Salem Erode Investments Limited has announced an extension of its ongoing Rights Issue. The issue period has been extended by an additional six days, with the new closing date set for Thursday, October 01, 2026. This decision comes after the company’s Board of Directors meeting held on September 18, 2026, and aims to provide shareholders more time to subscribe to the issue, ensuring it remains within the permissible 30-day limit from the opening date.
Salem Erode Investments Extends Rights Issue Period
Salem Erode Investments Limited has officially extended the closing date for its Rights Issue. Following a Board of Directors meeting held on September 18, 2026, the company decided to prolong the subscription period by six days. The Rights Issue, initially scheduled to close on Friday, September 25, 2026, will now conclude on Thursday, October 01, 2026.
Revised Schedule of Activities
This extension ensures that the total issue period does not exceed 30 days from the Issue Opening Date, which was Tuesday, September 15, 2026. The revised schedule of activities for the Rights Issue is as follows:
- Issue Opening Date: Tuesday, September 15, 2026 (Unchanged)
- Last Date for On Market Renunciation of Rights Entitlements: Monday, September 21, 2026
- Issue Closing Date: Thursday, October 01, 2026 (Revised)
- Finalisation Of Basis Of Allotment: Monday, October 05, 2026
- Date of Allotment (on or about): Monday, October 05, 2026
- Date of credit (on or about): Tuesday, October 06, 2026
- Date of listing (on or about): Wednesday, October 07, 2026
Eligible Equity Shareholders are reminded that any off-market transfer for renunciation must be completed such that the Rights Entitlements are credited to the Renouncee’s demat account on or before the Issue Closing Date. Furthermore, the Board reserves the right to extend the Issue Period as it deems fit, provided it does not exceed the 30-day limit. No withdrawal of application will be permitted after the Issue Closing Date.
Source: BSE
