Salem Erode Investments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/11/2025 ,inter alia, to consider and approve Fund raising by way ....
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Salem Erode Investments Ltd has informed BSE that its Board of Directors will meet on November 8, 2025. The key agenda item is to consider and approve raising funds through the issue of Secured Redeemable Non-Convertible Debentures (NCDs) on a Private Placement basis. No specific amount, number of NCDs, or coupon rate has been disclosed in this intimation. This is a preliminary announcement under SEBI Listing Regulations ahead of the actual proposal.
This is a routine pre-board-meeting intimation. Shareholders should wait for the board's actual decision on November 8 to know the size, terms, and timing of the NCD issuance, which could have implications for the company's debt levels and future interest obligations.