Compliances under Reg 54 Asset Cover details 30th June 2025.
MCCHRLS-B · price
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Awaiting price reaction for this filing.
Mac Charles (India) Ltd has filed its quarterly security cover details as required under SEBI LODR Regulation 54 for its outstanding listed Non-Convertible Debentures (NCDs) as of 30 June 2025. The company has ₹500 million in Zero Coupon, Senior, secured, rated, redeemable and listed NCDs outstanding, with total debt covered (including accrued interest and redemption premium) of ₹788.06 million, against ₹1,772.85 million in book-value assets under exclusive charge and a much larger asset pool of ₹16,999.88 million when including all assets. The security cover ratio works out to 2.30x on book value and 6.89x on market value, comfortably above the 1x requirement. The pledged assets include land, investment property (including assets of subsidiary Mac Charles Hub Projects), loans to subsidiaries, and trade receivables.
Routine quarterly compliance filing — no immediate share-price trigger. The healthy security cover (2.30x book / 6.89x market) is reassuring for NCD holders, confirming the company has more than sufficient assets pledged against its ₹500 million NCD issue.