Salem Erode Investments Limited has announced a board meeting scheduled for January 30, 2026, to deliberate on fund raising initiatives through non-convertible debentures. The company has formally notified BSE Limited about this upcoming board meeting under regulatory compliance requirements.

Board Meeting Details

The meeting is scheduled to take place on Friday, January 30, 2026, at the company's corporate office. The board will consider and approve fund raising through the issue of Secured Redeemable Non-Convertible Debentures on a private placement basis.

Regulatory Compliance

The company has issued this intimation under Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The official communication was sent to BSE Limited on January 27, 2026, ensuring compliance with prior intimation requirements for board meetings.

Company Communication

The formal notification was signed by Visakh T V, Company Secretary with membership number A53607. The communication was digitally signed and addressed to BSE Limited at P. J. Tower, Dalal Street, Mumbai. The company maintains its corporate communication through multiple channels including phone and email contacts for stakeholder engagement.

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.