The South Indian Bank Limited has informed the Exchange regarding Disclosure under Regulation 54 of SEBI (LODR) Regulations, 2015.''.
SOUTHBANK · price
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South Indian Bank has submitted a security cover certificate to the exchanges for its listed non-convertible debentures (NCDs) for the quarter ended June 30, 2025, as required under SEBI LODR Regulation 54. The bank has two outstanding unsecured listed NCDs totaling Rs 790 crore: Rs 300 crore (ISIN INE683A08028) maturing on October 31, 2025, and Rs 490 crore (ISIN INE683A08036) maturing on May 28, 2028. Since all outstanding debt securities are unsecured in nature, the auditors issued a 'nil' security cover certificate. The statutory auditors (M.P. Chitale & Co.) also confirmed that the bank has complied with all covenants of the debenture trust deeds for the period April 1, 2025 to June 30, 2025, with no defaults during the quarter.
This is a routine regulatory compliance filing and not a material business event. Shareholders may note that one of the NCDs (Rs 300 crore) is due to mature in about 3 months, while the larger Rs 490 crore NCD matures in 2028. Compliance with all debt covenants and absence of any defaults is a neutral-to-positive confirmation for debenture holders.