Salem Erode Investments Limited has successfully completed the allotment of unlisted secured redeemable non-convertible debentures worth ₹98.00 lakhs on a private placement basis. The company informed BSE Limited about this significant corporate development through an official communication dated January 03, 2026.

Board Committee Approval

The Debenture and Bond Committee of the Board of Directors approved the allotment during their meeting held on January 03, 2026. This committee decision enabled the company to proceed with the private placement of debt securities as part of its capital raising initiatives.

Debenture Allotment Details

The allotment comprises specific parameters that define the structure and value of the debt instruments:

Each debenture carries a face value of ₹1,000.00, with the total issuance reaching 9,800 units. The aggregate amount of ₹98,00,000 represents the complete value of this debt instrument allotment.

Regulatory Compliance

Salem Erode Investments Limited disclosed this allotment under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated the outcome to BSE Limited, where it trades under scrip code 540181.

Company Secretary Visakh T V signed the official communication, ensuring proper documentation and regulatory adherence. The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders and regulatory authorities.

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, while its corporate office is located in Irinjalakuda, Thrissur, Kerala. This debenture allotment represents a significant step in the company's capital structure management and funding strategy.

Salem Erode Investments Limited announced that its Board of Directors has approved the issuance of unlisted secured redeemable non-convertible debentures worth ₹13.00 crores. The board meeting, held on December 23, 2025, commenced at 11:00 A.M. (IST) and concluded at 12:00 P.M. (IST), where directors considered and approved this significant fundraising initiative.

Debenture Issue Details

The company has approved the issuance of 13,000 unlisted secured redeemable non-convertible debentures with specific parameters designed to attract investors across different risk and return preferences.

Investment Schemes and Tenure Options

The debentures offer multiple investment schemes catering to different investor preferences, with tenure options ranging from 36 to 68 months.

Monthly Scheme - 36 Months

• Coupon Rate: 12.00%
• Payment Schedule: Payable on first day of every month
• Put Option: Available with terms specified in Private Placement Offer cum Application Letter

Cumulative Scheme - 36 Months

• Coupon Rate: Not applicable
• Payment Schedule: Payable on maturity
• Put Option: Available with specified terms and conditions

Cumulative Scheme - 68 Months (Doubling)

• Coupon Rate: Not applicable
• Payment Schedule: Payable on maturity
• Investment Feature: Doubling scheme structure

Security and Collateral Framework

The proposed debenture issue incorporates comprehensive security measures to protect investor interests. The debentures are fully secured against current assets, loans and advances, including standard gold loan receivables, and other unencumbered assets of the company, excluding fixed assets, both present and future.

Allotment and Maturity Timeline

The company has established clear timelines for the allotment process and maturity dates. Allotment shall be completed within 30 days from the date of receipt of application money. The date of maturity falls based on the selection of tenure schemes, either 36 months or 68 months from the date of allotment of debentures.

Redemption of debentures will be made only at the maturity date unless put option is exercised by the debenture holder before maturity as per the terms and conditions specified in the Private Placement Offer cum Application Letter. The company will issue Private Placement Offer cum Application Letter in form PAS-4 covering details and financial summary of the company.

Regulatory Compliance

The disclosure has been made in accordance with master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 issued by the Securities and Exchange Board of India. The company has confirmed that no matters adversely affecting the security and/or the assets of the company have occurred as on the date of the board meeting. Additionally, there have been no delays in payment of interest/principal amount for a period of more than three months from the due date or default in payment of interest/principal.