Elitecon International has discontinued the engagement of M/s. G Aakash & Associates as its Secretarial Auditor, effective August 11, 2026. The change follows a communication from the firm stating it would be unable to render further services to the company. This development requires shareholders and stakeholders to note the departure of the current secretarial auditor ahead of any upcoming compliance cycles.

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced the applicable provisions of the SEBI Master Circular dated January 30, 2026. Pradeep Kumar, Additional Director of Elitecon International, signed the intimation to the stock exchanges on August 12, 2026.

M/s. G Aakash & Associates, Practicing Company Secretaries, bearing Membership No- A57213 & COP No. 21629, notified the company of its decision via email dated August 11, 2026. The firm did not provide detailed reasons for its resignation beyond stating an inability to continue providing services. Consequently, the engagement stands discontinued from that date.

Key Details of Resignation

The company has enclosed the required details as Annexure A in its filing with BSE Limited and The Calcutta Stock Exchange Limited. No new secretarial auditor has been appointed in this disclosure. Shareholders should monitor subsequent filings for the appointment of a successor auditor to ensure continued compliance with secretarial audit requirements under the Companies Act and SEBI regulations.

Elitecon International has disclosed that Kumar Anubhav Upadhyay ceased to hold office as an Additional Director with effect from July 29, 2026. The departure is procedural, resulting from the company’s inability to secure shareholder approval for his appointment within the statutory timeline mandated by the Securities and Exchange Board of India (SEBI) Listing Regulations. This regulatory requirement ensures that additional directors appointed between general meetings must be ratified by shareholders at the next general meeting or within three months of their appointment, whichever occurs earlier.

The Board of Directors appointed Mr. Upadhyay as an Additional Director on April 29, 2026, in accordance with Section 161(1) of the Companies Act, 2013. However, the requisite shareholder approval was not obtained within the three-month window or at the subsequent general meeting. Consequently, his tenure automatically terminated upon the expiry of the prescribed period on July 29, 2026. The company notified the stock exchanges pursuant to Regulation 30 read with Para 7 of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Disclosures

The disclosure was made to BSE Limited and The Calcutta Stock Exchange Limited on July 29, 2026. Vipin Sharma, an Additional Director of Elitecon International Limited, signed the intimation letter. The filing includes Annexure A, which details the reason for the change as the non-receipt of shareholders' approval under Regulation 17(1C).

Mr. Upadhyay also submitted a formal letter to the Board acknowledging the cessation of his office. In the letter, he requested the Board to complete all consequential statutory compliances, including the filing of e-Form DIR-12 with the Registrar of Companies. He expressed gratitude for the support extended during his tenure.

Director Profile and Other Holdings

As part of the regulatory disclosure, the company provided details regarding Mr. Upadhyay’s other directorships. While he ceased his role at Elitecon International Limited, he continues to serve as a Whole-time Director at Centuple Global Limited. The disclosure confirms that there are no other material reasons for the cessation beyond the regulatory timeline expiry.

What This Means for Governance

The cessation of an additional director due to missed shareholder approval timelines is a routine corporate governance event rather than a reflection of performance or strategic disagreement. It highlights the strict adherence required to SEBI’s listing obligations, where interim board appointments are temporary until ratified by equity holders. For investors, this change does not alter the company’s operational strategy or financial outlook, as the role was transitional pending shareholder consent. The Board will continue its operations without Mr. Upadhyay, ensuring compliance with the Companies Act and SEBI regulations.