Jindal Stainless has issued a security cover certificate for the quarter ended December 31, 2025, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Lodha & Co LLP, Chartered Accountants, provided the certificate. The certificate details the asset coverage for the company’s non-convertible debentures, demonstrating adequate security for investors.
Security Cover Details
Jindal Stainless has released its security cover certificate for the quarter ending December 31, 2025. This certificate, provided by Lodha & Co LLP, outlines the assets providing security for the company’s listed, rated, redeemable non-convertible debentures. The security cover includes a range of assets, providing a detailed overview of the company’s asset allocation as of the end of Q3 2025.
Asset Allocation Highlights
The certificate highlights the composition of assets, including:
- Property, Plant, and Equipment: ₹8,127.10 crores
- Right of Use Assets: ₹2,639.82 crores
- Inventories: ₹5,303.67 crores
- Trade Receivables: ₹1,699.29 crores
- Other Assets: Total assets amounted to ₹35,042.65 crores
These assets are designated as either having an exclusive charge or a pari-passu charge, indicating different levels of security interest for the debenture holders.
Liability Details
The liabilities covered by this certificate primarily include:
- Debt securities: ₹101.23 crores
- Other debt sharing pari-passu charge: ₹3,812.05 crores
This information provides a clear picture of the debts secured by the company’s assets.
Security Cover Ratios
The security cover on book value has been calculated, providing insights into the asset backing for the debentures. These ratios are critical indicators of the financial health and security for investors holding the company’s debt instruments.
Debenture Details
The certificate pertains to listed, rated, redeemable non-convertible debentures with the ISIN INE220G07127, with an outstanding amount of ₹99.00 crores and accrued interest of ₹2.23 crores as of December 31, 2025.
Source: BSE
