Asset Cover details for the quarter ended 31.03.2026.
MCCHRLS-B · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mac Charles India Ltd has submitted its quarterly security cover certificate for NCDs outstanding as of 31 March 2026, as required under SEBI LODR. The company has listed non-convertible debentures (NCDs) of Rs. 500 million principal plus Rs. 402.52 million accrued redemption premium, totaling Rs. 902.52 million outstanding. The security cover ratio stands at 5.49x, with secured assets valued at Rs. 4,958.08 million against the NCDs, well above the minimum 1.0x required under the Debenture Trust Deed. The guarantor, Embassy Property Developments Private Limited (EPDPL), has a net worth of Rs. 40,869.77 million, comfortably above the Rs. 10,000 million covenant threshold. The loan-to-value (LTV) ratio is 18.20%, also comfortably below the 66.66% maximum permitted. Auditors Walker Chandiok & Co LLP have provided unqualified opinions confirming the 100% security cover maintenance and full covenant compliance.
The filing confirms that Mac Charles India Ltd maintains strong security cover and is in full compliance with all financial covenants for its listed NCDs, which is a positive signal for debenture holders and indicates low default risk on debt obligations.