BSEBoard MeetingFundraise22 Jun 2026
Salem Erode Investments Ltd
Considered and approved the issue of 15,000 (Fifteen Thousand Only) Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs. 1,000/- (Rupees One Thousand Only) each for ....
Salem Erode Investments Ltd has approved the issuance of 15,000 unlisted secured redeemable Non-Convertible Debentures (NCDs) of face value Rs. 1,000 each, aggregating to Rs. 1.50 crore. These NCDs will be issued on a private placement basis in one or more tranches, offering tenures of 36 or 68 months. A monthly scheme for 36 months features a 12.00% coupon rate. The debentures are secured against current assets, loans, advances, and other unencumbered assets, with a minimum security cover of 100%.
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