Cholamandalam Investment and Finance Company Limited — Others, 17-06-2025: Security Cover Certificate

Cholamandalam Investment & Finance Company Limited has certified that it maintains a security cover of 1.06 times against its outstanding listed non-convertible debentures (NCDs), based on audited financials. This means the market and book value of assets charged as security for its debt exceed the NCD liabilities, indicating strong asset backing. The certificate, verified by the company’s statutory auditor and the debenture trustee, confirms accurate extraction of financial data and appropriate maintenance of security cover, providing assurance to debt holders on asset security and creditworthiness.