlier notice dated November 11, 2025
  • Record date for part redemption remains November 14, 2025

Regulatory Changes

No regulatory changes. This is a corporate action notification regarding debenture redemption.

Compliance Requirements

  • Trading members must note the revised reduced face value of Rs. 92,769 per debenture
  • All trades in these debentures from December 2, 2025 onwards must reflect the reduced face value
  • Trading members should update their systems and records accordingly

Important Dates

  • November 14, 2025: Record date for part redemption (as per earlier notice dated November 11, 2025)
  • December 1, 2025: Date of revised notice
  • December 2, 2025: Effective date for trading with reduced face value

Impact Assessment

Market Impact: Medium - affects only holders and traders of specific Lodha Developers debentures

Operational Impact: Trading members must ensure their systems reflect the revised face value from December 2, 2025. The significant reduction in face value (to Rs. 92,769) indicates a substantial part redemption has occurred, which will impact the valuation and trading of these debt securities. Debenture holders will have received partial repayment as per the redemption schedule.

Impact Justification

Revised face value information is material for debenture holders and traders but affects only specific debt security holders of Lodha Developers