Nuvoco Vistas Corporation Limited — Others, 27-06-2025: Security Cover Certificate

NuvoCo Vistas Corp. Ltd has announced a security cover certificate for its listed non-convertible debentures (NCDs) as verified by Shridhar & Associates. The company has maintained a security cover of 3.49 times based on market value and 3.71 times on book value for its outstanding NCDs. Assets offered as security include property, plant & equipment, investments, loans, inventory, trade receivables, and cash equivalents, among others. Certain assets like capital work in progress and right-of-use assets are valued at their carrying amounts due to infeasibility of market valuation. This strong security cover ensures protection for debenture holders and reflects the company’s solid asset backing for debt.