Tourism Finance Corporation of India Limited — Others, 11-03-2025: Security Cover Certificate

Tourism Finance Corporation of India Limited has provided a Security Coverage Certificate for quarter-ended December 31, 2024, indicating that the security cover for non-convertible debentures (NCDs) is 1.99 times the amount borrowed. The certificate, prepared from unaudited financial results, confirms that the asset values align with the company’s books. This strong coverage may enhance investor confidence, reflecting solid asset management. The results hint at a positive outlook, but investors should remain cautious as market conditions and operational challenges could impact performance moving forward.