Salem Erode Investments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/08/2025 ,inter alia, to consider and approve Fund raising by way ....
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Salem Erode Investments has informed the BSE that its Board of Directors will meet on 2nd August 2025 to consider and approve a fund-raising plan. The company proposes to raise money by issuing Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement route. No details on the issue size, coupon rate, or tenure have been disclosed yet. This is a standard advance intimation filed under SEBI listing rules before any board approval.
Investors should note that this is only a notice of an upcoming board meeting. Actual terms (size, yield, maturity) are yet to be decided, so there is no immediate dilution or material impact on shareholders. Details once announced will clarify if existing investors are affected.