Description

LODHA DEVELOPERS LIMITED has fixed record date of February 11, 2026 for part redemption of two series of non-convertible debentures, with trading to commence at reduced face values.

Summary

LODHA DEVELOPERS LIMITED has announced part redemption of two series of non-convertible debentures with a record date of February 11, 2026. Trading in both debenture series will commence with reduced face values from the same date. The two affected series are INE670K07307 (Reset Rate series maturing January 28, 2021) and INE670K07349 (T-Bills series maturing November 13, 2028).

Key Points

  • Two debenture series of LODHA DEVELOPERS LIMITED are undergoing part redemption
  • Record date fixed as February 11, 2026
  • Trading with reduced face values will begin from February 11, 2026
  • Settlement number: DR-818/2025-2026
  • LDL-Reset Rate-21-01-28-PVT (INE670K07307, Code: 976923): New face value Rs. 86,199 per debenture
  • LDL-TBILLS-13-11-28-PVT (INE670K07349, Code: 977293): New face value Rs. 93,395 per debenture

Regulatory Changes

No new regulatory framework changes. This is a corporate action executed under existing debt market regulations for part redemption of debentures.

Compliance Requirements

  • Trading members must note the reduced face values effective from February 11, 2026
  • All trades from the effective date must reflect the new face values
  • Settlement must be completed under settlement number DR-818/2025-2026
  • Members must ensure proper recording of the part redemption in their systems

Important Dates

  • Notice Date: February 6, 2026
  • Record Date: February 11, 2026
  • Effective Date of Reduced Face Value: February 11, 2026
  • Settlement Number: DR-818/2025-2026

Impact Assessment

Market Impact: Medium - Affects holders of two specific debenture series of LODHA DEVELOPERS LIMITED. The part redemption returns capital to investors while maintaining the securities in trading with reduced face values.

Operational Impact: Trading members dealing in these debentures must update their systems to reflect the new face values from February 11, 2026. The reduction in face value impacts pricing, valuation, and settlement calculations. Debenture holders will receive partial redemption proceeds while continuing to hold securities with lower face values. This is a standard corporate action that requires system updates but does not create unusual operational challenges.

Impact Justification

Part redemption affects holders of two specific debenture series with reduced face values effective from record date, requiring trading members to note the change in settlement terms