Lodha Developers Limited has announced the allotment of 35,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹350 crore. The Executive Committee approved the allotment on September 16, 2025, through a private placement basis. These “Secured NCDs” bear an interest rate of 7.87% p.a. payable quarterly, with the first payment due on December 31, 2025.
Debenture Allotment Details
Lodha Developers Limited has successfully allotted 35,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures. Each debenture has a face value of ₹1,00,000, bringing the total allotment to ₹350 crore. The allotment was approved by the Executive Committee on September 16, 2025, and issued through private placement.
Key Terms of the NCDs
The debentures carry an interest rate of 7.87% p.a., payable quarterly. The interest payment schedule begins on December 31, 2025, with subsequent payments made quarterly until the final maturity date. The maturity date for these debentures is September 15, 2029.
Security and Redemption
The NCDs are secured by a first-ranking charge over certain assets. In case of a delay in interest or principal payment for more than 3 months, a default interest of 2% per annum above the applicable interest rate will be levied. Redemption will be at face value in 12 quarterly installments, commencing from December 31, 2026, with the last installment due on the final maturity date.
Source: BSE
