Board of Directors of the Salem Erode Investments Limited has, at its meeting held on 25th day of February, 2022, taken approval of Board for creation of charge for securing the issue and allotment of 80,935 Redeemable Non-Convertible Secured Unlisted Debentures of face value of INR 1,000 each, aggregating to an amount of INR 80,935,000 on private placement basis. M/s. VISTRAITCL (INDIA) LIMITED, a Company registered under the Companies Act, 1956 and existing validly under the Companies Act, 2013, is the Debenture Trustee and Charge holder of the company for the aforesaid issue and allotment of Debentures.