Fortis Healthcare Limited has informed the Exchange regarding Compliance Pursuant to Regulation 54 & Regulation 56(1) (d) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
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Fortis Healthcare has filed a Security Coverage certificate with NSE and BSE for the quarter ended March 31, 2025, as mandated by SEBI listing rules. The filing relates to 155,000 listed, secured, redeemable, non-convertible debentures with a face value of Rs 1,00,000 each, privately placed under a Debenture Trust Deed with Axis Trustee Services dated October 18, 2024. Security for the NCDs is created through a first-ranking pledge of shares of Agilus Diagnostics Limited held by Fortis, with a minimum required cover of 1.00 times the outstanding NCD value plus interest. Auditor BSR & Co. LLP has independently verified and certified that the book values are accurately extracted from audited books, the computation is arithmetically correct, and the security cover ratio exceeds the required 1.00 times threshold.
This is a routine quarterly compliance disclosure for debenture holders and does not signal any change in business or financial position. It confirms Fortis is maintaining adequate asset cover on its NCDs, which is reassuring for bondholders but largely neutral for equity shareholders.