Torrent Power Limited — Others, 13-03-2025: Security Cover Certificate

Torrent Power Limited has announced a board meeting on discussing the financial results for the quarter and half-year ended December 31, 2024. The company’s debenture trustee, IDBI Trusteeship Services Limited, has verified that the security cover for non-convertible debentures (NCDs) stands at 4.04 times the borrowed amount, which reflects strong asset backing. This robust coverage indicates healthy financial health and compliance with debt obligations, potentially instilling confidence among investors regarding the company’s stability and operational soundness. Overall, the update suggests a positive outlook for stakeholder interests.