Salem Erode Investments Ltd

Salem Erode Investments Limited has announced the details of specific investors who have subscribed to shares renounced by the promoters in their Rights Issue. A total of 1,14,65,520 equity shares were offered. Key investors like K G Anilkumar and Umadevi Anilkumar subscribed to 23,00,000 and 21,00,000 shares respectively. Some investors faced minor delays in bid submission due to technical issues but have been recorded. This move clarifies the participation of these specific investors in the company's rights issue.

Salem Erode Investments Limited has issued a notice for its 95th Annual General Meeting (AGM) to be held on September 30, 2026, via Video Conferencing. The company also released its Annual Report for the financial year 2025-26. The report details the company's profile as a BSE-listed NBFC and subsidiary of ICL Fincorp Limited, primarily engaged in gold loan financing. It highlights a loan book growth to ₹171.88 million in FY2026, a governance-led business approach, and a long-term growth strategy.

Salem Erode Investments Limited will hold its 95th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 10:30 AM IST. The meeting will be conducted via Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with current regulations. Consequently, the company's Register of Members and Share Transfer Books will be closed for annual book closure from September 24, 2026, to September 30, 2026, inclusive.

Salem Erode Investments Limited announced its 95th Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 10:30 AM IST. The meeting will be conducted entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM), with no physical presence of members. Key agenda items include the adoption of audited financial statements for the fiscal year ended March 31, 2026, the re-appointment of Ms. Umadevi Anilkumar as a Director retiring by rotation, and the re-appointment of Mr. A.A. Balan as an Independent Director for a second term of five years.

Salem Erode Investments Limited announced the outcome of its Board Meeting held on September 01, 2026. The board decided to convene the 95th Annual General Meeting (AGM) on September 30, 2026, at 10:30 AM IST via Video Conferencing/Other Audio Visual Means. Additionally, the board approved the re-appointment of Mr. Ambadath Aiyyappan Balan as an Independent Director (Non-Executive) for a second term of 5 years, effective September 29, 2026, to September 28, 2031, subject to shareholder approval. Mr. Balan has extensive experience in the construction industry.

Salem Erode Investments Limited announced the outcome of its Board of Directors meeting held on September 01, 2026. The board decided to convene the 95th Annual General Meeting (AGM) on September 30, 2026, at 10:30 AM IST via Video Conferencing. Additionally, the re-appointment of Mr. Ambadath Aiyyappan Balan as an Independent Director for a second term of 5 years, effective September 29, 2026, was approved, subject to shareholder approval. The meeting commenced at 02:00 PM IST and concluded at 03:10 PM IST.

Salem Erode Investments Ltd has announced Thursday, September 03, 2026, as the record date for its proposed Rights Issue. This date will determine which shareholders are eligible to apply for the new Equity Shares. The company has made arrangements with NSDL and CDSL to credit the Rights Entitlements in dematerialized form to eligible shareholders' accounts. The ISIN for these Rights Entitlements is INE894E20010. These entitlements will be credited before the issue opening date. Further details are available on the company's website.

Salem Erode Investments Ltd announced board approval for a Rights Issue of up to 1,14,65,520 equity shares, aggregating up to ₹2,293.10 Lakhs (₹229.31 Crores). The issue price is fixed at ₹20 per share, with a ratio of 1:1. The record date for eligibility is September 3, 2026. The tentative schedule for the rights issue includes opening on September 15, 2026, and closing on September 25, 2026. Necessary regulatory approvals are pending.

Salem Erode Investments Limited has announced the closure of its trading window for equity shares. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will be shut from the close of business hours on August 25, 2026, until 48 hours after the outcome of the Board Meeting scheduled for August 29, 2026, is disseminated. During this period, designated persons and their immediate relatives are prohibited from trading in the company's equity shares.

Salem Erode Investments Ltd has announced a Board of Directors meeting scheduled for August 29, 2026. The primary agenda is to consider and approve the terms and conditions of a proposed rights issue. This includes finalizing the issue price, record date, rights entitlement ratio, and related documentation like the Letter of Offer and Application Form. This meeting follows a previous board approval on March 24, 2026, for the rights issue, which received in-principle approval from BSE Limited on August 14, 2026. Concurrently, the company has closed its trading window for designated persons from August 25, 2026, until 48 hours after the board meeting outcome is disseminated, in compliance with SEBI's Insider Trading Regulations.