Reliance Industries Limited — Others, 11-12-2024: Security Cover Certificate

Reliance Industries Limited's independent auditor, P.C. Patni & Co., has issued a Security Cover Certificate confirming compliance with the Debenture Trust Deeds as of September 30, 2024. The company holds secured debentures amounting to ₹23,342 crore, supported by a robust security cover ratio of 1.48 based on book value and 1.50 on market value. This indicates a stable financial standing and adherence to covenants associated with its listed non-convertible debt securities. Investors may view this as a positive outlook, reflecting sound asset management and financial health amid changing market conditions.