Cholamandalam Investment and Finance Company Limited — Others, 25-06-2025: Security Cover Certificate

Cholamandalam Investment and Finance Company Limited has issued an independent auditor's certificate confirming compliance with covenants related to its secured listed Non-Convertible Debentures (NCDs). The auditors verified that the security cover, calculated based on audited standalone financials, stood above 1.0 on both book and market value basis, indicating sufficient asset coverage for the outstanding debt. Timely payment of interest and principal instalments was also confirmed. This assurance underlines the company’s strong credit discipline and asset backing for its debt instruments, providing confidence to debt holders and stakeholders.