Salem Erode Investments Limited disclosed the outcome of its Board Meeting held on August 29, 2026, which commenced at 04:00 PM and concluded at 07:00 PM. The meeting was conducted under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

The Board considered and approved a Rights Issue of equity shares to eligible shareholders. Key approvals include:

Issue Details:

  • Issue of up to 1,14,65,520 equity shares of face value ₹1 each
  • Total issue size: ₹2,293.10 Lakhs (₹22.93 crore)
  • Rights Entitlement Ratio: 1 Rights Equity Share for every 1 fully paid-up equity share held
  • Issue Price: ₹20 per share (including a premium of ₹19 per share)

Record Date: Thursday, September 03, 2026, for determining shareholder eligibility

Document Approvals: The Board approved the Letter of Offer, Abridged Letter of Offer, Application Form, and Rights Entitlement Letter to be filed with BSE Limited and SEBI in accordance with SEBI ICDR Regulations.

Tentative Schedule:

  • Issue Opening Date: Tuesday, September 15, 2026
  • Last Date for On-Market Renunciation: Monday, September 21, 2026
  • Issue Closing Date: Friday, September 25, 2026
  • Finalisation of Basis of Allotment: Monday, September 28, 2026
  • Date of Allotment: Monday, September 28, 2026
  • Date of Credit of Shares: Tuesday, September 29, 2026
  • Date of Listing on BSE Limited: Tuesday, September 29, 2026

The approval is subject to receipt of requisite approvals from BSE Limited, SEBI, and other regulatory/statutory authorities.

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations and includes the required details under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, last updated on January 30, 2026.

The trading window, which was closed from August 25, 2026, will reopen 48 hours after this outcome is disseminated to the Stock Exchange, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct.

This intimation has been uploaded to the company's website at www.salemerode.com.