What is the required adequacy of Debenture Redemption Reserve for "other unlisted companies"?

15% of the value of the outstanding debentures

Other unlisted companies" are required to maintain a Debenture Redemption Reserve, and the adequacy of this reserve should be 10% of the value of the outstanding debentures. This means that these companies must set aside an amount equal to 10% of the total value of the debentures issued by them to ensure that they have sufficient funds to redeem these debentures when they mature. This requirement is a regulatory measure to safeguard the interests of debenture holders and ensure that companies can meet their debenture repayment obligations.