Lodha Developers , formerly known as Macrotech Developers Ltd, has successfully raised ₹350 crore through the allotment of non-convertible debentures (NCDs). The company's move strengthens its financial position and demonstrates investor confidence in its growth prospects.

Debenture Details

The Executive Committee of the Board of Directors approved the allotment of 35,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures. Each debenture has a face value of ₹1,00,000, culminating in a total issue size of ₹350 crore.

Key Features of the NCDs

• Listing: The debentures will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited.
• Tenure: The NCDs have a tenure of approximately four years, with the date of allotment being September 16, 2025, and the maturity date set for September 15, 2029.
• Interest Rate: The debentures carry an interest rate of 7.87% per annum, payable quarterly.
• Payment Schedule: Interest payments will commence from December 31, 2025, with the final payment coinciding with the maturity date.
• Security: A first-ranking charge will be created over certain assets of the company to secure the debentures.

Redemption Structure

The redemption of these NCDs is structured in 12 quarterly installments, set to begin from December 31, 2026. The final installment will be paid on the maturity date, ensuring a gradual repayment structure for the company.

Implications for Investors

This successful debenture allotment by Lodha Developers indicates strong investor interest in the company's debt instruments. The structured repayment plan and the secured nature of the debentures offer a balance of security and returns for investors.

Company's Financial Strategy

The raising of ₹350 crore through this NCD issue aligns with Lodha Developers' strategy to optimize its capital structure and fund its ongoing and future projects. This move may provide the company with the necessary financial flexibility to pursue its growth objectives in the real estate sector.

As the real estate market continues to evolve, Lodha Developers' ability to secure funding through various instruments demonstrates its financial acumen and market standing. Investors and market watchers will likely keep a close eye on how the company utilizes these funds to drive growth and enhance shareholder value in the coming years.

Lodha Developers Limited, a prominent real estate company, has initiated the process to reclassify Mr. Rajendra Lodha from the 'Promoter and Promoter group' category to the 'Public' category shareholder. The company has submitted applications to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for this reclassification.

Application Timeline

According to the company's official communication, the application for reclassification was submitted on August 30, 2025. Lodha Developers formally informed the stock exchanges about this development on September 15, 2025, through a regulatory filing.

Regulatory Compliance

The reclassification request is being processed in accordance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations. Specifically, the company is adhering to Regulation 31A of the SEBI LODR Regulations, which governs the reclassification of promoters as public shareholders.

Company Statement

In its filing to the stock exchanges, Lodha Developers stated:

"We wish to inform you that the Company has made an application on August 30, 2025 to BSE Limited (BSE) and National Stock Exchange Limited (NSE) for reclassification of Mr Rajendra Lodha from the 'Promoter and Promoter group' category to 'Public' category shareholder."

Implications

The reclassification, if approved, would change Mr. Rajendra Lodha's status from a promoter to a public shareholder. This move could potentially impact the company's shareholding structure and may have implications for corporate governance and regulatory reporting.

Next Steps

The stock exchanges will now review the application submitted by Lodha Developers. Shareholders and market participants will be keenly watching for the outcome of this reclassification request and its potential impact on the company's ownership structure.

Lodha Developers Limited, formerly known as Macrotech Developers Limited, continues to be a significant player in the Indian real estate market. As this reclassification process unfolds, it will be important to monitor any further developments or announcements from the company or regulatory authorities.