Auditor-certified security cover for non-convertible debt securities as at September 30, 2026
Finkurve Financial Services shared its Security Cover Certificate for its Non-Convertible Debt Securities for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
- Cover on book value
- 11.56
- Cover on market value
- 1.10
- Exclusive security cover ratio
- 1.14
What was shared
Finkurve Financial Services Ltd has submitted its Security Cover Certificate for its Non-Convertible Debt Securities for the quarter and half year ended September 30, 2026, addressed to both BSE Limited and the National Stock Exchange of India Limited. The certificate is issued by the company's statutory auditors, Ladha Singhal & Associates, Chartered Accountants, and is dated 5th November, 2026.
What a security cover certificate does
- It is a periodic statement showing what assets stand behind a company's listed non-convertible debt.
- The auditor states that the details in the statement have been correctly extracted from the books of account and other records, and that the book value of the assets and relevant debts given in the statement are true and correct.
- The certificate is provided for submission to the debenture trustees and the stock exchanges.
Key numbers in the certificate
- Cover on book value: 11.56
- Cover on market value: 1.10
- Exclusive security cover ratio: 1.14
How to read these numbers
- A cover ratio compares the value of the assets marked against the debt with the debt itself. A figure above 1 means the assets shown are worth more than the debt on that measure.
- On the market value measure and on the exclusive security cover measure, the figures of 1.10 and 1.14 are just above 1, so the asset value shown is only slightly higher than the debt on those two measures.
- The cover on book value is shown at 11.56, which is on a different basis from the other two figures.
Signed and submitted by
- The update is signed by Kajal Parmar, Company Secretary and Compliance Officer of the company.
- The certificate is signed by Ajay Singhal, Partner, Ladha Singhal & Associates, Mumbai.
What this means for a retail investor
- This is a periodic disclosure about asset backing, not an announcement of new borrowing, repayment or a change in the company's operations.
- For someone holding or considering the company's non-convertible debt, the certificate gives a quantified view of the assets shown against that debt as at September 30, 2026.
- For an equity shareholder, the update is a compliance disclosure about the debt side of the balance sheet.
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More numbers
- Cover on book value11.56
- Cover on market value1.10
- Exclusive security cover ratio1.14
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