Jindal Stainless Limited — Important, 06-08-2025: General Updates

Jindal Stainless (JSL) has secured a Security Cover Certificate, confirming strong asset backing for its Non-Convertible Debentures (NCDs) as of June 30. The company's auditors verified that the book value of assets provides a robust 3.69 times cover for the outstanding NCDs, which total 105.46 Cr (including accrued interest). This indicates solid asset support for its secured debt, signaling compliance with financial covenants and stability for investors.