Salem Erode Investments Debt & Borrowing: ₹3.69 Cr
Salem Erode Investments allotted 36,950 unlisted secured redeemable non-convertible debentures for ₹3.695 Crore on a private placement basis.
- Value
- ₹3.69 Cr
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Salem Erode Investments allotted 36,950 unlisted secured redeemable non-convertible debentures for ₹3.695 Crore on a private placement basis.
Salem Erode Investments Ltd board approved the issue of 40,000 unlisted non-convertible debentures on a private placement basis, aggregating to ₹4 Crore.
Salem Erode Investments approved the allotment of NCDs worth ₹0.92 Crore. These secured redeemable debentures were issued via private placement.
Salem Erode Investments Ltd confirmed it does not fall under the 'Large Corporate' category per SEBI framework as of March 31, 2026. The company reported outstanding borrowings of ₹13.12 Crore and a BB credit rating from CRISIL. Consequently, mandatory incremental borrowing requirements for large corporates do not apply.