Allotment of Unlisted Secured Redeemable Non - Convertible Debentures on private placement basis
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Salem Erode Investments Ltd's Debenture and Bond Committee, at a meeting on June 23, 2025, approved the allotment of 4,060 Unlisted Secured Redeemable Non-Convertible Debentures (NCDs). Each debenture carries a face value of Rs. 1,000, taking the total issue size to Rs. 40.60 lakhs. The NCDs are being issued on a private placement basis, meaning they are not listed on any stock exchange and are not convertible into equity shares. This is a small, privately placed debt instrument rather than a public bond issue.
This is a modest debt raise of just Rs. 40.6 lakhs via private placement, with negligible impact on the stock price or existing shareholders since these are non-convertible and unlisted instruments. Shareholders should note the company is adding a small amount of secured debt to its books.