DLF Limited 's material subsidiary, DLF Cyber City Developers Limited (DCCDL), has successfully raised ₹1,100 crore through the issuance of Non-Convertible Debentures (NCDs) at a competitive interest rate of 6.91%. This strategic move highlights the company's proactive approach to capital management and its ability to secure favorable financing terms in the current market environment.

NCD Issuance Details

The Securities Allotment Committee of DCCDL's Board of Directors has approved the allotment of 1,10,000 NCDs, each with a face value of ₹1,00,000. Key features of the NCD issuance include:

Significance of the Fundraising

This substantial fundraising effort by DCCDL, a High Value Debt Listed Entity, demonstrates the company's strong financial position and creditworthiness in the market. The competitive interest rate of 6.91% suggests investor confidence in DCCDL's business model and future prospects.

Regulatory Compliance

In adherence to regulatory requirements, DLF Limited has promptly disclosed this development to the stock exchanges. The company has emphasized that DCCDL has already made the requisite disclosure to BSE Limited, where its NCDs are listed.

DLF Limited Trading Window Closure

In a separate but related announcement, DLF Limited has informed the stock exchanges about the closure of its trading window. Key points include:

• Closure Period: From 1st October 2025 until 48 hours after the declaration of financial results for the quarter and half-year ending 30th September 2025
• Applicable to: All Designated Persons, their immediate relatives, and individuals with whom they have a material financial relationship
• Restriction: No dealing or trading in the company's securities during the closure period

This trading window closure is in compliance with DLF's Code of Conduct and SEBI regulations, ensuring fair trading practices and preventing insider trading.

The successful NCD issuance by DCCDL, coupled with DLF Limited's proactive regulatory compliance, underscores the group's commitment to transparent operations and robust financial management. These developments are likely to be viewed positively by investors and stakeholders in the real estate sector.

DLF Limited , a leading real estate developer in India, recently held an analysts and investors meet, showcasing its robust financial performance and outlining its growth strategy. The company presented a comprehensive corporate overview, highlighting its achievements and future plans.

Financial Highlights

DLF reported impressive financial results for the first nine months of the fiscal year 2025 (9MFY25):

The company's development business demonstrated strong performance, with new sales bookings of Rs 14,778.00 crore in 9MFY25, boasting embedded margins of 60%.

Debt Reduction and Dividend Track Record

DLF has made significant strides in reducing its debt burden:

• Net debt improved from Rs 24,028.00 crore in FY21 to Rs 14,679.00 crore in 9MFY25
• Net debt-to-EBITDA ratio expected to decline to approximately 2-2.5x for FY25

The company has maintained a consistent dividend payout record:

• 17 consecutive years of dividend payouts
• Three consecutive years of dividend increases

Business Segments and Growth Potential

DLF operates through two main segments:

1. Development Business: Focuses on residential and commercial sales
2. Annuity Business: Concentrates on office and retail leasing

The company's annuity business currently operates approximately 44 msf of rental assets with a high occupancy rate of 93%.

DLF's land bank is sufficient for over 20 years of growth, with a total development potential of 287 msf across various locations.

Future Outlook and Targets

DLF has set ambitious targets for the future:

• Achieve a gross debt zero position in the development business in the near term
• Reach group net debt zero by FY30
• Invest in growth capex of over Rs 26,000.00 crore

Conclusion

DLF Limited's recent analysts and investors meet highlighted the company's strong financial performance, successful debt reduction strategies, and promising growth outlook. With its robust business model spanning development and annuity segments, coupled with a significant land bank, DLF is well-positioned to capitalize on the growing real estate market in India.

The company's focus on debt reduction, consistent dividend payouts, and substantial investment plans demonstrate its commitment to creating long-term value for shareholders while maintaining a strong financial position in the competitive real estate sector.