Certificate under Regulation 54(2)
Awaiting price reaction for this filing.
Ballarpur Industries submitted a Security Cover Certificate to BSE for the quarter and year ended March 31, 2025, as required under SEBI LODR Regulation 54(2). The certificate, certified by statutory auditors M/s. Batliboi & Purohit, details company assets and liabilities pledged as security for its Non-Convertible Debentures (Debt Code: 975156). The annexure lists asset categories including land, building, plant & machinery, investments, inventory, and trade receivables aggregating to a book value of Rs. 647.24 Crore relevant to the security cover ratio. The underlying audit report dated May 26, 2025 carried a 'modified conclusion', indicating the auditor flagged certain matters in the financial results.
This is a routine compliance disclosure for debenture holders, but investors should note the auditor's modified conclusion, which suggests qualifications or concerns in the year-end financials worth reviewing in the full audit report.