Lodha Developers has successfully allotted 30,000 secured, redeemable, non-convertible debentures (NCDs) aggregating ₹300 crore on a private placement basis to raise capital. The instruments carry a coupon rate of 8.28% per annum, providing a fixed income stream to investors until maturity on February 15, 2030. This issuance strengthens the company's debt capital structure through secured borrowing backed by a first-ranking charge on specific assets.

The Executive Committee of the Board of Directors approved the allotment on June 30, 2026. Each debenture has a face value of ₹1 lakh, and the securities are rated, listed, senior, and taxable. The interest rate is determined by a benchmark of the 5-day average of the 3-Month Treasury Bill plus a spread of 3.03. Interest payments are scheduled on a half-yearly basis, with the first payment due on August 15, 2025.

The NCDs will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited, ensuring liquidity for investors. A first-ranking charge has been created over certain assets to secure the debentures, as detailed in the Key Information Document dated June 24, 2026. In the event of a delay in payment of interest or principal exceeding three months, default interest will accrue at 2% per annum over the applicable rate.

Key Details of the Allotment

The following table summarises the key terms of the NCD issuance:

The company stated that the NCDs will be redeemed in accordance with the Debenture Trust Deed executed between the issuer and the Debenture Trustee. Sanjyot Rangnekar, Company Secretary & Compliance Officer, confirmed the allotment details in the regulatory filing.

Lodha Developers announced that Thane Commercial Tower A Management Private Limited has ceased to be a wholly owned subsidiary with effect from June 10, 2026. The cessation follows the transfer of proportionate equity shares to the unit holders of the Lodha iThink-Tower A project. This move is in accordance with contractual arrangements and the provisions of the Maharashtra Ownership Flats Act, 1963 (MOFA).

Thane Commercial was incorporated specifically to provide infrastructure, facility management, and allied services for the commercial building located at Eastern Express Highway, Thane. The transfer of shares corresponds to the unit holders' ownership in the project. The company stated that the transaction is not a slump sale and does not fall under related party transactions.

The subsidiary did not contribute to the turnover or revenue of the listed entity during the last financial year. As on March 31, 2026, the net worth contributed by the subsidiary was ₹ (1.25) lakh. The buyers are the designated unit holders of the premises, and none belong to the promoter or promoter group.

The completion of the transfer is expected before August 31, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sanjyot Rangnekar, Company Secretary & Compliance Officer, signed the filing.

Key Details of the Transaction