Salem Erode Investments
32.89
-0.01(-0.03%)
Market Cap₹37.69 Cr
PE Ratio-7.93
Company Performance:
1D-0.03%
1M-15.52%
6M-20.67%
1Y-32.69%
5Y+1,561.11%
View Company Insightsright
More news about Salem Erode Investments
08Nov 25
Salem Erode Investments Approves Rs 1.05 Crore Debenture Issue
Salem Erode Investments Limited's Board has approved the issuance of 10,500 unlisted secured redeemable non-convertible debentures (NCDs) at Rs 1,000 each, totaling Rs 1.05 crore. The private placement offers 36-month schemes with monthly or cumulative interest options, and a 68-month cumulative doubling scheme. The NCDs are secured against company assets with a 100% security cover. A put option is available for the 36-month scheme. Vistra ITCL (India) Limited is the debenture trustee, with allotment expected within 30 days of receiving application money.
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23Sept 25
Salem Erode Investments Approves Rs 75 Lakh Debenture Issue Through Private Placement
Salem Erode Investments Limited (SEIL) has approved the issuance of unlisted secured redeemable non-convertible debentures (NCDs) worth Rs 75 lakhs through private placement. The company will issue 7,500 NCDs with a face value of Rs 1,000 each, offering 36-month and 68-month tenure options. The 36-month scheme offers a 12% per annum coupon rate, payable monthly. The debentures are secured against the company's current assets, loans, and advances, with Vistra ITCL (India) Limited appointed as the debenture trustee. SEIL commits to completing the allotment within 30 days of receiving application money and offers a put option for the 36-month scheme.
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13Aug 25
Salem Erode Investments Reports Reduced Q1 Loss, Revenue Growth
Salem Erode Investments Limited reported improved Q1 FY24 results with a 24.1% reduction in net loss to Rs 98.98 lacs. Total income increased by 14.1% to Rs 110.19 lacs, while revenue from operations grew 14.6% to Rs 108.88 lacs. The company also managed to decrease total expenses by 9% to Rs 209.16 lacs. Full asset cover was maintained for secured debentures through hypothecation of loan receivables and other assets.
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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%.
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Salem Erode Investments
32.89
-0.01
(-0.03%)
1 Year Returns:-32.69%
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