Description

BSE announces actual reduced face values for part redemption of two debenture series of Lodha Developers Ltd, effective January 02, 2026.

Summary

BSE has announced the actual reduced face values following part redemption of two debenture series of Lodha Developers Ltd. This circular updates the previously issued notice dated December 11, 2025, providing specific reduced face values for scrip codes 976923 and 977293. The debentures will trade with the reduced face values from January 02, 2026.

Key Points

  • Part redemption executed for two debenture series of Lodha Developers Ltd
  • Scrip 976923 (LDL-Reset Rate-21-01-28-PVT, ISIN: INE670K07307): Reduced face value of Rs. 89,512 per debenture
  • Scrip 977293 (LDL-TBILLS-13-11-28-PVT, ISIN: INE670K07349): Reduced face value of Rs. 98,454 per debenture
  • Updates previous notice 20251211-76 dated December 11, 2025
  • Trading members advised to note the new face values

Regulatory Changes

No regulatory framework changes. This is a corporate action notification regarding part redemption of existing debentures.

Compliance Requirements

  • Trading members must ensure debentures are traded with the reduced face values from the effective date
  • Trading members required to take note of the face value changes for accurate trading and settlement
  • All trades from January 02, 2026 must reflect the new reduced face values

Important Dates

  • Notice Date: January 01, 2026
  • Effective Date for Trading: January 02, 2026
  • Previous Notice Date: December 11, 2025 (Notice No. 20251211-76)

Impact Assessment

Market Impact: Medium - Affects holders of two specific debenture series of Lodha Developers Ltd. The reduced face values reflect the partial return of principal to debenture holders.

Operational Impact: Trading members must update their systems to reflect the new face values for accurate price discovery and settlement. Debenture holders will receive partial redemption proceeds while continuing to hold the securities at reduced face values.

Investor Impact: Existing debenture holders will receive partial redemption payment and continue holding debentures with reduced principal amounts. Future interest calculations and final redemption will be based on the new reduced face values.

Impact Justification

Affects debenture holders of two specific Lodha Developers debenture series with reduced face values effective from next trading day