Allotment of Unlisted Secured Redeemable Non-Convertible Debentures on Private Placement basis.
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Awaiting price reaction for this filing.
Salem Erode Investments Ltd has allotted 5,750 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. 57.50 lakhs (Rs. 57,50,000). The allotment was approved by the Debenture and Bond Committee of the Board on October 3, 2025, following an earlier communication dated September 23, 2025. The debentures are unlisted, meaning they will not trade on stock exchanges, and the company has not disclosed the coupon rate or maturity details in this filing.
This is a relatively small debt raise of around Rs. 57.5 lakhs, so it is unlikely to materially affect the stock price or dilute shareholders. The debentures are non-convertible, meaning existing equity shareholders do not face any dilution risk from this issuance.