Asset cover of 1.13 times book value in security cover certificate for non-convertible debt as on September 30, 2026
Fusion Finance shared its Security Cover Certificate for its non-convertible debt securities as on September 30, 2026.
By ScoutQuest · · 2 min read
- Cover on book value
- 1.13
- Debt securities covered (book value)
- 266.90 crore
- Total assets shown in statement
- 8,856.98 crore
What this update is
Fusion Finance Ltd has submitted its Security Cover Certificate for its non-convertible debt securities as on September 30, 2026, addressed to BSE, where its scrips are listed. The security cover statement in the annexure is prepared for Catalyst Trusteeship Limited, the debenture trustee.
Who certified it
The certificate is signed by B. K. Khare & Co., Chartered Accountants, who give limited assurance that the particulars in the statement agree with the company's unaudited financial results for the quarter and half year ended September 30, 2026. Their conclusion: nothing has come to their attention that causes them to believe the company has not complied, in all material respects, with SEBI requirements for maintaining adequate asset cover, including compliance with all covenants, as on September 30, 2026.
Key figures from the statement (book value)
- Debt securities to which the certificate pertains: 266.90 crore
- Total borrowings shown in the statement: 5,614.95 crore
- Total assets shown in the statement: 8,856.98 crore
- Assets not offered as security: 3,553.63 crore
- Loans (Gross EAD) shown as book debts receivable: 302.42 crore
- Pledged fixed deposits: 127.10 crore
- Cover on book value: 1.13
- Cover on market value: not applicable
What this means for a retail investor
A security cover certificate is a periodic check on whether the assets kept against debt are enough. Here, the assets listed in the statement cover the debt securities by 1.13 on a book value basis. The statement separately lists assets that are not offered as security, so a reader can see how much of the total asset base actually backs the debt.
Points to note
- The auditor's work was a limited assurance review; it covered whether the statement agrees with the unaudited books and whether the asset cover ratio was recomputed correctly.
- A note in the statement records that security perfection could not be done as on September 30, 2026 in respect of a borrowing amount. Security perfection is the legal step of completing and registering a charge over the assets given as security.
- The figures above are the book value columns of the statement; the market value column is marked not applicable.
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More numbers
- Debt securities to which the certificate pertains (book value)266.90
- Total borrowings in the statement (book value)5,614.95
- Total assets in the statement (book value)8,856.98
- Cover on book value1.13
- Assets not offered as security (book value)3,553.63
- Loans (Gross EAD) - book debts receivable302.42
- Pledged fixed deposits (book value)127.10
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