Salem Erode Investments Ltd (SALEM) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Salem Erode Investments Ltd on NSE and BSE, with an AI summary of each filing.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICL Fincorp Ltd & Others
Acquisition/ Disposal of Shares · 09 Oct 2026, 4:06 pm
Salem Erode Investments Allots 7.6 Million Rights Shares to ICL Fincorp and PACs Salem Erode Investments Limited allotted 75,99,140 equity shares via a rights issue on 6th Oct'26. Acquirers included promoter ICL Fincorp Ltd (31,99,140 shares, 13.95%), alongside Persons Acting in Concert (PACs) K G Anilkumar (23,00,000 shares, 10.03%) and Umadevi Anilkumar (21,00,000 shares, 9.16%). Post-allotment, the group’s combined holding stands at 1,61,98,280 shares (70.64%), down from 75.00% held solely by ICL Fincorp prior to the issue. Total expanded voting equity capital increased to Rs 2,29,31,040 across 2,29,31,040 equity shares.
Outcome of 95th AGM held on September 30, 2026
Change in Management · 01 Oct 2026, 11:49 pm
Submission of Voting Results and Scrutinizer''s Report
Annual General Meeting · 01 Oct 2026, 11:45 pm
Salem Erode Investments Approves All AGM Resolutions Unanimously Salem Erode Investments Ltd. announced the voting results for its 95th AGM held on 30th Sep'26. Shareholders unanimously approved all three proposed resolutions with 100% of votes cast in favor across 91,04,244 polled votes (79.40% voter turnout of total 1,14,65,520 shares). Passed agenda items include the adoption of audited financial statements for FY ended 31st Mar'26, the re-appointment of retiring director Ms. Umadevi Anilkumar, and the re-appointment of Mr. Ambadath Aiyyappan Balan as Independent Director. No votes were cast against or marked invalid.
Proceedings of AGM held on September 30, 2026
Annual General Meeting · 30 Sept 2026, 11:26 pm
Extension of Right issue Offer Period
Outcome · 18 Sept 2026, 8:44 pm
Salem Erode Investments Extends Rights Issue Closing Date to October 2026 Salem Erode Investments Limited has approved a six-day extension for its ongoing Rights Issue. The issue closing date is revised from 25th Sep'26 to 1st Oct'26, while the opening date remains unchanged at 15th Sep'26. Consequently, the deadline for on-market renunciation of Rights Entitlements is extended to 28th Sep'26. The finalization of basis of allotment and date of allotment are rescheduled to 5th Oct'26, followed by demat credit on 6th Oct'26 and expected listing of new shares on 7th Oct'26.
The Promoter of the company have renounced their shares in favour of specific Investor and specific Investor have subscribed to the shares renounced in their favour
Others (Uncategorized) · 15 Sept 2026, 6:31 pm
Salem Erode Investments Discloses Rights Issue Renunciation and Investor Subscriptions Salem Erode Investments Limited disclosed rights issue applications from identified specific investors following rights entitlement renunciations by promoter ICL Fincorp Limited as of 15th Sep'26. Key renouncers include K G Anilkumar and Umadevi Anilkumar, applying for 23,00,000 and 21,00,000 equity shares respectively, alongside several applicants bidding for 50,000 shares each under the 1,14,65,520-share rights issue. Certain investor submissions experienced minor timing delays due to banking platform technical glitches. No excess shares beyond the specific entitlements were applied for by participating renouncees.
95th AGM Notice & Annual Report for 2025-26
Others (Uncategorized) · 03 Sept 2026, 2:30 am
AGM Notice
Annual General Meeting · 03 Sept 2026, 2:23 am
Outcome of Board Meeting held on September 01, 2026
Change in Management · 01 Sept 2026, 9:01 pm
Salem Erode Investments Announces Board Changes and AGM Date Salem Erode Investments' Board of Directors met on 01 Sep'26 and approved the re-appointment of Mr. Ambadath Aiyyappan Balan as a Non-Executive Independent Director for a second 5-year term. His new term will run from 29 Sep'26 to 28 Sep'31, subject to shareholder approval. The company will convene its 95th Annual General Meeting via video conference on 30 Sep'26 at 10:30 AM IST to seek the required approvals. Mr. Balan holds a Civil Engineering qualification and has over six decades of construction industry experience.
Outcome of Board meeting held on September 01, 2026
Outcome · 01 Sept 2026, 8:58 pm
Salem Erode Investments: Board Approves Director Re-appointment and AGM Date Salem Erode Investments’ Board, in its meeting on 01-Sep-26, approved the re-appointment of Mr. Ambadath Aiyyappan Balan as an Independent Director for a second 5-year term. His new term is effective from 29-Sep-26 to 28-Sep-31, pending shareholder approval. The company will hold its 95th Annual General Meeting (AGM) via video conference on 30-Sep-26. Mr. Balan has over six decades of experience in the construction industry and is not related to any other directors on the board.
Intimation of Record date for the proposed right issue
Others · 30 Aug 2026, 12:52 am
Salem Erode Investments Announces Record Date for Rights Issue Salem Erode Investments Ltd. has set 03 Sep'26 as the record date to determine shareholder eligibility for its proposed Rights Issue. The Rights Entitlements will be credited in dematerialized form to eligible shareholders' demat accounts. The designated ISIN for these entitlements is INE894E20010. This action is in accordance with SEBI's LODR Regulations.
Outcome of Board Meeting held on August 29, 2026
Outcome · 30 Aug 2026, 12:48 am
Salem Erode Investments Approves ₹22.93 Crore Rights Issue Salem Erode Investments approved a rights issue on 29 Aug'26 to raise up to ₹22.93 crores. The company will issue up to 1,14,65,520 equity shares at ₹20 per share, a premium of ₹19 over the ₹1 face value. The entitlement ratio is set at 1 rights share for every 1 share held. The record date is 03 Sep'26, with the issue scheduled to open on 15 Sep'26 and close on 25 Sep'26. Shares will be listed on BSE on 29 Sep'26.
Salem Erode Investments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/08/2026 ,inter alia, to consider and approve the issue of equity ....
Intimation · 25 Aug 2026, 10:18 pm
Salem Erode Investments Schedules Board Meeting to Finalize Rights Issue Terms Salem Erode Investments (BSE: 540181) has scheduled a Board of Directors meeting for 29 Aug'26 to finalize the terms and conditions of its proposed rights issue. Key agenda items include determining the issue price, record date, and rights entitlement ratio. This follows the Board's initial approval for the rights issue on 24 Mar'26 and in-principle approval from BSE on 14 Aug'26. The trading window for insiders has been closed from 25 Aug'26 until 48 hours after the meeting's outcome is announced.
Considered and approved the unaudited standalone Financial results of the Company for the quarter ended June 30,2026
Financial Result · 13 Aug 2026, 10:31 pm
Salem Erode Investments Posts Widened Loss in Q1'FY27 Salem Erode Investments reported a net loss of ₹130.97 lacs for the quarter ended 30th Jun'26, a widening from the ₹98.98 lac loss reported in the prior year's quarter. Revenue from operations declined 17.9% YoY to ₹89.38 lacs from ₹108.88 lacs. Total expenses rose 3.7% YoY to ₹216.92 lacs, primarily driven by higher employee benefit expenses. The loss per share for the quarter stood at ₹1.14, compared to a loss per share of ₹0.86 in Q1'FY26.
Considered and approved the unaudited standalone financial results of the Company for the quarter ended June 30, 2026.
Outcome · 13 Aug 2026, 10:21 pm
Salem Erode Investments Reports Widened Net Loss for Q1 FY27 For the quarter ended 30th Jun'26, Salem Erode Investments reported a net loss of ₹130.97 lacs, widening from a ₹98.98 lacs loss YoY and narrowing from a ₹139.85 lacs loss QoQ. Revenue from operations stood at ₹89.38 lacs, a 17.9% YoY decline from ₹108.88 lacs. Total expenses increased 3.7% YoY to ₹216.92 lacs. The loss before tax was ₹126.02 lacs compared to a loss of ₹98.97 lacs in the prior-year quarter. Basic and diluted EPS for the quarter was negative ₹1.14.
Salem Erode Investments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve the unaudited standalone ....
Intimation · 13 Aug 2026, 5:30 am
Salem Erode Investments Sets Board Meeting for Q1 Results Approval Salem Erode Investments Ltd. has scheduled a Board of Directors meeting on 13 Aug'26. The agenda includes the consideration and approval of the company's unaudited standalone financial results for the quarter ended 30 Jun'26.
Approved the allotment of 36,950 (Thirty Six Thousand Nine Hundred Fifty)Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs. 1000/-each, aggregating to Rs.3,69,50,000( ....
Others (Uncategorized) · 01 Aug 2026, 8:14 pm
Salem Erode Investments Raises ₹3.69 Cr via Private Placement of NCDs Salem Erode Investments allotted 36,950 Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis on 1st Aug'26. The NCDs have a face value of ₹1,000 each, aggregating to a total of ₹3.69 Cr. Notably, a significant portion of the issuance, ₹3.00 Cr, was allotted to its holding company, ICL Fincorp Limited. The funds were raised to support the company's financial requirements.
Considered and approved the issue of 40,000 (Forty Thousand Only) Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs. 1,000/- (Rupees One Thousand Only) each for ....
Outcome · 23 Jul 2026, 9:57 pm
Salem Erode Investments to Raise Rs. 4 Crore via Private Placement of Debentures On 23 Jul'26, the board approved raising Rs. 4 crore by issuing 40,000 unlisted, secured, redeemable Non-Convertible Debentures (NCDs) via private placement. The NCDs have a face value of Rs. 1,000 each. Tenures offered are 36 and 68 months, with the 36-month monthly scheme carrying a 12.00% coupon rate. The issue is fully secured against the company's current assets, loans, and advances. A put option is available for the 36-month schemes, which would reduce the interest rate if exercised.
Salem Erode Investments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/07/2026 ,inter alia, to consider and approve the fund raising by ....
Intimation · 20 Jul 2026, 9:40 pm
Salem Erode Investments Schedules Board Meeting for NCD Fundraise Salem Erode Investments Ltd. has scheduled a Board of Directors meeting on 23 Jul'26. The agenda includes considering and approving a fundraise through the issuance of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. This move signals a potential effort by the company to raise debt capital to fund its operations or strategic initiatives. The outcome will be a key monitorable for the company's capital structure and future financial flexibility.
Approved the allotment of 9200 (Nine Thousand Two Hundred )Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs.1000 for an aggregate amount of Rs.92,00,000( Rupees ....
Others (Uncategorized) · 01 Jul 2026, 10:22 pm
Salem Erode Investments Allots NCDs Worth ₹92 Lakh via Private Placement Salem Erode Investments' committee approved the allotment of 9,200 Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) on 01 Jul'26. The NCDs have a face value of ₹1,000 each, aggregating to a total of ₹92 lakh raised via a private placement basis. This action is part of the company's capital raising activities.
Considered and approved the issue of 15,000 (Fifteen Thousand Only) Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs. 1,000/- (Rupees One Thousand Only) each for ....
Outcome · 22 Jun 2026, 9:16 pm
Salem Erode Investments to Raise ₹1.5 Crore via Private Placement of Debentures The Board of Directors on Jun 22, '26, approved raising ₹1.5 crore through a private placement of 15,000 unlisted, secured, redeemable, non-convertible debentures. Each debenture has a face value of ₹1,000. Tenures offered are 36 and 68 months, with a 12% coupon for the 36-month monthly payout scheme. The issue is secured against current assets, including gold loan receivables, with 100% security cover. A put option is available for the 36-month schemes, subject to specific terms and conditions.
Salem Erode Investments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/06/2026 ,inter alia, to consider and approve the fund raising by ....
Intimation · 17 Jun 2026, 9:27 pm
Salem Erode Investments to Consider NCD Fundraise Salem Erode Investments Ltd. announced a Board of Directors meeting scheduled for 22 Jun'26. The primary agenda is to consider and approve a fundraise through the issuance of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. This move indicates a potential capital infusion to fund the company's operational or expansion plans. The size and terms of the potential NCD issue were not disclosed. This development is key for monitoring the company's future capital structure and financing costs.
Outcome of Board Meeting held on May 26, 2026
Change in Management · 26 May 2026, 11:26 pm
Salem Erode Investments Board Approves Q4FY26 Results and Auditor Re-appointments Salem Erode Investments board on 26-May'26 approved audited financials for Q4 and FY26. Q4 net loss widened to ₹139.86 lacs from ₹120.62 lacs YoY. FY26 net loss was ₹484.66 lacs vs ₹471.93 lacs in FY25. The board also re-appointed Saji Mathew & Associates as Internal Auditors for three years (FY27-FY29) and Yacob Pothumuriyil Ouseph as Secretarial Auditor for five years (FY27-FY31). The statutory audit report for the period contained an unmodified opinion, confirming a true and fair view.
Standalone Financial results for the quarter and financial year ended March 31, 2026
Financial Result · 26 May 2026, 11:20 pm
Salem Erode Investments Reports Q4FY26 Results and Approves Auditor Re-appointments Salem Erode Investments reported Q4FY26 standalone results, posting a net loss of ₹139.86 Lacs vs a loss of ₹120.62 Lacs YoY. Revenue from operations declined 19.7% YoY to ₹71.31 Lacs. For the full year FY26, the net loss widened to ₹484.66 Lacs from ₹471.93 Lacs in FY25, while FY26 revenue fell to ₹350.70 Lacs from ₹385.28 Lacs. The Board, in its meeting on 26-May-26, approved the re-appointment of the Internal Auditor for three years and the Secretarial Auditor for five years.
Outcome of Board Meeting held on May 26, 2026
Outcome · 26 May 2026, 11:03 pm
Salem Erode Board Approves FY26 Results, Re-appoints Auditors On 26-May'26, Salem Erode Investments' board approved FY26 results and re-appointed key auditors. Saji Mathew & Associates will serve as Internal Auditors from FY27-FY29, and Yacob Pothumuriyil Ouseph as Secretarial Auditor from FY27-FY31. For Q4FY26, the company reported revenue of ₹71.31 lacs, down 19.7% YoY, and a net loss of ₹139.86 lacs, widening from ₹120.62 lacs YoY. The full-year FY26 net loss was ₹484.66 lacs, compared to a loss of ₹471.93 lacs in FY25.