Indian Overseas Bank has issued a Security Cover Certificate confirming a NIL security cover for its listed non-convertible debt as of September 30, 2026. This disclosure is made in accordance with SEBI (LODR) Regulations, 2015, and relevant circulars. The bank also clarified that all outstanding listed non-convertible debt securities issued by it are of an unsecured nature. This information is vital for debenture holders and investors tracking the bank’s financial obligations.
NIL Security Cover for Listed Debt
Indian Overseas Bank has officially confirmed that there is NIL security cover for its listed non-convertible debt as of September 30, 2026. This certification is in compliance with Regulation 54(2)/(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and recent SEBI circulars.
Unsecured Nature of Debt Securities
The bank further stated that all outstanding listed non-convertible debt securities issued by Indian Overseas Bank are of an unsecured nature. This transparency is provided for the information and appropriate dissemination to relevant stakeholders, including investors and debenture trustees.
Auditor’s Certification
The announcement is supported by an Independent Auditors’ Certificate from R. Devendra Kumar & Associates. The certificate, dated October 26, 2026, confirms that the data related to Security Cover as laid down in Annexure I, as on September 30, 2026, has been accurately extracted from the bank’s unaudited financial statements and relevant records. The auditors stated they have performed procedures to provide reasonable assurance regarding the accuracy of this data.
Source: BSE
