Elitecon International board approved the appointment of several directors and a managing director during its meeting on September 18, 2026. The company will seek shareholder approval through a postal ballot and remote e-voting process.

The Board of Directors considered and approved the Postal Ballot Notice, remote e-voting arrangements, and the appointment of the Scrutinizer. These actions were taken pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointments

The ballot seeks member approval for the following appointments:

• Mr. Vipin Sharma as Director
• Mr. Pradeep Kumar as Director and Managing Director, including approval of his appointment terms and remuneration
• Mr. Paramjeet Singh Gulati as Director
• Ms. Prachi Gupta as Non-Executive Independent Woman Director
• Ms. Nisha and Mr. Suraj Singh as Non-Executive Independent Directors

Mr. Neeraj Bajaj, Practising Company Secretary, was appointed as the Scrutinizer for the process. Bigshare Services Private Limited will handle the remote e-voting arrangements.

Voting Schedule

The cut-off date for determining members entitled to receive the notice and vote is September 11, 2026. The Postal Ballot Notice was dispatched on September 18, 2026.

The Board Meeting commenced at 11:00 a.m. and concluded at 12:00 p.m. at the company’s office in New Delhi.

Elitecon International has been fined ₹1,53,400 by BSE Limited for failing to submit its financial results for the quarter ended June 30, 2026, within the prescribed timeline.

The penalty stems from a violation of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of quarterly financial performance. The Bombay Stock Exchange issued the communication on September 11, 2026, citing the non-submission of results for Q1FY27.

Waiver Application Filed

Following the receipt of the fine notice, Elitecon International submitted an application to BSE on September 14, 2026, seeking a full waiver of the penalty. The company is currently awaiting the exchange’s decision on this request.

In its disclosure under Regulation 30 of the SEBI LODR Regulations, the firm stated that no other material impact on its financial or operational activities has been identified at this stage.

What the Numbers Show

The fine amount of ₹1,53,400 represents a standard procedural penalty rather than a material financial hit for the listed entity. The company’s immediate focus remains on regulatory compliance and securing the waiver, with operations unaffected by the contravention.