SHREE CEMENT LIMITED — Others, 11-12-2024: Security Cover Certificate

Shree Cement Ltd has received a Security Cover Certificate confirming it maintains a security cover ratio of 0.35 times on book value and 6.10 times on market value as of September 30, 2024. This improvement from the previous quarter's ratios (0.30 times and 4.97 times, respectively) is attributed to a reduction in outstanding Non-Convertible Debentures (NCD) liabilities. The management remains focused on ensuring compliance, which should positively influence investor sentiment by demonstrating financial stability and risk management in the company’s operations.