Cholamandalam Investment and Finance Company Limited — Others, 10-12-2024: Security Cover Certificate

Cholamandalam Investment & Finance Company Limited has received a security cover certificate indicating that its assets provide a coverage ratio of 1.05 times for exclusive cover and 1.59 times for pari passu cover against the interest and principal amounts of its listed debt securities. This is an improvement from the previous ratio of 1.51 times. The assessment pertains to financial data as of 30th September 2024 and reflects a strengthening of the company's asset base, enhancing investor confidence. This might indicate a positive outlook for the company’s financial stability, suggesting potential opportunities for shareholders.