Lodha Developers , a prominent real estate company, has successfully raised ₹500 crore through the issuance of secured non-convertible debentures (NCDs) on the Bombay Stock Exchange (BSE). The company, formerly known as Macrotech Developers Limited, made this strategic move to bolster its financial position and fund its ongoing projects.

Debenture Details

The company has issued 50,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures, each with a face value of ₹1,00,000. These debentures offer an interest rate of 8.10% per annum, with quarterly interest payments scheduled to begin from December 31, 2025.

Key Features of the NCDs

• Listing: The debentures will be listed on the Wholesale Debt Market segment of the BSE.
• Tenure: The NCDs have a five-year tenure, with the allotment date set as September 30, 2025, and the maturity date as September 29, 2030.
• Security: A first-ranking charge will be created over certain assets of the company, as described in the Key Information Document dated September 25, 2025.
• Interest Payment Schedule: Quarterly interest payments will commence from December 31, 2025, with the final payment coinciding with the maturity date.

Regulatory Compliance

The allotment of these debentures was approved by the Executive Committee of the Board of Directors of Lodha Developers on September 30, 2025. This issuance is in compliance with Regulation 30 read with Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investor Protection

To safeguard investors' interests, the company has outlined provisions for default scenarios. In the event of delayed payment extending beyond three months from the due date, a default interest of 2% per annum over the applicable interest rate will accrue on the unpaid sum from the date of the default event.

This successful fundraising through secured NCDs demonstrates Lodha Developers' strong market position and investor confidence in the company's financial stability and growth prospects. The infusion of ₹500 crore is expected to provide the necessary capital for the company's ongoing and future real estate projects, potentially strengthening its market presence in the competitive real estate sector.

Lodha Developers Limited, a prominent real estate company in India, has announced its decision to refer a matter involving Rajendra Lodha to appropriate authorities for investigation. This development comes as part of the company's commitment to maintaining high standards of corporate governance and transparency.

Resignation and Investigation

According to a regulatory filing by Lodha Developers, Mr. Rajendra Lodha resigned from all positions within the organization on August 17, 2025. The company has now decided to escalate the matter to relevant authorities for a thorough investigation.

Zero-Tolerance Policy

In its statement, Lodha Developers emphasized its strict zero-tolerance policy towards any misconduct, regardless of the individual's seniority or position within the company. This stance underscores the firm's commitment to upholding ethical business practices.

Relationship Disclosure

The company has disclosed that Rajendra Lodha is a distant relative (fourth-degree) of Lodha Developers' Managing Director & CEO. This transparency in reporting familial connections demonstrates the company's dedication to open communication with its stakeholders.

Process Review and Implementation

In response to this incident, Lodha Developers has taken proactive measures:

1. Conducted a comprehensive review of its processes in areas related to Rajendra Lodha's former role.
2. Engaged an independent external firm to assess and recommend improvements.
3. Implemented recommendations from the external audit with immediate effect to strengthen the company's operational framework.

Regulatory Compliance

Lodha Developers has duly informed the stock exchanges about this development, adhering to its obligations as a publicly traded company.

This move by Lodha Developers to investigate and address potential issues demonstrates the company's commitment to corporate integrity and shareholder interests. As the investigation unfolds, stakeholders will be keenly watching for further developments and the potential impact on the company's operations and reputation in the real estate sector.