Description

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

Summary

BSE has informed trading members of the actual revised reduced face values for two Lodha Developers Limited debentures following part redemption. This is in 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 event. The revised face values are effective from March 04, 2026.

Key Points

  • Continuation of earlier notice (No. 20260206-10 dated February 06, 2026) regarding part redemption of Lodha Developers Ltd debentures
  • Record date was February 11, 2026
  • Two debenture series are affected: scrip codes 976923 and 977293
  • LDL-Reset Rate-21-01-28-PVT (ISIN: INE670K07307, scrip code 976923): Revised reduced face value set at Rs. 84,052/- per debenture
  • LDL-TBILLS-13-11-28-PVT (ISIN: INE670K07349, scrip code 977293): Revised reduced face value set at Rs. 91,115/- per debenture
  • Reference: DR-832/2025-2026

Regulatory Changes

No new regulatory changes introduced. This notice confirms the operational outcome of a previously announced part redemption event, providing the actual revised reduced face values that replace the prior face values for trading purposes.

Compliance Requirements

  • Trading members must update their systems to reflect the new reduced face values for both debenture scrips
  • All trades in scrip codes 976923 and 977293 must be executed at the revised reduced face values effective March 04, 2026
  • Members are required to take note of the revised face values as communicated

Important Dates

  • February 06, 2026: Original exchange notice (20260206-10) issued announcing part redemption
  • February 11, 2026: Record date for part redemption
  • March 02, 2026: This notice issued confirming actual revised reduced face values
  • March 04, 2026: Effective date for trading at revised reduced face values

Impact Assessment

This circular has a contained impact limited to participants in the BSE debt segment who trade in Lodha Developers Limited debentures. The revised face values (Rs. 84,052 for scrip 976923 and Rs. 91,115 for scrip 977293) reflect partial principal repayment and must be incorporated into trading and settlement systems before March 04, 2026. Debenture holders have already been impacted via the February 11, 2026 record date; this notice is primarily operational guidance for trading members to ensure accurate pricing and settlement going forward.

Impact Justification

Directly affects holders and traders of two specific Lodha Developers debentures, requiring updated face values in trading systems from March 04, 2026; limited to debt segment participants.