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Salem Erode Investments informs about outcome of board meeting

04 Jan 2024 Evaluate
Salem Erode Investments has informed that in continuation of letter dated December 29, 2023 relating to intimation of convening Board Meeting and pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), the Company submitted outcome of the said meeting. In this connection it informed that the said Board Meeting was convened successfully today on Thursday, January 04, 2024 at the corporate office of the Company at V.K.K Building, Main Road, Irinjalakuda, Thrissur, Kerala - 680121. In this regard also note that the Company in its meeting considered and approved the following business: Issue of Unlisted Secured Redeemable Non-Convertible Debentures on private placement basis. The Board considered and approved offer and issue of 89,400 Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs 1000 (Rupees One Thousand Only) each for cash at par, aggregating to Rs. 8,94,00,000 (Rupees Eight Crores Ninety Four Lakhs only) on private placement basis in one or more tranches.

The above information is a part of company’s filings submitted to BSE.

Salem Erode Invest Share Price

40.44 -0.96 (-2.32%)
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