Salem Erode Investments Ltd — Board Meeting, 02-08-2025: Board Meeting

Salem Erode Investments Limited's Board has approved raising capital through a private placement of 5,500 Unlisted Secured Redeemable Non-Convertible Debentures (NCDs). Each NCD has a face value of Rs. 1,000, totaling Rs. 0.55 Cr. These debentures offer varying tenures of 36 and 68 months. The 36-month monthly scheme carries a 12.00% coupon rate. All debentures are fully secured against the company's current assets and receivables, providing a robust security cover. This move aims to bolster the company's financial resources for its business operations.