Jindal Stainless Limited has released its Security Cover Certificate for the quarter ended March 31, 2026. The report, prepared by the company’s joint statutory auditors, confirms the company’s financial compliance and asset coverage for its outstanding non-convertible debentures. With a solid Pari-Passu Security Cover Ratio of 4.02, the company maintains a strong position in meeting its financial obligations toward its debenture holders as of the close of the 2025-26 fiscal year.
Financial Compliance and Asset Coverage
Jindal Stainless Limited has successfully completed its audit procedures to verify the security cover for its outstanding non-convertible debentures as of March 31, 2026. The certificate, issued by Lodha & Co LLP, provides assurance that the company’s book value of assets has been accurately extracted from audited financial records and that all financial covenants stipulated in the Debenture Trust Deed have been duly met.
Key Financial Metrics
The report highlights the robust financial health of the company regarding its debt obligations. As of the end of Q4 (January-March 2026), the total value of assets stood at approximately ₹34,967.19 crore. The primary debenture series, INE220G07127, features a sanctioned amount of ₹99 crore with an accrued interest of ₹4.34 crore. The company’s strong security cover ratio of 4.02 underscores its commitment to maintaining capital adequacy and fulfilling its long-term financial commitments to investors.
Audit and Transparency Standards
The examination was conducted in accordance with the Institute of Chartered Accountants of India guidelines, ensuring high standards of transparency. By providing this detailed breakdown of its asset-to-liability position, Jindal Stainless Limited reinforces investor confidence and demonstrates adherence to its ongoing financial responsibilities for the completed fiscal year.
Source: BSE
