Salem Erode Investments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/12/2025 ,inter alia, to consider and approve the fund raising by ....
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Salem Erode Investments Ltd has informed BSE that its Board of Directors will meet on December 23, 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. The company has not yet disclosed the size of the issue, the coupon rate, or the timeline for the issuance. This is a standard regulatory intimation under SEBI Listing Regulations, and further details are expected to follow after the board meeting.
Shareholders should note that the company is planning to raise debt (not equity), which could expand its loan book but also increase interest obligations. The actual impact on the stock will depend on the size, pricing, and use of proceeds, which have not been disclosed yet.