Salem Erode Investments Ltd (SEIL) is in lending business as an NBFCBusiness Overview: On 17th February 2020, company was acquired by ICL Fincorp Limited which is a Non Banking Financial Company providing Gold Loan, Business Loan, Hire Purchase Loan, etc. After acquisition, company expanded its business and now has 12...
Salem Erode Investments Limited has announced the publication of newspaper advertisements in "The New Indian Express" and "Dinamani." These advertisements contain the financial results for the quarter, making them publicly accessible. This action ensures that all retail investors and stakeholders have transparent and timely access to the company's latest performance...
Salem Erode Investments Limited's Debenture and Bond Committee has approved the allotment of 3,785 Unlisted Secured Redeemable Non-Convertible Debentures. These debentures, with a face value of Rs.1,000/- each, were issued for an aggregate amount of Rs. 0.3785 crore on a private placement basis. This move represents a capital raise for...
Salem Erode Investments Limited has announced the opening of a special window for eligible shareholders to re-lodge their requests for transferring physical shares. This initiative aims to facilitate shareholders who hold physical shares, enabling them to formalize their ownership and ensure smoother processing of transfer requests. This step is significant...
Salem Erode Investments Limited has been assigned a CRISIL BB/Stable rating for its Rs 50 crore bank loan facilities and non-convertible debentures. The rating reflects strong expected support from its parent, ICL Fincorp Limited, which holds a 75% stake and provides operational and financial backing. SEIL’s capital position is adequate...
Salem Erode Investments Limited has announced a certificate from its Registrar and Share Transfer Agent confirming that securities received for dematerialisation during the quarter were processed and updated in the company’s register. The dematerialised securities have been accepted or rejected as appropriate, with physical certificates cancelled and ownership transferred to...
