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 the company, strengthening its financial position through debt financing, which is key for its operations and future growth.