Allotment of Non-Convertible Debentures under private placement basis.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Salem Erode Investments Ltd has allotted 6,500 unlisted, secured, redeemable non-convertible debentures (NCDs) on a private placement basis. Each debenture has a face value of Rs. 1,000, bringing the total amount raised to Rs. 65 lakhs. The allotment was approved by the company's Debenture and Bond Committee at a meeting held on February 9, 2026. No coupon rate, maturity period, or use of proceeds has been disclosed in this filing.
This is a small fundraising of Rs. 65 lakhs through secured NCDs, which is modest in scale and unlikely to materially impact the stock or shareholders. The absence of disclosed coupon rate and purpose means investors have limited information on the cost and rationale of the borrowing.