Tourism Finance Corporation of India Limited — Others, 17-06-2025: Security Cover Certificate

Tourism Finance Corporation of India Limited has announced a board meeting on the financial results for the quarter and half-year. The company’s debenture trustee confirmed a security cover of 2.37 times for the outstanding secured non-convertible debentures (NCDs) backed primarily by loans receivable valued at ₹1639.08 Cr (book value). The statutory auditor verified that this security cover complies with the terms of the debt issue and the calculations are accurate. This strong security cover provides assurance to bondholders on the company’s ability to meet its debt obligations.