Salem Erode Investments Ltd

Considered and approved the issue of 13000 (Thirteen Thousand Only) Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs. 1000/- (Rupees One Thousand Only) each for cash at par aggregating to Rs. 13000000/- (Rupees One Crore Thirty Lakhs only) on private placement basis in one or more tranches.