Description

BSE notifies trading members of Lodha Developers Limited's record date for part redemption of two series of Non-Convertible Debentures, with reduced face values effective March 13, 2026.

Summary

BSE has notified trading members that Lodha Developers Limited has fixed a record date of March 15, 2026 for the purpose of Payment of Interest and Part Redemption of its Non-Convertible Debentures. Trading in the debentures will occur with reduced face values effective March 13, 2026 under Settlement No. DR-839/2025-2026.

Key Points

  • Two NCD series of Lodha Developers Limited are subject to part redemption
  • Record date for both series is March 15, 2026
  • Trading with reduced face value commences from March 13, 2026 (Settlement DR-839/2025-2026)
  • LDL-Reset Rate-21-01-28-PVT (INE670K07307 / Code 976923): Part Redemption only, reduced face value Rs. 82,624 per debenture
  • LDL-TBILLS-13-11-28-PVT (INE670K07349 / Code 977293): Part Redemption and Payment of Interest, reduced face value Rs. 89,115 per debenture

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification under BSE’s debt segment operational framework.

Compliance Requirements

  • Trading members must note the reduced face values for both debenture series from the effective date
  • All trades in these debentures from March 13, 2026 must reflect the updated reduced face values
  • Members should update their systems to reflect the new face values for settlement purposes

Important Dates

  • Notice Date: March 11, 2026
  • Effective Date (Reduced Face Value): March 13, 2026
  • Record Date: March 15, 2026
  • Settlement Number: DR-839/2025-2026

Impact Assessment

This is a routine corporate action affecting holders of two specific Lodha Developers NCD series in the debt segment. Investors holding these debentures will receive partial principal repayment (and interest for the TBILLS series) on the record date. The reduced face values will be reflected in trading from March 13, 2026, which may affect pricing and valuation of these instruments in secondary market transactions.

Impact Justification

Routine part redemption of two NCD series affecting debt segment trading; impacts holders of specific debenture series with reduced face values from March 13, 2026.