Description

BSE announces part redemption of two series of non-convertible debentures issued by Lodha Developers Limited with reduced face values effective February 11, 2026.

Summary

BSE has notified trading members about the part redemption of two series of non-convertible debentures issued by LODHA DEVELOPERS LIMITED. The record date is set for February 11, 2026, and trading in these debentures will commence with reduced face values effective from the same date under settlement number DR-818/2025-2026.

Key Points

  • Two debenture series affected: LDL-Reset Rate-21-01-28-PVT (ISIN: INE670K07307) and LDL-TBILLS-13-11-28-PVT (ISIN: INE670K07349)
  • Record date fixed as February 11, 2026 for determining debenture holders eligible for part redemption
  • Trading will continue with reduced face values from the effective date
  • First debenture series reduced to Rs. 86,199 per debenture
  • Second debenture series reduced to Rs. 93,395 per debenture

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for debt securities.

Compliance Requirements

  • Trading members must note the reduced face values for these debentures
  • Trading in affected debentures must reflect reduced face values from February 11, 2026
  • Settlement to be processed under DR-818/2025-2026

Important Dates

  • Notice Date: February 6, 2026
  • Record Date: February 11, 2026
  • Effective Date: February 11, 2026 (Settlement No. DR-818/2025-2026)

Impact Assessment

Market Impact: Limited to debt market segment and specific debenture holders of Lodha Developers Limited.

Operational Impact: Trading members dealing in these securities must update systems to reflect reduced face values. Part redemption will provide partial liquidity to debenture holders while continuing trading at reduced denominations.

Investor Impact: Debenture holders on record date will receive partial redemption proceeds, with remaining investment continuing at reduced face value.

Impact Justification

Routine corporate action affecting specific debenture holders of Lodha Developers; impacts debt segment with reduced face values but limited broader market significance