Poonawalla Fincorp Limited — Others, 04-12-2024: Security Cover Certificate

Poonawalla Fincorp Limited has submitted its Security Cover Certificate for the quarter ended September 30, 2024, detailing listed debt securities. The total sanctioned amount for secured private placements is ₹1,250 crore across various ISINs, with a security cover ratio maintained at 1.22 times, consistent with the previous quarter. This stability in the security cover ratio suggests a robust backing for its debt obligations, which may bolster investor confidence. The unchanging ratio indicates sound financial management, potentially enhancing the company’s appeal to investors.