J.K. Cement Limited has submitted an Asset Cover Certificate from its statutory auditors, S.R. Batliboi & Co. LLP. This certificate, dated October 24, 2026, confirms the book value of assets and compliance with financial covenants related to its debentures as of September 30, 2026. The report assures investors regarding the company’s financial health and adherence to debt obligations.
J.K. Cement Releases Key Financial Assurance
J.K. Cement Limited has officially released an Asset Cover Certificate, a crucial document for its debenture holders. This certificate, issued by the company’s statutory auditors, S.R. Batliboi & Co. LLP, provides assurance on the company’s financial standing as of September 30, 2026.
Details of the Certificate
The independent auditor’s report, dated October 24, 2026, confirms that the book values of J.K. Cement’s assets are in agreement with its underlying financial records. Furthermore, it verifies the company’s compliance with all financial covenants stipulated in the Debenture Trust Deed. This includes adherence to covenants related to the Debt Service Coverage Ratio (DSCR) and Total Outside Liability to Tangible Net Worth ratios, as well as security asset cover. The certificate specifically addresses debentures with a face value of Rs. 1 lac each and an original issue amount of Rs. 100 crores.
Auditor’s Limited Assurance
S.R. Batliboi & Co. LLP conducted a limited assurance engagement. Their procedures involved verifying asset book values against company accounts and confirming compliance with financial covenants as detailed in Parts B and C of the accompanying statement. The auditors have not performed an audit to express an opinion on the financial results but have provided a conclusion based on their review procedures.
Management Confirmation
The management of J.K. Cement has confirmed compliance with all applicable covenants under the Debenture Trust Deed, including restrictions on business conduct, changes to constitutional documents, debenture structure modifications, and prohibitions on certain investments or voluntary winding up. The company states there are no other superior financial covenants with other term lenders.
Source: BSE
