UltraTech Cement Limited — Others, 12-03-2025: Security Cover Certificate

UltraTech Cement Limited has confirmed that its listed debt securities, amounting to Rs. 500 Crore, are secured with a robust asset coverage ratio of 11.32 times the principal and interest obligations. This substantial coverage is derived from a portfolio of assets, highlighting strong financial health and effective risk management. All covenants related to these securities have been duly complied with. Investors may view this as a positive outlook, reflecting the company's solid asset backing and adherence to financial obligations, although the recent decrease in security cover due to asset depreciation warrants attention.