Lodha Developers Limited, a prominent real estate company, has announced a significant increase in its Non-Convertible Debenture (NCD) limit, expanding its debt fundraising capacity. The move comes as part of the company's strategy to diversify its debt pool and reduce the cost of funds.

Board Approval for Enhanced NCD Limit

Lodha Developers' Board of Directors approved raising the company's NCD limit from ₹3,000.00 crore to ₹5,000.00 crore. This ₹2,000.00 crore increase represents a substantial 66.67% boost in the company's debt fundraising capacity.

Strategic Financial Move

The decision to enhance the NCD limit is aimed at:

1. Diversifying the company's debt pool
2. Enabling continued reduction in the cost of funds on targeted debt capital
3. Providing flexibility in raising funds through private placement

Implementation Details

• The NCDs will be issued in one or more tranches.
• The issuance will be on a private placement basis.
• The Executive Committee of the Board of Directors has been authorized to take all necessary steps for the NCD issuance.

Corporate Governance and Compliance

Lodha Developers has duly informed the stock exchanges about this development, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's shares are listed on the BSE (Scrip Code: 543287) and the National Stock Exchange of India Limited (Trading Symbol: LODHA).

Company Background

Lodha Developers Limited, formerly known as Macrotech Developers Limited, is a well-established player in the Indian real estate sector. This move to increase its NCD limit suggests the company's proactive approach to managing its financial resources and optimizing its capital structure.

As the real estate market continues to evolve, Lodha Developers' decision to enhance its debt fundraising capacity could potentially provide it with greater financial flexibility to pursue growth opportunities and manage its operations effectively.

Lodha Developers Limited, a prominent real estate company, has announced a significant financial move that could potentially impact its debt structure and cost of capital. The company has scheduled a Board of Directors meeting for August 11, 2025, to discuss and consider a proposal for fundraising through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis.

Fundraising Strategy

The proposed fundraising initiative aims to achieve two primary objectives:

1. Diversify the company's debt pool
2. Enable continued reduction in the cost of funds on targeted debt capital

According to the company's intimation to the stock exchanges, the issuance of NCDs is planned to be conducted in one or more tranches. This approach suggests a strategic and phased implementation of the fundraising effort, potentially allowing Lodha Developers to adjust its debt structure in response to market conditions and company needs.

Board Meeting Details

The upcoming board meeting, scheduled for Monday, August 11, 2025, will address this proposal among other agenda items. The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about the meeting, in compliance with Regulations 29 and 50 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Recent Corporate Action

In a separate development, Lodha Developers has also reported a recent allotment of equity shares under its employee stock option scheme. On August 6, 2025, the company allotted 199,320 equity shares with a face value of ₹10 each, pursuant to the Lodha Developers Limited - Employee Stock Option Scheme 2021 – II.

Company Background

Lodha Developers Limited, formerly known as Macrotech Developers Limited, is a well-established player in the Indian real estate sector.

As the real estate market continues to evolve, Lodha Developers' move to explore NCD issuance for fundraising could be seen as a strategic step to optimize its capital structure and potentially support future growth initiatives. Investors and market observers will likely be keeping a close watch on the outcome of the upcoming board meeting and its implications for the company's financial strategy.