Asset Cover details for the year ended March 31, 2026
NORTHARC · price
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Northern Arc Capital Ltd has filed its annual security cover certificate for listed secured non-convertible debentures (NCDs) as required under SEBI LODR Regulations. The company reports a security cover ratio of 1.14x (114%) for its secured NCDs worth Rs 1,00,850 lakhs. These NCDs are secured by an exclusive charge on hypothecation of specific loan receivables. Total assets considered for the security cover stand at Rs 16,65,295.75 lakhs, which includes loans and receivables of Rs 12,49,276.83 lakhs and investments of Rs 2,88,995.30 lakhs. The certificate is based on standalone audited financial statements for the year ended March 31, 2026.
The 114% security cover ratio indicates that the secured NCDs are well-backed by assets, providing comfort to debenture holders. This is a routine compliance filing and demonstrates the company's continued adherence to SEBI disclosure norms for listed debt securities.