Submission of Security Cover as per Regulation 54 of SEBI LODR Regulations for the period ended on September 30, 2025
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust, through its Investment Manager, has submitted its statutory security cover certificate for the half-year ended September 30, 2025, as required under SEBI LODR Regulation 54. The statutory auditor SR BC & CO LLP confirmed that the Trust has maintained 100% security cover as per Debenture Trust Deeds. The pari-passu security cover ratio stands at 1.38 times on book value and 1.48 times on market value, against total secured liabilities of ₹215,865.98 million (debentures of ₹153,041.06 million, term loans of ₹62,329.07 million, and accrued interest of ₹495.85 million). The cover is backed by pari-passu pledges of shares in 39 subsidiary/SPV entities, along with unsecured loans and investments in those entities. The auditor also confirmed compliance with all financial, affirmative, informative, negative and general covenants, with no breaches reported by the Debenture Trustee.
This is a routine regulatory compliance filing confirming that debenture holders are fully secured. The cover ratios above 1.0x indicate healthy asset backing for bondholders. No material impact on unit price is expected, though it reinforces investor confidence in debt servicing capability.