Ashiana Housing Limited has informed the Exchange about General Updates
ASHIANA · price
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Awaiting price reaction for this filing.
Ashiana Housing has filed its quarterly Security Cover Certificate for Non-Convertible Debentures (NCDs) with the exchanges, as required under SEBI Listing Regulations. The company has Rs. 233.79 crore of NCDs outstanding out of Rs. 254 crore sanctioned, split across three unsecured tranches (totalling Rs. 108.79 crore) and one secured tranche of Rs. 125 crore (ICICI Principal NCD). Statutory auditor B. Chhawchharia & Co. has certified that the company has maintained the required security cover and complied with all covenants in the Debenture Trust Deed as at 30 June 2025. The security cover ratio stands at 3.88x on book value and a strong 14.32x on market value, indicating assets backing the NCDs are several times higher than the debt itself. This is a routine regulatory compliance submission made to the debenture trustee, Vistara ITCL (India) Ltd.
Positive but routine — the auditor confirmed full covenant compliance and a comfortable security cover well above the NCD outstanding, which is reassuring for debenture holders. No direct material impact on equity shareholders, though it reflects ongoing financial discipline.