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CEAT Limited's Security Cover Certificate has confirmed that as of 30th September 2024, the company maintains a Security Cover Ratio of 7.93 times (book value) and 11.14 times (market value) against its secured debentures of ₹10,000 Cr. These ratios indicate compliance with the required financial covenant of maintaining at least 1.25 times coverage for its borrowings. The increase in the Security Cover Ratio compared to the previous quarter is attributed to an appreciation in the value of secured assets. This announcement reflects positively on CEAT's financial health, potentially boosting investor confidence in the company's operational strength and adherence to financial covenants.