CEAT Limited — Others, 19-11-2024: Security Cover Certificate

CEAT Limited's Security Cover Certificate indicates that as of September 30, 2024, the company’s assets sufficiently cover its outstanding listed secured debentures, maintaining a Security Cover Ratio of 7.93 times based on book value and 11.14 times on market value. This reflects a slight increase from the previous quarter, attributed to an increase in asset values. The compliance with financial covenants assures investors about the company's capacity to meet its obligations, which supports a positive outlook. Overall, the stability in security coverage is expected to bolster investor confidence amid current market conditions.