Jindal Stainless Limited — Important, 29-01-2025: General Updates

Jindal Stainless Limited has submitted the Security Cover Certificate for the quarter ending December 31, 2024, certified by Lodha & Co LLP, confirming the book value of assets related to its listed, rated, redeemable non-convertible debentures. The total book value of assets amounts to ₹18,316.30 crore, while liabilties and debt securities have been specified, which indicate an adherence to the financial covenants outlined in the Debenture Trust Deeds. The company continues to uphold its commitments to stakeholders, ensuring sound financial management. Investors should view this as a positive affirmation of security cover against the outstanding debentures, underscoring the company's stable financial footing.