Approved the allotment of 9800( Nine Thousand Eight Hundred) Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs.1000 for an aggregate amount of Rs.98,00,000 on a ....
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Salem Erode Investments Ltd has allotted 9,800 unlisted secured redeemable non-convertible debentures (NCDs) on a private placement basis. Each debenture carries a face value of Rs. 1,000, taking the total issue size to Rs. 98 lakhs (Rs. 98,00,000). The allotment was approved by the company's Debenture and Bond Committee at its meeting held on January 3, 2026. The document does not disclose the coupon rate, tenure, or end-use of the funds raised.
This is a relatively small debt raise of Rs. 98 lakhs through privately placed NCDs, which is modest and unlikely to materially impact the stock price. Shareholders may view it as a routine borrowing activity, though the purpose and cost of funds remain undisclosed.