Salem Erode Investments Limited has announced a rights issue of 1,14,65,520 equity shares aggregating up to ₹22.93 crores. The rights issue opens for subscription on September 15, 2026, and closes on September 25, 2026.
Anyone who holds shares of Salem Erode Investments Limited as of September 3, 2026 (record date) will be eligible to receive Rights Entitlements (REs). These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of the company, or you can sell them in the market.
You can check the announcement from the company here.
You will be eligible to receive Rights Entitlements (REs) if you’ve bought the shares on or before September 2, 2026. The ex-date is September 3, 2026.
Rights issue details
| Issue Period | September 15, 2026 – September 25, 2026 |
|---|---|
| RE Trading Period | September 15, 2026 – September 21, 2026 |
| RE Symbol | SALEM-RE |
| Issue Price | Rs. 20 per share |
| Ratio | 1:1 |
| EX-date | September 3, 2026 |
| Record Date | September 3, 2026 |
| Tentative Date of Allotment for rights shares | September 28, 2026 |
| Tentative Date of Credit of rights shares | September 29, 2026 |
| Tentative Date of Listing for rights shares | September 29, 2026 |
How to apply for Salem Erode Investments Limited Rights Issue?
Once you either receive the REs from the company or purchase them from the market, you can apply for the rights shares using the below methods;
- Online via Netbanking ASBA
- Offline by submitting the Application Form to the nearest branch of SCSB (Self-Certified Syndicate Bank)
You can check the application process here .
You will need to enter your Demat account’s Beneficiary Owner ID which is a 16-digit number while applying for the rights issue.
The full issue price of ₹20 per share is payable at the time of application.
What will happen to my purchased holding of RE shares if I do not apply for the rights issue?
Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.
I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?
In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.
You can read more FAQs on Rights Issue and Rights Entitlements here .