Description
BSE notifies trading members of the actual revised reduced face value for two debenture series of Lodha Developers Limited (scrip codes 976923 and 977293) following part redemption, effective March 04, 2026.
Summary
BSE Notice No. 20260302-16 dated March 02, 2026, issued in continuation of Exchange Notice No. 20260206-10 dated February 06, 2026, informs trading members of the actual revised reduced face values for two debenture series of Lodha Developers Limited following part redemption. The record date was February 11, 2026, and the debentures will trade with the revised face values from March 04, 2026.
Key Points
- Two debenture series of Lodha Developers Limited are subject to part redemption, resulting in revised reduced face values.
- LDL-Reset Rate-21-01-28-PVT (Scrip Code: 976923 | ISIN: INE670K07307): Revised face value set at Rs. 84,052/- per debenture.
- LDL-TBILLS-13-11-28-PVT (Scrip Code: 977293 | ISIN: INE670K07349): Revised face value set at Rs. 91,115/- per debenture.
- This notice provides the actual/confirmed reduced face values following the earlier notice that announced the record date.
- Reference: DR-832/2025-2026.
Regulatory Changes
No new regulatory framework is introduced. This notice operationalises the part redemption corporate action previously announced via Notice No. 20260206-10 by confirming the exact reduced face values at which the debentures will trade post-redemption.
Compliance Requirements
- Trading members are required to take note of the revised reduced face values for both debenture series.
- Systems and records must reflect the updated face values (Rs. 84,052 and Rs. 91,115 respectively) for the two scrip codes effective March 04, 2026.
- No additional filing or reporting obligation is specified for trading members beyond acknowledgement.
Important Dates
| Event | Date |
|---|---|
| Earlier notice (record date announcement) | February 06, 2026 |
| Record Date for Part Redemption | February 11, 2026 |
| This Notice Date | March 02, 2026 |
| Effective date for trading at revised face value | March 04, 2026 |
Impact Assessment
This circular has a medium operational impact on trading members who hold or trade in the two specified Lodha Developers debenture series. The revised face values represent a reduction from the original face value, reflecting the partial principal repayment made to debenture holders. Market participants must update pricing, margining, and valuation systems for scrip codes 976923 and 977293 before trading commences on March 04, 2026. The impact is confined to the debt segment and does not affect Lodha Developers’ equity shares.
Impact Justification
Operationally significant for trading members holding these specific debenture series as face values are revised downward; limited to two debt instruments of one issuer with a clear effective date.