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.

Salem Erode Investments Limited has successfully concluded its board meeting on March 24, 2026, approving a rights issue for ₹2,293.11 lakhs. The board superseded its earlier approval from April 04, 2025, and granted fresh authorization for the fund-raising initiative under the simplified SEBI regulatory framework.

Board Meeting Outcome

The board meeting, held from 4:00 PM to 5:45 PM on March 24, 2026, approved the issuance of fully paid-up equity shares with a face value of ₹1/- each through a rights issue to eligible equity shareholders. The company filed the outcome under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Issue Committee Formation

The board constituted a Share Issue Committee to determine specific terms of the rights issue, including issue price, rights entitlement ratio, record date, timing, and payment terms. The committee comprises four members:

Regulatory Compliance Framework

The rights issue approval aligns with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with relevant SEBI circulars. The company emphasized that this represents fresh approval for the same issuance previously approved, not a new or additional equity share offering. The issuance will be conducted subject to necessary regulatory and statutory approvals under applicable laws including the Companies Act, 2013.

Issue Structure and Timeline

The rights issue will be offered to eligible equity shareholders as on the record date, which will be determined and notified subsequently. The Share Issue Committee will finalize detailed terms including the rights entitlement ratio, issue price, and payment schedule in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Company Background

Salem Erode Investments Limited operates as a subsidiary of ICL Fincorp Ltd, with its registered office in Chennai, Tamil Nadu, and corporate office in Thrissur, Kerala. The company maintains transparency through regular disclosures on its website at www.salemerode.com and continues to comply with all listing obligations under SEBI regulations. Company Secretary Visakh T. V. signed the regulatory filing confirming the board meeting outcome.