Salem Erode Investments Ltd.

Operates as a non-banking financial company (NBFC) that lends against gold, based in the Salem-Erode region of Tamil Nadu. The company raises the bulk of its funding through private placements of secured redeemable non-convertible debentures (NCDs) at Rs 1,000 face value; a 36-month monthly income scheme carries a 12% annual coupon paid monthly, while cumulative schemes run for 36 or 68 months. These NCDs are secured at 100% cover against current assets, loans, advances and gold loan receivables, with Vistra ITCL acting as debenture trustee. The Board has also approved a Rights Issue of equity shares for an amount not exceeding Rs 2,293.11 lakhs to existing shareholders. Holding company ICL Fincorp Limited is the largest subscriber, taking Rs 3 crore of the August 2026 NCD tranche. In FY26, total income was Rs 356.67 lakh against Rs 885.89 lakh in FY25, employee costs alone absorbed 108.4% of revenue, other operating expenses took 49.9% and depreciation 35%, producing a net loss of Rs 484.66 lakh for the year.