Salem Erode Investments Reports Reduced Q1 Loss, Revenue Growth Aug 13, 2025
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02Aug 25
Salem Erode Investments Approves Rs 55 Lakh Debenture Issuance Through Private Placement
Salem Erode Investments Limited (SEIL) has approved the issuance of unlisted secured redeemable non-convertible debentures (NCDs) worth Rs 55 lakhs through private placement. The issue comprises 5,500 NCDs with a face value of Rs 1,000 each, offering 36-month and 68-month tenure options. The 36-month scheme includes monthly interest (12% coupon rate) and cumulative options, while the 68-month scheme offers a cumulative doubling option. The NCDs are fully secured against current assets, loans, advances, and other unencumbered assets, with a minimum security cover of 100%.