Description

BSE notifies trading members of the actual revised reduced face value for Lodha Developers Limited debentures (scrip codes 976923 and 977293) following part redemption, effective March 04, 2026.

Summary

BSE has issued Notice No. 20260302-16 informing trading members of the actual revised reduced face value for two privately-placed debenture series of Lodha Developers Limited. This notice is a continuation of Exchange Notice No. 20260206-10 dated February 06, 2026, which had established a record date of February 11, 2026 for the part redemption.

Key Points

  • Two debenture series of Lodha Developers Limited are subject to part redemption
  • Scrip Code 976923 (LDL-Reset Rate-21-01-28-PVT, ISIN: INE670K07307): Revised reduced face value set at Rs. 84,052 per debenture
  • Scrip Code 977293 (LDL-TBILLS-13-11-28-PVT, ISIN: INE670K07349): Revised reduced face value set at Rs. 91,115 per debenture
  • This is a continuation of the earlier notice (No. 20260206-10) with the confirmed actual revised values
  • Reference: DR-832/2025-2026

Regulatory Changes

No new regulatory framework changes. This is an operational notice confirming the final reduced face values for debentures that have undergone part redemption as previously announced.

Compliance Requirements

  • Trading members must update their systems to reflect the revised reduced face values for both debenture series
  • All trades on these debentures must be executed at the new reduced face values from the effective date onward
  • Members are required to take note of and comply with the revised face value information

Important Dates

  • Record Date: February 11, 2026 (previously announced via Notice No. 20260206-10 dated February 06, 2026)
  • Effective Trading Date at Revised Face Value: March 04, 2026
  • Notice Date: March 02, 2026

Impact Assessment

This notice has a moderate impact on the debt market segment. Traders and holders of Lodha Developers’ privately-placed debentures (scrip codes 976923 and 977293) must adjust their valuations and trading prices accordingly from March 04, 2026. The face value reductions reflect the partial principal repayment made to debenture holders. The impact is limited to participants in the debt segment dealing in these specific instruments.

Impact Justification

Affects debenture holders and traders of two specific privately-placed debt instruments of Lodha Developers; reduced face values are now confirmed and trading adjustments are required from March 04, 2026.