Salem Erode Investments Ltd. Supersedes Previous Rights Issue Approval with New Issue Size in Rights Issue

Salem Erode Investments Ltd. held a Board Meeting on March 24, 2026, where they considered and approved a matter regarding the fund raise by way of offer and issuance of fully paid-up equity shares of the Company having a face value of ₹ 1/- each (the “Rights Equity Shares”) for an amount not exceeding ₹ 2,293.11 Lakhs by way of a rights issue (“Rights Issue”). This approval superseded the previous approval granted on April 04, 2025, with a change in the issue size. The Rights Issue will be made to the eligible equity shareholders of the Company as on the record date, in accordance with applicable laws. The Share Issue Committee will determine the specific and detailed terms of the Rights Issue.