Key Transaction Details

  • The Debenture and Bond Committee of Salem Erode Investments Limited approved allotment of Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) on private placement basis
  • Total allotment: 36,950 NCDs of face value ₹1,000 each
  • Aggregate value: ₹3,69,50,000 (Three Crore Sixty Nine Lakhs Fifty Thousand Only)

Breakdown of Allotment

  • ₹3,00,00,000 (Three Crore Only) worth of NCDs allotted to ICL Fincorp Limited, identified as the Holding Company of Salem Erode Investments Limited

Meeting Details

  • Meeting date: August 01, 2026
  • Meeting timing: Commenced at 02:00 P.M. (IST) and concluded at 02:30 P.M. (IST)