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.

Salem erode investments Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, made on April 10, 2026, covers the quarter ended March 31, 2026 and demonstrates the company's adherence to depositories regulations.

Regulatory Compliance Details

The certificate was filed under regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary Visakh T V, with membership number A53607, signed the compliance document on behalf of Salem Erode Investments Limited.

Registrar Confirmation

Niche Technologies Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on April 06, 2026. The ISO 9001:2015 certified company, based in Kolkata, confirmed compliance with dematerialisation processes during the quarter.

The registrar's certificate confirms several key compliance aspects:

• Securities received from depository participants for dematerialisation were properly confirmed to depositories
• All securities comprised in the certificate have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners

Corporate Structure

Salem Erode Investments Limited operates as a subsidiary company of ICL Fincorp Ltd. The company maintains its registered office in Chennai, Tamil Nadu, and corporate office in Irinjalakuda, Thrissur, Kerala. The company was incorporated in 1931 with CIN number L31200TN1931PLC145816.

Documentation Process

The compliance certificate was digitally signed by Company Secretary Visakh T V and submitted to multiple regulatory bodies. Apart from BSE Limited, copies were also sent to National Securities Depository Limited and Central Depository Services (India) Limited, ensuring comprehensive regulatory notification.

Ashok Sen, Manager – EDP at Niche Technologies Private Limited, signed the registrar's confirmation certificate, validating the proper execution of dematerialisation processes during the quarter ended March 31, 2026.