Description
BSE notifies trading members of record date and part redemption of Non-Convertible Debentures of Lodha Developers Limited, with reduced face values effective from March 13, 2026.
Summary
BSE has notified trading members that Lodha Developers Limited has fixed a record date of March 15, 2026 for part redemption of its Non-Convertible Debentures (NCDs). Two debenture series are affected, with trading in these debentures set to continue at reduced face values effective March 13, 2026 under Settlement No. DR-839/2025-2026.
Key Points
- Record date fixed: March 15, 2026 for both debenture series
- Two NCD series of Lodha Developers Limited are affected
- Trading will occur with reduced face values from March 13, 2026
- Settlement number applicable: DR-839/2025-2026
- Series 1 (INE670K07307, Code 976923): Part Redemption only — reduced face value Rs. 82,624 per debenture
- Series 2 (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 pursuant to existing BSE listing and debt market regulations requiring disclosure of record dates and reduced face values for part redemption events.
Compliance Requirements
- Trading members must note the reduced face values for both debenture series effective March 13, 2026
- Trades from the effective date must reflect the reduced face values as specified
- Members should update their systems to reflect the new face values for the respective ISINs
Important Dates
| Event | Date |
|---|---|
| Circular Date | March 11, 2026 |
| Effective Date for Reduced Face Value | March 13, 2026 |
| Record Date | March 15, 2026 |
Impact Assessment
This circular has a moderate and localized impact, affecting holders and traders of two specific NCD series issued by Lodha Developers Limited. The reduction in face value reflects partial principal repayment to debenture holders. Traders must account for the new reduced face values when executing trades from March 13, 2026 onward. The second series additionally includes an interest payment, which may affect accrued interest calculations for holders on record as of March 15, 2026.
Impact Justification
Routine part redemption of NCDs affecting two debenture series of Lodha Developers Limited; impacts holders of these specific debt instruments with reduced face values from a near-term effective date.