Description
BSE notifies trading members of part redemption of Non-Convertible Debentures of Lodha Developers Limited with record date of 15 March 2026, resulting in reduced face values effective 13 March 2026.
Summary
BSE has informed trading members that Lodha Developers Limited has fixed a record date of 15 March 2026 for the purpose of Payment of Interest and Part Redemption of its Non-Convertible Debentures. Trading in the affected debentures will be with reduced face values effective 13 March 2026 under Settlement No. DR-839/2025-2026.
Key Points
- Two NCD series of Lodha Developers Limited are subject to part redemption with record date 15 March 2026
- Series 1 (INE670K07307, Code 976923): Part Redemption only — reduced face value of Rs. 82,624 per debenture
- Series 2 (INE670K07349, Code 977293): Part Redemption and Payment of Interest — reduced face value of Rs. 89,115 per debenture
- Reduced face value trading effective from 13 March 2026 under Settlement DR-839/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes. This is a standard corporate action notification under existing BSE debt market operational guidelines.
Compliance Requirements
- Trading members must note the reduced face values for both NCD series from 13 March 2026
- All trades in LDL debentures (INE670K07307 and INE670K07349) from 13 March 2026 onwards must reflect the revised face values
- Members should update their systems to account for the settlement under DR-839/2025-2026
Important Dates
| Event | Date |
|---|---|
| Circular Date | 11 March 2026 |
| Effective Date (Reduced Face Value Trading) | 13 March 2026 |
| Record Date | 15 March 2026 |
| Settlement Number | DR-839/2025-2026 |
Impact Assessment
This is a routine debt market corporate action. Debenture holders of the two affected NCD series will receive partial principal repayment (and interest for the second series) on the record date. The reduced face values (Rs. 82,624 and Rs. 89,115 respectively) will apply to all trades from 13 March 2026, requiring trading members and clearing systems to reflect updated pricing. Impact is limited to holders of these specific debenture series and has no broader equity market implications.
Impact Justification
Routine part redemption notice affecting two NCD series of Lodha Developers Limited; impacts debenture holders with reduced face values but is a scheduled corporate action with limited broader market impact.