Description

Notice regarding part redemption of non-convertible debentures with reduced face values effective December 15, 2025 for two series of LODHA DEVELOPERS LIMITED debentures.

Summary

LODHA DEVELOPERS LIMITED has announced part redemption of two series of non-convertible debentures with record date of December 15, 2025. Trading in these debentures will commence with reduced face values effective from the same date. The two affected series are: (1) LDL-Reset Rate-21-01-28-PVT with new face value of Rs. 91,341 per debenture, and (2) LDL-TBILLS-13-11-28-PVT with new face value of Rs. 99,600 per debenture along with interest payment.

Key Points

  • Two series of LODHA DEVELOPERS LIMITED debentures undergoing part redemption
  • Record date fixed as December 15, 2025
  • Trading with reduced face values effective from December 15, 2025 under settlement DR-777/2025-2026
  • First series: INE670K07307 (Code: 976923) - Reset Rate debenture with reduced face value of Rs. 91,341 per debenture
  • Second series: INE670K07349 (Code: 977293) - TBILLS linked debenture with reduced face value of Rs. 99,600 per debenture
  • Second series includes both part redemption and interest payment

Regulatory Changes

No regulatory changes introduced. This is a corporate action notice under existing debt market regulations.

Compliance Requirements

  • Trading members must note the reduced face values effective December 15, 2025
  • Debenture trading must reflect new face values from the effective date
  • Members must process transactions under settlement number DR-777/2025-2026

Important Dates

  • Record Date: December 15, 2025
  • Effective Date for Reduced Face Value: December 15, 2025
  • Settlement Number: DR-777/2025-2026
  • Notice Date: December 11, 2025

Impact Assessment

Debenture Holders: Material impact on holders of the two specified debenture series who will receive partial redemption proceeds. The face value reduction indicates substantial redemption amounts being returned to investors.

Trading Impact: Trading members must update systems to reflect new face values from December 15, 2025. This affects pricing, valuation, and settlement processes for these specific ISINs.

Market Segment: Limited to debt segment with impact confined to these two specific debenture series of LODHA DEVELOPERS LIMITED. No broader market implications.

Impact Justification

Routine corporate action affecting specific debenture holders of LODHA DEVELOPERS LIMITED with material impact on face values of two debenture series