Salem Erode Investments Limited announced at board meeting held on August 10, 2023, approved creation of charge for securing the issue and allotment of 5,750 Redeemable Secured Unlisted Non-Convertible Debentures of face value of INR 1000/(Rupees One Thousand Only) each, aggregating to an amount of INR 57,50,000/- (Rupees Fifty-Seven Lakhs and Fifty Thousand Only) on private placement basis. Vistra ITCL (India) Limited is the Debenture Trustee and Charge holder of the Company for the aforesaid issue and allotment of Debentures.