Allotment of Unlisted Secured Redeemable NCD on Private Placement basis.
Price
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Awaiting price reaction for this filing.
Salem Erode Investments has allotted 3,785 unlisted secured redeemable non-convertible debentures (NCDs) on a private placement basis. Each NCD has a face value of Rs. 1,000, bringing the total issue size to Rs. 37.85 lakhs. The allotment was approved by the company's Debenture and Bond Committee at its meeting on August 11, 2025. The document does not disclose the coupon rate, tenure, or identity of the investors in this private placement.
This is a very small fundraising exercise (under Rs. 40 lakhs) via privately placed debentures, so it is unlikely to have any meaningful impact on the stock price or existing shareholders. Dilution risk is absent since these are debt instruments, not equity.