Salem Erode Investments Ltd Sets Rights Issue Record Date

Record Date: September 3, 2026
Rights Entitlement ISIN: INE894E20010

Reader Takeaway: Hold shares before September 3 to qualify for rights entitlements; ensure your demat account is active.

What just happened

Salem Erode Investments Ltd has officially notified the stock exchanges that it has set September 3, 2026, as the record date for its proposed rights issue. This move is part of the company’s capital-raising process, following standard SEBI compliance procedures for rights issues.

Why this matters

The record date acts as the cutoff point for the company to determine which shareholders are entitled to subscribe to the new shares. If you are a shareholder as of the market close on September 3, you will be eligible for rights entitlements based on the ratio determined by the company board.

Rights Entitlement and Demat Credit

The company has confirmed it has completed technical arrangements with depositories NSDL and CDSL. Once the record date passes, eligible shareholders will see their rights entitlements (under ISIN INE894E20010) credited directly to their demat accounts before the issue officially opens for subscription.

What to track next

Shareholders should monitor subsequent company filings for the specific issue price, the entitlement ratio (how many shares you get per existing share held), and the exact window for when the subscription period will open. Ensure your KYC details are updated with your depository participant to avoid issues with the credit of entitlements.