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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Lodha Developers Ltd

Lodha Developers allots ₹500 Crore rated NCDs on private placement basis

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 30 Mar 2026, 12:28 PM IST  ·  BSE ID: 63c68699-b454-4a32-a85d-7785636f5d7d
View Original BSE Filing (PDF)
💡
In Simple Terms
Lodha Developers raised ₹500 Crore by issuing bonds that pay 8.52% yearly interest and mature in 10 years.
🤖 AI Summary
  • Allotment of 50,000 rated, listed NCDs worth ₹500 Crore at ₹1,00,000 face value each
  • 8.52% p.a. interest payable half-yearly; first payment September 30, 2026
  • 10-year tenure — maturity March 31, 2036; listed on NSE Wholesale Debt Market
  • Senior, secured instruments with first ranking charge over specified assets
  • Default interest 2% p.a. above applicable rate if payment delayed over 3 months
🔢 Key Numbers — exact figures from BSE filing, not rounded
NCD Allotment Size
₹500 Crore (50,000 debentures @ ₹1,00,000 each)
Coupon Rate
8.52% per annum
Maturity Date
March 31, 2036 (10-year tenure)
First Interest Payment
September 30, 2026
Default Interest Penalty
2% per annum over applicable rate if delayed >3 months
🏢 How This Affects the Company
💰
Financial Impact
NCD issuance adds ₹500 Crore to balance sheet as debt capital. Interest obligation of approximately ₹42.6 Crore p.a. (8.52% on ₹500 Crore) begins September 2026. Secured by first ranking charge over specified assets, creating collateral encumbrance.
⚠️
Risk Impact
10-year fixed debt obligation of ₹500 Crore increases leverage. Default consequences include 2% p.a. penalty interest. Asset encumbrance may limit future borrowing flexibility for collateral-dependent financing.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor debt maturity schedule and refinancing plans in annual reports.
👤
Who Is Affected
Equity shareholders' residual claim subordinated to ₹500 Crore senior secured NCD holders. Leverage ratio increases, impacting dividend sustainability metrics.
🔍
Management Signal
Capital structure expansion via secured debt indicates management confidence in asset-backed financing and project cash generation capacity.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
First interest payment confirmation September 30, 2026 — validate ₹21.3 Crore outflow
Annual report debt disclosure — track ₹500 Crore liability classification and refinancing plans
Credit rating update from rating agency — monitor NCD instrument rating for investor confidence
MEDIUM RISK ₹500 Crore fixed debt obligation increases financial leverage. First ranking asset charge limits collateral availability. 10-year maturity requires refinancing or cash generation capacity confirmation.
💡 Investor Takeaway
Lodha Developers raised ₹500 Crore via rated, listed NCDs at 8.52% p.a. interest. Instruments secured by first ranking charge on specified assets, mature March 31, 2036. Annual interest obligation commences September 2026 at approximately ₹42.6 Crore.
⚖️ Strengths & Concerns

✅ Positives

  • Listed instrument on NSE WDM enables secondary market liquidity and transferability for debenture holders
  • Rated secured NCDs with first ranking charge reduce credit risk relative to unsecured debt instruments

⚠️ Concerns

  • ₹500 Crore fixed debt obligation increases annual interest expense burden by ₹42.6 Crore from September 2026
  • 10-year maturity creates extended liability; first ranking charge encumbers key assets for debt repayment
📅 Company Track Record
No prior BSE filings available for Lodha Developers Limited. Company formerly known as Macrotech Developers Limited.

Based on publicly available historical data. For context only.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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