Salem Erode Investments Ltd — Important, 14-04-2026: Company Update

The company responded to an inquiry about its recent share price movement, attributing it to a significant fund-raising plan. The Board had previously approved issuing fully paid-up equity shares worth up to ₹ 22.93 Cr via a rights issue. The company stated it had provided prior notification about the board meeting where this was decided and had instituted a trading window closure for connected persons. The company confirmed no other undisclosed material information influenced the price change.