Description

LODHA DEVELOPERS LIMITED announces part redemption of three series of non-convertible debentures with reduced face values effective January 14, 2026.

Summary

LODHA DEVELOPERS LIMITED has announced part redemption of three series of non-convertible debentures with record date January 14, 2026. Trading in these debentures will commence with reduced face values effective from the same date. The redemption includes payment of interest for one series (INE670K07281).

Key Points

  • Three debenture series affected: LDL-8.14%-5-6-28-PVT (INE670K07281), LDL-Reset Rate-21-01-28-PVT (INE670K07307), and LDL-TBILLS-13-11-28-PVT (INE670K07349)
  • Record date fixed as January 14, 2026 for all three series
  • Trading with reduced face values effective from January 14, 2026 under settlement DR-798/2025-2026
  • Face value reductions: Rs. 97,500 per debenture (code 976764), Rs. 88,083 per debenture (code 976923), and Rs. 98,054 per debenture (code 977293)
  • Interest payment applicable only for INE670K07281 series along with part redemption

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification as per existing debt market regulations.

Compliance Requirements

  • Trading members must note the reduced face values effective from January 14, 2026
  • All trades in the affected debenture series must reflect the new reduced face values from the effective date
  • Trading members should ensure proper settlement under DR-798/2025-2026

Important Dates

  • Record Date: January 14, 2026 - For determining debenture holders eligible for part redemption and interest payment
  • Effective Date: January 14, 2026 - Trading commences with reduced face values
  • Settlement Number: DR-798/2025-2026

Impact Assessment

This part redemption will reduce the outstanding face value of three debenture series issued by LODHA DEVELOPERS LIMITED. Debenture holders will receive partial repayment, reducing their exposure to the issuer. The market impact is limited to holders of these specific privately placed debentures. Liquidity in these securities may be affected post-redemption due to lower outstanding amounts. Trading members dealing in these securities need to update their systems to reflect the reduced face values to avoid settlement issues.

Impact Justification

Part redemption of debentures affects debt holders of three debenture series with material changes to face values, but is a standard corporate action with limited broader market impact