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

Sundaram Finance Limited has maintained a security cover of 1.18 times (market value) against its outstanding non-convertible debentures (NCDs) as per an independent audit. The security primarily consists of loans (carrying value Rs 13,806 Cr), investments (Rs 6,862.59 Cr), cash & bank balances, and other assets totaling over Rs 59,214 Cr in book value. The debt covered by the certificate stands at Rs 11,717.65 Cr. This strong security cover assures bondholders that adequate assets back the company’s listed debt, reinforcing creditworthiness and financial stability for investors.