Lodha Developers Allots ₹300 Crore in Secured NCDs
Lodha Developers has allotted ₹300 crore via 30,000 secured, non-convertible debentures. The NCDs mature on February 15, 2030, with an interest rate of 8.28% p.a. payable half-yearly. Allotment approved on June 30, 2026.
The issuance of ₹300 crore in NCDs represents a significant fundraising amount that could impact the company's financial structure and leverage.
The announcement is a routine debt fundraising activity and does not inherently present positive or negative news for the company.
Lodha Developers Limited (formerly Macrotech Developers Limited) has announced the allotment of 30,000 rated, listed, senior, secured, redeemable, non-convertible debentures (NCDs) of ₹1,00,000 each, aggregating to ₹300 crore. The approval for this private placement was granted by the Executive Committee of the Board of Directors on June 30, 2026.
The Secured NCDs will mature on February 15, 2030. The interest rate offered is a benchmark (5-day average of 3-Month Treasury Bill) plus a spread of 3.03%, currently resulting in an annual rate of 8.28%, payable half-yearly. The first interest payment is scheduled for August 15, 2025, with the final interest payment coinciding with the maturity date. A first-ranking charge will be created over certain assets as described in the Key Information Document dated June 24, 2026. Default interest will accrue at 2% per annum above the applicable rate in case of default.
The NCDs are proposed to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited. The company has provided details pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
What to do with a filing like this
Lodha Developers Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Lodha Developers Limited. Read the original for the full detail.