Key Quantitative Figures
- Number of Debentures: 15,000 Unlisted Secured Redeemable Non-Convertible Debentures
- Face Value: ₹1,000 per debenture
- Total Issue Size: ₹1,50,00,000 (One Crore Fifty Lakhs)
- Issue Price: At par
Parties Involved
- Issuer: Salem Erode Investments Limited
- Debenture Trustee: Vistra ITCL (India) Limited
- Regulatory Reference: Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (updated January 30, 2026)
Instrument Details
Tenure Options:
- 36 months tenure
- 68 months tenure (Doubling scheme)
Interest Schemes:
- Monthly Scheme (36 months): 12.00% coupon rate, payable on first day of every month
- Cumulative Scheme (36 months): No periodic interest, payable at maturity
- Cumulative Scheme (68 months Doubling): No periodic interest, payable at maturity
Special Features:
- Put option available for 36-month schemes (terms and conditions specified in Private Placement Offer cum Application Letter)
- Exercise of put option will reduce interest rate as per terms
- Redemption only at maturity unless put option exercised
Security Details
The debentures are fully secured against:
- Current assets
- Loans and advances
- Standard gold loan receivables
- Other unencumbered assets (excluding fixed assets)
- Both present and future assets
- Minimum security cover: 100% of outstanding debenture balance plus accrued interest