Submission of Security Cover as per Regulation 54 of SEBI (LODR) Regulations, 2015 for the period ended on December 31, 2025
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust has filed its half-yearly security cover certificate, a routine SEBI compliance requirement for listed non-convertible debentures (NCDs). The Trust has 31 series of listed NCDs outstanding with a total face value of about Rs. 1,53,531 million (~Rs. 1.54 lakh crore), all secured on a pari-passu basis. The security cover on book value stands at 1.42 times the outstanding debt, while the cover on market value is 1.48 times—both comfortably above the 1.00 times minimum required under the Debenture Trust Deeds. Independent auditor SR BC & Co LLP has confirmed the Trust is in compliance with the 100% security cover requirement and all financial covenants, including the debt service coverage ratio, as of December 31, 2025.
This is a routine regulatory disclosure and not an event-driven filing. It confirms that debenture holders are well-protected, with assets covering debt by 1.42x to 1.48x. No negative impact on shareholders; the filing reaffirms the Trust's strong asset cover and covenant compliance, which supports investor confidence in the NCDs.