Salem Erode Investments Approves ₹22.93 Crore Rights Issue

Board approved a rights issue of up to 11,465,520 fully paid equity shares at Rs 20 per share, including Rs 19 premium, aggregating up to Rs 22.9 Cr. Entitlement is 1 rights share for every 1 share held; record date is September 3, 2026. The issue is scheduled to open on September 15, 2026 and close on September 25, 2026, subject to requisite regulatory approvals. The 1:1 issue could materially increase the equity base and requires shareholder participation to avoid dilution. Final dilution, use of proceeds and subscription by existing shareholders were not disclosed.