Salem Erode Investments Board superseded its April 2025 rights issue approval and passed a fresh resolution on March 24, 2026 with a revised issue size.
The revised Rights Issue proposes fully paid-up equity shares of ₹1/- face value for an amount not exceeding ₹2,293.11 Lakhs.
A Share Issue Committee of four members was constituted to determine issue price, entitlement ratio, record date, and payment terms.
The fresh approval clarifies this is not a new or additional issuance, but a revised sanction for the same previously approved rights offering.