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NLC India Limited’s listed secured bonds totaling Rs. 2,107.14 Cr, including accrued interest, continue to maintain the required security cover with a ratio of 1.35 times as of the quarter ended March 31, 2025, marginally down from 1.36 times. The slight variation relates to the Neyveli New Thermal Power Station assets provided as additional security of Rs. 1,184 Cr but does not impact the primary security tied to the TS II Expansion Project. Independent auditors have certified the adequacy of security cover and compliance with covenants, affirming no material misstatements. This reassures bondholders on the safety of their investments.