Asset Cover Details for the quarter ended on 30th September 2025.
MCCHRLS-B · price
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Awaiting price reaction for this filing.
Mac Charles (India) Ltd has submitted its quarterly Security Cover and covenant compliance report for its listed, secured, redeemable non-convertible debentures (NCDs) for the period ending 30 September 2025, as required under SEBI LODR Regulations. The company has outstanding NCDs (including accrued redemption premium) of ₹824.95 million against secured assets valued at ₹6,516.15 million, giving a Security Cover Ratio of 7.90 times — well above the 1.00 times minimum required under the Debenture Trust Deed. The Guarantor (Embassy Property Developments Pvt Ltd / EPDPL) had a net worth of ₹40,869.77 million as of 31 March 2025, comfortably above the ₹10,000 million covenant threshold. The Loan-to-Value (LTV) ratio stood at 12.66%, well within the 66.66% ceiling. Auditor Walker Chandiok & Co LLP issued unqualified conclusions on both the security cover and the financial/non-financial covenant compliance.
This is a routine regulatory compliance filing — not a strategic event. For shareholders, it confirms the company comfortably backs its NCDs with strong asset coverage (nearly 8x) and fully meets all debenture covenants, signalling low credit/collateral risk for bondholders but no direct impact on equity holders or stock price.