Indian Renewable Energy Development Agency Limited — Others, 25-06-2025: Security Cover Certificate

Indian Renewable Energy Development Agency Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company’s standalone financials for the year ending March 31, 2025, have been audited by Shiv & Associates, confirming compliance with applicable Indian Accounting Standards. Key highlights include a prudential classification of certain loans as non-performing assets (Stage III) totaling ₹1202.11 crore, with interest income on NPAs recognized on a collection basis. Impairment allowance on loan assets totals ₹11920.24 crore. No defaults were reported on debt repayments, and the company successfully raised ₹14307.37 crore via non-convertible securities during the quarter. Equity shares were listed on BSE and NSE last year, with net proceeds fully utilized for augmenting capital base and lending operations. The audit report notes no reservations about the company’s ability to continue as a going concern.