Salem Erode Investments Limited has announced that its board meeting is scheduled to be held on Tuesday, May 26, 2026. The meeting will take place at the corporate office of the company. The primary agenda for the meeting is to consider and approve the audited standalone financial results for the quarter and year ended March 31, 2026.

The intimation regarding the board meeting was submitted to BSE Limited under Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Key Meeting Details

The following table summarizes the key information regarding the upcoming board meeting:

The company has requested the stock exchange to take the information on record. Salem Erode Investments Limited is a subsidiary company of ICL Fincorp Ltd.

Salem Erode Investments Limited has provided clarification to BSE regarding recent movements in its share price, linking the fluctuation to a significant corporate development approved by its Board of Directors.

Rights Issue Approval Details

The company's Board of Directors, in their meeting held on March 24, 2026, approved a substantial fund raising initiative through rights issue. The approved fundraising involves the offer and issuance of fully paid-up equity shares.

Compliance and Trading Window Closure

The company demonstrated adherence to regulatory requirements by implementing proper compliance measures around the Board meeting. Prior intimation for the Board Meeting was filed on March 19, 2026, ensuring transparency in corporate communications.

The trading window for dealing in the company's securities was closed for all relevant parties from March 19, 2026 until 48 hours after declaration of the meeting outcome. This closure applied to:

• Connected Persons
• Insiders
• Designated Persons
• Their immediate relatives

The closure was implemented in accordance with the Code of Conduct under the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended.

Company's Position on Price Movement

In response to BSE's query dated April 13, 2026, the company believes that the recent share price movement may be attributable to the rights issue approval. The company has explicitly confirmed that there is no other undisclosed material information or event that may have contributed to the price movement.

This clarification, signed by Company Secretary & Compliance Officer Visakh T. V., was submitted to BSE on April 14, 2026, providing transparency regarding the factors influencing the company's share price performance.