Salem Erode Investments Ltd

Approval of issue of fully paid-up Equity Shares of the face value of ?1/- each for an amount aggregating up to ? 5000 Lakhs to all the eligible equity shareholders of the Company as on the record date (to be notified later) on a rights basis (Rights Issue) on such terms as may be decided by the Board of Directors or the Share issue committee subject to receipt of regulatory/statutory approvals in accordance with the applicable laws including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 as amended SEBI LODR Regulations and the Companies Act 2013 and rules made thereunder as amended from time to time and approved other related matters.