Salem Erode Investments Limited has submitted a regulatory disclosure to BSE Limited regarding specific investor applications for its rights issue of up to 1,14,65,520 fully paid-up equity shares. This intimation is made pursuant to Regulation 77B(2) of the SEBI ICDR Regulations and serves as a continuation of the earlier announcement dated September 08, 2026 (published September 09, 2026).

The disclosure confirms details of applications submitted by identified 'Specific Investors' before 11:00 AM on the issue opening date of Tuesday, September 15, 2026.

Specific Investor Application Details

Twenty-two specific investors (renouncees) applied for shares renounced by promoter ICL Fincorp Limited (renouncer). The breakdown is as follows:

  • K G Anilkumar: Applied for 23,00,000 shares (exactly matching declared specific investor quantity)
  • Umadevi Anilkumar: Applied for 21,00,000 shares (exactly matching declared specific investor quantity)
  • Mala P Ramakrishnan: Applied for 50,000 shares
  • Prasanth Chandrasekharan Menon: Applied for 50,000 shares
  • Vilayannur Seshan Sankaran: Applied for Nil shares (despite declared quantity of 50,000)
  • Thravot Padmanabhan Vijayan: Applied for 50,000 shares*
  • C H Nalini: Applied for 50,000 shares
  • Venu Madhav Mandavilli: Applied for 50,000 shares
  • Ramachandran Krishnamoorthy: Applied for 50,000 shares
  • Sathisan Kalldil Padincharekkara: Applied for 50,000 shares
  • Manju Rajesh: Applied for 50,000 shares
  • Suja Abraham: Applied for 50,000 shares
  • Abdul Muthalief: Applied for Nil shares (despite declared quantity of 50,000)
  • Raghunandanan: Applied for Nil shares (despite declared quantity of 50,000)
  • Cheriachan P J: Applied for Nil shares (despite declared quantity of 50,000)
  • P Ratheesh Rajan: Applied for 50,000 shares
  • Surendran N K: Applied for Nil shares (despite declared quantity of 50,000)
  • M V Sudarsanan: Applied for 50,000 shares
  • Visakh Thazhathu Veedu: Applied for 50,000 shares*
  • Madhavankutty Thekkedath: Applied for 50,000 shares
  • Regi Paul: Applied for 50,000 shares
  • Asakumari Engoor Surendran: Applied for 50,000 shares

Technical Issues Disclosure

Two applications (marked with *) from Thravot Padmanabhan Vijayan and Visakh Thazhathu Veedu were submitted after the 11:00 AM deadline due to temporary technical issues encountered on the Bank website. The delay in submission was solely attributable to these technical difficulties and not due to any delay or omission on the part of the bidders.

Total Applications

Total shares applied for by specific investors: 24,75,000 shares

Total declared specific investor quantity: 25,75,000 shares