IIFL Finance Limited — Others, 27-06-2025: Security Cover Certificate

IIFL Finance Limited’s secured borrowings rose from Rs. 14,405.91 Cr to Rs. 18,852.76 Cr, causing the security cover ratio to decline from 1.63x to 1.46x. Despite this reduction, the security cover remains above the level required by the debenture trust deeds. This indicates the company continues to maintain adequate collateral against its secured debt, reflecting solid credit support for bondholders amid rising borrowings.