Salem Erode Investments Limited at its board meeting held on September 21, 2023 considered and approved offer and issue of 2,800 Unlisted Secured Redeemable Non-Convertible Debentures of face value of INR 1,000 each for cash at par, aggregating to INR 2,800,000 on private placement basis in one or more tranches. The Company is offering said Debentures in different tenures - 13 months, 24 months, 36 months and 68 months. Allotment shall be completed within 30 days from date of receipt of application money.

Date of maturity falls on the basis of selection of tenure of schemes, ie. 13 months, 24 months, 36 months and 68 months. The proposed issue of Debentures is fully secured against current assets, loans and advances, including standard gold loan receivables, and other unencumbered assets of the Company, excluding fixed assets, both present and future and having a minimum security cover of 110% of the outstanding balance of Debentures and accrued interest thereon, for which charge will be created in favour of Vistra ITCL (India) Limited, Debenture Trustee.

All rights and privileges as provided under the Companies Act, 2013 and Listing Regulations are available to the Debentureholders. Other than the same, no other special rights or privileges or interest are provided. The Company shall pay to the Debenture holder(s) interest/principal on respective due dates.

Upon the occurrence of any of the events default, the security created shall be enforceable and the Debenture Trustee is empowered to exercise the power o sale of assets on which the charge is created. The Company will issue private placement offer in form PAS 4 covering details and financial summary of the Company. No matters adversely affecting the security and/or the assets of the Company occurred as on date.

The Company shall pay to the Debenture holder(s) through banking channels, the amount due to them on respective due dates. The redemption dates will fall on 13th month, 24th month, 36th month and 68th month from the date of allotment.