Salem Erode Investments rights issue: Rs 20 per share, record date 03 September

Salem Erode Investments Limited has approved the terms of its proposed rights issue, including the price, ratio and record date, according to the outcome of the board meeting held on August 29, 2026.

Key terms

• Type of issue: Rights Issue of fully paid-up equity shares of face value of Rs 1 each ("Equity Shares")
• Issue size: Issue of up to 1,14,65,520 equity shares of face value of Rs 1 each ("Rights Equity Shares"), for an amount aggregating up to Rs 2,293.10 Lakhs (board's outcome letter and Annexure A)
• Issue price: Rs 20 per Rights Equity Share (including a premium of Rs 19 per share), aggregating to Rs 20 per Rights Equity Share
• Rights entitlement ratio: 1 (One) Rights Equity Share(s) for every 1 (One) fully paid-up equity share(s) held by eligible equity shareholders as on the record date
• Record date: Thursday September 03, 2026, for determining eligibility to apply for the Rights Equity Shares

According to the board's outcome letter dated August 29, 2026 (Ref: SEC/SEIL/BSE/2026/121), the rights issue will be made to eligible equity shareholders of the company as on the record date, described as the "Rights Issue".

Shareholders who hold fully paid-up equity shares of Salem Erode Investments Limited as on Thursday September 03, 2026 will be entitled to receive rights entitlements in the ratio of 1:1, meaning 1 Rights Equity Share for every 1 fully paid-up equity share held on that date.

The company has also approved the Letter of Offer, Abridged Letter of Offer, Application Form and Rights Entitlement Letter to be filed with BSE Limited and SEBI, as applicable, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations").

Tentative timetable

As per the tentative schedule of the rights issue set out in the board's outcome letter (table under "Tentative Schedule of the Rights Issue"):

• Issue Opening Date: Tuesday, September 15, 2026
• Last Date for On-Market Renunciation: Monday, September 21, 2026
• Issue Closing Date: Friday, September 25, 2026
• Finalisation of Basis of Allotment: Monday, September 28, 2026
• Date of Allotment: Monday, September 28, 2026
• Date of Credit of Shares: Tuesday, September 29, 2026
• Date of Listing on BSE Limited: Tuesday, September 29, 2026

The company states in the board's outcome letter that the above is subject to receipt of requisite approvals, including from BSE Limited and SEBI, as may be applicable, and other regulatory/statutory authorities.

Annexure A to the filing reiterates that the securities proposed to be issued are fully paid-up equity shares of the face value of Rs 1 each, that the type of issuance is a rights issue, and that the total number of securities proposed to be issued is up to 1,14,65,520 equity shares of face value of Rs 1 each, at Rs 20 (including a premium of Rs 19), for an amount aggregating up to Rs 2,293.10 Lakhs.

The company also notes that the trading window, which was closed with effect from August 25, 2026, shall reopen 48 hours after this outcome is disseminated to the stock exchange, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct on Insider Trading.