The Board of Salem Erode Investments Limited considered and approved offer and issue of 5,850 Unlisted Secured Redeemable Non-Convertible Debentures of face value of INR 1,000 each for cash at par, aggregating to INR 5,850,000 on private placement basis in one or more tranches. Tenure of the instrument - date of allotment and date of maturity: 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, i.e. 13 months, 24 months, 36 months and 68 months.