JSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Stainless Ltd has submitted its quarterly Security Cover Certificate as required under SEBI regulations for its Non-Convertible Debentures. The company has outstanding NCDs of Rs. 99 crore (ISIN: INE220G07127) with accrued interest of Rs. 4.34 crore as of 31st March 2026. The auditor Lodha & Co LLP has certified that the book value of assets in the security cover statement has been accurately extracted from the audited books of account. The exclusive security cover ratio stands at 4.02x, indicating strong asset backing well above minimum requirements. The company has confirmed full compliance with financial covenants as per the Debenture Trust Deed with Catalyst Trusteeship Limited.
The healthy 4.02x cover ratio signals adequate security for debenture holders, suggesting low default risk on the Rs. 99 crore NCD obligation. This is a routine compliance filing with no immediate shareholder impact.