Description
BSE notifies trading members of Lodha Developers Limited's record date for payment of interest and part redemption of two non-convertible debentures, with reduced face values effective March 13, 2026.
Summary
BSE has informed trading members that Lodha Developers Limited has fixed March 15, 2026 as the Record Date for payment of interest and part redemption of two Non-Convertible Debentures (NCDs). Trading in both debentures will commence with reduced face values effective March 13, 2026 under Settlement No. DR-839/2025-2026.
Key Points
- Record Date for both debentures is March 15, 2026
- Two NCD series are affected: LDL-Reset Rate-21-01-28-PVT (ISIN: INE670K07307, Code: 976923) and LDL-TBILLS-13-11-28-PVT (ISIN: INE670K07349, Code: 977293)
- LDL-Reset Rate-21-01-28-PVT: Part Redemption only; reduced face value of Rs. 82,624 per debenture
- LDL-TBILLS-13-11-28-PVT: Part Redemption and Payment of Interest; reduced face value of Rs. 89,115 per debenture
- Effective date for reduced face value trading: March 13, 2026
- Settlement No.: DR-839/2025-2026
Regulatory Changes
No new regulatory changes. This is a corporate action notice in accordance with existing BSE debt market norms for part redemption of privately placed NCDs.
Compliance Requirements
- Trading members must ensure trades in these debentures from March 13, 2026 onward reflect the reduced face values as specified.
- Members holding or trading in these securities must update their records to reflect the revised face value post-record date.
Important Dates
| Event | Date |
|---|---|
| Notice Date | March 11, 2026 |
| Effective Date (Reduced Face Value Trading) | March 13, 2026 |
| Record Date | March 15, 2026 |
Impact Assessment
This is a standard debt market corporate action affecting holders of two privately placed NCDs issued by Lodha Developers Limited. The part redemption reduces the outstanding face value of both instruments. Debenture holders will receive partial principal repayment, and holders of ISIN INE670K07349 will additionally receive interest. Secondary market trading will reflect the reduced face values from March 13, 2026. Impact is limited to NCD holders and debt market participants trading these specific instruments.
Impact Justification
Routine part redemption of two privately placed NCDs of Lodha Developers Limited affecting NCD holders and debt market participants; trading will continue with reduced face values from March 13, 2026.