Intimation of security cover certificate provided by the Statutory Auditor''s for the period ended on June 30, 2025
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust has filed the quarterly security cover certificate from statutory auditor SRBC & Co LLP for the period ended June 30, 2025, as required under SEBI LODR Regulation 54. The auditor confirmed that the Trust has maintained 100% security cover on its secured redeemable listed non-convertible debentures and complied with all covenants in the Debenture Trust Deeds. Total secured debt (NCDs of ₹138,925.83 million plus bank term loans of ₹71,293.63 million) stood at ₹210,590.61 million, against total pari-passu assets of ₹291,198.24 million (book value), giving a pari-passu cover of 1.38x. On market value basis, the cover was 1.54x. The filing covers 32 series of NCDs and 39 subsidiary/SPV entities whose shares are pledged with the Debenture Trustee.
This is a routine quarterly compliance filing and not a price-moving event. It reassures debenture holders that IndiGrid's asset cover comfortably exceeds the 100% requirement, but is unlikely to affect unit price or investor returns materially.