Rashtriya Chemicals and Fertilizers Limited — Others, 25-06-2025: Security Cover Certificate

The company has issued secured non-convertible debentures (NCDs) backed by exclusive charges on property, plant, equipment, capital work-in-progress, and book debts including subsidy receivables from the government. Total exclusive asset cover stands at around Rs. 5,492 Cr with a book value of Rs. 2,686 Cr. The overall asset cover on book value is 2.84x, reflecting strong security for debt holders despite a decrease due to increased secured borrowings. Additionally, the firm raised Rs. 300 Cr via unsecured NCDs with a 7.99% coupon, redeemable in three years. These debt instruments support the company’s capital structure and refinancing strategy.