Description

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

Summary

BSE has issued an update regarding the part redemption of debentures of Lodha Developers Ltd, providing the actual reduced face values for two debenture series. This notice is a continuation of Exchange Notice No. 20251211-76 dated December 11, 2025. The debentures will trade with the updated reduced face values effective from January 02, 2026.

Key Points

  • Two debenture series of Lodha Developers Ltd undergo part redemption with updated face values
  • Scrip Code 976923 (LDL-Reset Rate-21-01-28-PVT, INE670K07307): Reduced face value of Rs. 89,512/- per debenture
  • Scrip Code 977293 (LDL-TBILLS-13-11-28-PVT, INE670K07349): Reduced face value of Rs. 98,454/- per debenture
  • Trading members must update their systems with new face values
  • Notice reference: DR-790/2025-2026

Regulatory Changes

No new regulatory changes. This is an update to corporate action procedures already in place for part redemption of privately placed debentures.

Compliance Requirements

  • Trading members must take note of the updated reduced face values
  • Trading systems should reflect the new face values for both debenture series
  • All trades from January 02, 2026 onwards must use the reduced face values

Important Dates

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

Impact Assessment

Market Impact: Medium - Affects holders and traders of the two specific debenture series of Lodha Developers Ltd. The part redemption results in significant reduction in face values, which impacts pricing and valuation.

Operational Impact: Trading members dealing in these debentures must update their systems and processes to reflect the new face values. The reduced face values are substantial (Rs. 89,512 and Rs. 98,454 per debenture respectively), indicating significant partial redemption amounts have been paid out to debenture holders.

Investor Impact: Debenture holders have received partial redemption proceeds, and their remaining investment now has a lower face value basis for future interest calculations and final redemption.

Impact Justification

Update to previously announced part redemption with actual reduced face values for debenture holders and trading members