GMP IPO
📋 Filings Intelligence
About Contact
LIVE - Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement - financial results, order wins, dividends, mergers and more. Updated live.

-
Filed today
-
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings -

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Salem Erode Investments Ltd

Salem Erode Investments Approves Rs. 4 Crore NCD Issue

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 23 Jul 2026, 04:27 PM IST  ·  BSE ID: 0f3f88ea-9f0a-48e2-b3be-0dfa8143324a
View Original BSE Filing (PDF)
💡
In Simple Terms
The company will raise Rs. 4 Crore by issuing secured debentures that won't be traded on the stock exchange.
🤖 AI Summary
  • Salem Erode Investments approved Rs. 4 Crore fundraise via unlisted NCDs.
  • 40,000 Unlisted Secured Redeemable Non-Convertible Debentures issued at Rs. 1,000 each.
  • Debentures offered on private placement basis in one or more tranches.
  • Tenures available are 36 months (12.00% coupon monthly) and 68 months.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Number of Debentures
40,000 (Forty Thousand Only)
Face Value per Debenture
Rs. 1,000/- (Rupees One Thousand Only)
Total Issue Size
Rs. 4,00,00,000/- (Rupees Four Crore only)
Coupon Rate (36 Months Monthly Scheme)
12.00%
Tenures
36 months and 68 months
🏢 How This Affects the Company
📈
Business Impact
This fundraise supports the company's ongoing operations and potential future investments by providing capital. The secured nature of the debentures aims to enhance investor confidence.
💰
Financial Impact
The issuance increases the company's debt by Rs. 4,00,00,000. The 12.00% coupon rate on the 36-month scheme will impact financing costs. The company has secured the issue against current assets, loans, and advances.
⚠️
Risk Impact
The company assumes increased debt obligations, with specific repayment schedules and interest costs. The terms of the put option for 36-month debentures introduce flexibility but also potential interest rate adjustments.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders regarding this debenture issuance.
👤
Who Is Affected
This issuance primarily affects debt holders who will subscribe to the debentures. Existing equity shareholders are indirectly affected by changes in the company's capital structure.
🔍
Management Signal
Management is actively utilizing private placement of secured debentures to raise capital, indicating a strategy to leverage debt financing.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Allotment completion within 30 days of application.
Maturity dates for 36-month and 68-month debentures.
Company's subsequent financial results detailing fund utilization.
MEDIUM RISK Increased debt, secured nature, and interest rate options present financial commitments.
💡 Investor Takeaway
Salem Erode Investments has approved issuing Rs. 4,00,00,000 in unlisted secured NCDs with 36-month (12% coupon) and 68-month tenures via private placement.
⚖️ Strengths & Concerns

✅ Positives

  • Issue is fully secured against current assets, loans, and advances, ensuring lender protection.
  • Offers a 12.00% coupon rate on 36-month debentures with monthly interest payment option.

⚠️ Concerns

  • Cumulative schemes offer no explicit interest rate until maturity, delaying return visibility.
  • Put option on 36-month debentures may lead to reduced interest rates under certain conditions.
📅 Company Track Record
Salem Erode Investments has recently completed several NCD issuances: Rs. 92 Lakhs on July 1, 2026, and Rs. 1.50 Crore on June 22, 2026. A right issue of Rs. 2,293.11 Lakhs was approved in March 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total amount Salem Erode Investments is raising through this board meeting?
Salem Erode Investments is raising Rs. 4,00,00,000/- (Rupees Four Crore only) through the issue of non-convertible debentures.
How many debentures is Salem Erode Investments issuing?
The company is issuing 40,000 (Forty Thousand Only) Unlisted Secured Redeemable Non-Convertible Debentures.
What is the face value of each debenture?
Each debenture has a face value of Rs. 1,000/- (Rupees One Thousand Only).
What are the available tenures for these debentures?
The debentures are offered with tenures of 36 months and 68 months.
What is the coupon rate for the 36-month scheme?
The 36-month scheme offers a coupon rate of 12.00% with monthly payment of interest.

Questions based on this BSE filing only. For information purposes.

You've read one filing

There are 32,000 more, and one of them is about a company you own

Follow a company and we'll email you the moment it files again - explained, not just forwarded. Free.

  • Follow companies and get filings by email
  • Save any filing to read later
  • Two full AI analyses every month, free

No card needed. Sign in with Google in two taps.

⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector - takes 5 seconds.