UltraTech Cement Limited — Others, 12-12-2024: Security Cover Certificate

UltraTech Cement Limited has issued listed secured debt securities amounting to ₹500 crore, backed by a strong asset cover ratio of 11.60 times against the total principal and interest. This comprehensive certification from DPSY & Associates confirms the company's compliance with all terms relating to these securities. The decline in the security cover ratio from the previous quarter is attributed to asset depreciation and accrued interest. For investors, the robust asset backing indicates a strong position, although the drop in coverage may present a potential risk. Overall, this news suggests a stable outlook for UltraTech’s debt obligations.