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

Rashtriya Chemicals and Fertilizers Limited has announced a statutory auditor’s certificate confirming compliance with all financial covenants related to its listed Non-Convertible Debentures (NCDs). The secured NCDs worth Rs. 500 Cr are backed by movable plant and machinery (excluding certain Nitric Acid Plants) and government subsidy receivables, ensuring adequate security cover. The company’s 7.99% unsecured NCDs totaling Rs. 300 Cr issued in 2024 are outside the scope of this certificate. No covenant breaches were reported for the quarter, underscoring strong debt management and regulatory adherence.