Apollo Tyres Limited — Others, 13-12-2024: Security Cover Certificate

Apollo Tyres Limited has provided a Security Cover Certificate indicating that as of September 30, 2024, the company maintains a security cover ratio of 3.50 times for its outstanding secured listed debentures totaling ₹1,345 crore. This represents an improvement from the previous quarter's ratio of 3.27 times, attributed to a decrease in debt levels. The certification confirms compliance with financial covenants, ensuring that the assets pledged adequately secure the debentures. This update reflects positively on the company's financial health, enhancing investor confidence regarding its governance and operational stability.