NTPC Limited — Others, 01-03-2025: Security Cover Certificate

P A Tulsyan and Company issued a Security Cover Certificate for NTPC Limited, confirming a security cover ratio of 1.76 times as of 31st December 2024, compared to 1.77 times in the previous quarter. This decline results from reduced assets and increased outstanding amounts of non-convertible debentures (NCDs). The certificate confirms compliance with financial covenants for the listed entity, ensuring that covenants related to debt securities are met. Investors might view this news with a neutral outlook, considering the slight decrease in security cover ratio but recognizing the company's ongoing compliance with financial obligations.