Rashtriya Chemicals and Fertilizers Limited — Others, 11-12-2024: Security Cover Certificate

Rashtriya Chemicals and Fertilizers Limited has received an Independent Statutory Auditor's Certificate confirming the maintenance of security cover and compliance with financial covenants for its listed non-convertible debt securities as of September 30, 2024. The company has complied with all terms regarding its raised unsecured debts totaling ₹1,100 crore. This certification enhances the company's financial integrity, reassuring investors of regulatory compliance and risk management. However, a noted decrease in subsidy receivables from the government may raise concerns among shareholders regarding future cash flows, warranting close monitoring of the company's financial dynamics.