Asset cover details as on 31032025 is attached
RCF · price
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RCF's Board, at its May 27, 2025 meeting, approved the Audited Financial Results (Standalone and Consolidated) for Q4 and FY ended March 31, 2025, with an unmodified opinion from auditors. The Board recommended a final dividend of Rs.1.32 per equity share (13.20% on paid-up capital) for FY25, subject to shareholder approval at the upcoming AGM; payment will follow within 30 days of declaration. As part of SEBI (LODR) compliance, the company filed the Security Cover report for its listed Non-Convertible Debentures - a secured NCD of Rs.500 crore (6.59%, Series I-2020) backed by movable plant & machinery and subsidy receivables, and an unsecured NCD of Rs.300 crore (7.99%, Series 1-2024). The auditor (Parakh & Co.) confirmed compliance with all financial covenants, with no covenant breaches or loan defaults reported for the quarter. The security cover ratio has declined from the previous quarter due to higher secured borrowings.
Shareholders can expect a modest final dividend of Rs.1.32/share, subject to AGM approval, alongside confirmation of debt covenant compliance and no defaults - supportive signs for credit quality. The declining security cover ratio warrants monitoring, as increased secured borrowings reduce the cushion available to NCD holders.