Piramal Enterprises Limited — Others, 27-06-2025: Security Cover Certificate

Piramal Enterprises Limited has confirmed maintaining a security cover of 2.20 times (market value) against its outstanding listed non-convertible debentures (NCDs). The secured assets include investments, loans, and cash equivalents valued on a carrying or market basis where feasible, providing robust coverage relative to the debt amount of INR 1,196.43 Cr. Independent auditors verified the accuracy of this security coverage, ensuring compliance with debenture trust deeds. This strong asset backing offers reassurance to debt investors about the company’s ability to honor its secured obligations.