Lodha proposes full redemption of 35,000 NCDs on 21 October
The proposed redemption covers a listed debt series with a record date of 5 October; the payment is not yet completed.
Key points
- The proposal covers 35,000 secured, listed NCDs under ISIN INE670K07307.
- Lodha has set 21 October 2026 as the redemption date and 5 October as the record date.
- The proposal concerns a debt series that has already undergone partial redemptions in 2026.
Lodha Developers Limited has proposed full redemption of 35,000 secured, listed non-convertible debentures (NCDs) on 21 October 2026. The company fixed 5 October 2026 as the record date for holders of the series, identified by ISIN INE670K07307 and listed on the BSE and NSE debt segments. The proposed payment has not yet been completed.
The NCDs are debt securities that do not convert into company shares. The company’s investor-relations filing list includes an item titled “Voluntary Redemption_Record Date - INE670K07307”. The BSE identifies the instrument under scrip code 976923 as an LDL reset-rate NCD with a stated maturity date of 21 January 2028.
A series with earlier partial redemptions
The proposal follows partial redemptions of the same 35,000-NCD series during 2026. Exchange notices recorded a redemption of ₹3,575 per NCD in February, with ₹12.51 crore reported as the amount redeemed. Further notices listed partial payments in May, July and September.
For the September payment, the exchange notice showed ₹1,428 redeemed per NCD, with a payment date of 30 September and a record date of 14 September. It listed the face value before that payment as ₹75,703 and the value after redemption as ₹74,275. These scheduled reductions form part of the series’ repayment history; they are separate from the proposed full redemption on 21 October.
The payout amount for the October proposal has been reported as provisional and inclusive of accrued interest. The final amount has not been stated in the company filing text reviewed for this report, so it is not included here. A separate exchange bulletin refers to a part redemption under another Lodha NCD scrip, 977293, with a 14 October record date. That is a different scrip from the series covered by the 21 October proposal.
What holders should watch
The 5 October record date identifies the holders eligible for the proposed payment. The next date to watch is 21 October, when redemption is scheduled. Holders should refer to the company’s exchange filing and their depository or broker statement for the final payment terms and the amount credited.
For Lodha, the proposal is a debt-management action rather than a property launch or project announcement. It relates to a particular borrowing series and does not, by itself, provide information on the company’s operating performance or project sales. Investors will be watching for confirmation that the redemption is completed and for details of any further scheduled payments on the series.
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