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Lodha Developers Limited — Capital/Financing Update 2024
Dec 23, 2024
61952_rns_2024-12-23_52098532-1004-46b1-b95f-5f20668f7ed8.pdf
Capital/Financing Update
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December 23, 2024
BSE Limited
Scrip Code: 543287 Debt Segment – 975115, 975192, 975560, 974511, 974986
National Stock Exchange of India Limited
Trading Symbol: LODHA
Dear Sirs,
Sub: Allotment of 30,000 rated, listed, senior, secured, redeemable, taxable, transferable non-convertible debentures of ₹ 1,00,000 each aggregating to ₹ 300 crore
Pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Executive Committee of the Board of Directors of the Company has today i.e., December 23, 2024, approved the allotment of 30,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures of ₹ 1,00,000 each aggregating to ₹ 300 Crore. (“ Secured NCDs ”).
In this regard, please find enclosed herewith the details pursuant to the SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023 as Annexure I .
The meeting of Executive Committee commenced at 11:15 A.M and concluded at 11:30 A.M
Kindly take the above information on record.
Thanking you,
Yours truly,
For Macrotech Developers Limited
SANJYOT Digitally signed by SANJYOT NILESH NILESH RANGNEKAR Date: 2024.12.23 RANGNEKAR 18:04:10 +05'30' Sanjyot Rangnekar Company Secretary & Compliance Officer Membership No. F4154
Macrotech Developers Limited : Lodha Excelus , NM Joshi Marg, Mahalaxmi, Mumbai 400 011, India Regd. Office : 412, Floor-4, 17G Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai 400 001, India CIN: L45200MH1995PLC093041 • T + 91 22 6773 7373 • E: [email protected]
Annexure I
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Issuance of Debt Securities
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----- Start of picture text ----- Sr. Particulars DetailsNo.1. Type of securities allotted Rated, Listed, Senior, Secured,Redeemable, Taxable, Transferable Non-Convertible Debentures (‘NCDs’)2. Type of issuance Private placement3. Total numbers of securities allotted 30,000 NCDs of ₹1,00,000 each.4. Size of the Issue ₹ 300 Crore5. Whether proposed to be listed? To be listed on the Wholesale Debt Marketsegment of BSE LimitedIf yes, name of the stockexchange(s);6. Tenure of Instrument Date of Allotment: December 23, 2024date of allotment and date of maturity Date of Maturity: December 22, 20277. Coupon/Interest offered, schedule of Interest Rate of 8.60% p.a. payablepayment of coupon/ interest and principal quarterly, payment beginning from March31, 2025 with the last interest payment beingthe Final Maturity Date8. Charge/Security, if any, created over the First ranking charge will be created overassets certain assets (as more particularlydescribed in the Key Information Documentdated December 23, 2024)9. Special rights/interest/ privileges attached N.A.to the instrument and changes thereof10. Delay in payment of Interest/principal Default Interest shall accrue on the unpaidamount for a period of more than 3 months sum from the date of occurrence of event offrom the due date or default in payment or default at 2% per annum over and above theinterest/ principal applicable interest rate.11. Details of any letter or comments N.A.regarding payment/non-payment ofinterest, principal on due dates, or anymatter concerning the security and/or theassets along with comments thereon, ifany12. Details of redemption of preference Redemption by face value in 5 quarterlyshares indicating the manner of instalments commencing from Decemberredemption (whether out of profits or out of 31, 2026; Last instalment to be paid on finalfresh issue) and debentures maturity date.13. Rating “AA-/Positive” by CRISIL RatingsLimited----- End of picture text -----
Macrotech Developers Limited : Lodha Excelus , NM Joshi Marg, Mahalaxmi, Mumbai 400 011, India Regd. Office : 412, Floor-4, 17G Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai 400 001, India CIN: L45200MH1995PLC093041 • T + 91 22 6773 7373 • E: [email protected]