Salem Erode Investments Limited has submitted a disclosure to the BSE regarding applications from ‘Specific Investors’ for its ongoing Rights Issue. The company confirmed details of applications received by 11 A.M. on the Issue Opening Date, September 15, 2026. This announcement complies with Regulation 77B (2) of the SEBI ICDR Regulations, detailing the number of shares applied for by identified specific investors.
Specific Investor Participation in Rights Issue Detailed
Salem Erode Investments Limited has formally informed the Listing Department of BSE Limited about the participation of ‘Specific Investors’ in its ongoing Rights Issue. This disclosure, dated September 15, 2026, follows up on an earlier announcement made on September 8, 2026. The company is providing details of applications received by 11 A.M. on the Issue Opening Date, as per the requirements of Regulation 77B (2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Key Investor Application Details
The announcement lists several ‘Specific Investors’ and their corresponding ‘Number of RE (as declared as specific investor)’ and ‘Number of Shares applied for (as declared as specific investor)’. All listed applications have been made through ICL Fincorp Limited as the promoter (renouncer). The majority of these applications are for 50,000.00 shares, with a few larger applications for 23,00,000.00 and 21,00,000.00 shares. The ‘Excess No of share applied other than as specific investor’ column is marked as ‘Nil’ for all listed investors, indicating no oversubscription beyond the declared specific investor category.
Note on Delayed Submissions
A footnote clarifies that for specific investors (Visakh Thazhathu Veedu and Thravot Padmanabhan Vijayan), the ‘*’ symbol indicates that their bid submission could not be completed within the stipulated time due to temporary technical issues encountered on the Bank website. These bids were subsequently submitted after 11:00 AM upon resolution of the technical issue. The company assures that this delay was solely attributable to website difficulties and not on the part of the bidders.
Source: BSE
