Salem Erode Investments Ltd — Important, 01-08-2026: Company Update

Salem Erode Investments Limited's Debenture and Bond Committee has approved the allotment of 36,950 Unlisted Secured Redeemable Non-Convertible Debentures. These NCDs, each with a face value of ₹1,000, aggregate to ₹3.695 crore and were allotted on a private placement basis. A notable portion, ₹3 crore, was allotted to ICL Fincorp Limited, which is the company's Holding Company. This capital raise through NCDs helps strengthen the company's financial resources and supports its ongoing operations.