Elitecon International has announced a strategic roadmap to build a diversified FMCG platform targeting approximately Rs 20,000 crore in revenue by FY30. The company outlined a capital outlay of Rs 700 crore to support this expansion, which will be driven by a dual-platform model comprising its international tobacco export business and a phased FMCG rollout focused on packaged foods, edible oils, and household essentials. The company currently carries a market capitalisation of Rs 4,300 crore.

Strategic Foundation and Order Book

The expansion strategy is anchored by a contracted international tobacco order book valued at over USD 119 million, spanning Africa and the Middle East. This includes a two-year export agreement with South Africa-based Bozza Tobacco (PTY) Ltd valued at approximately INR 2.02 billion, and an ongoing USD 97.35 million order for the Middle East through Yuvi International Trade FZE. These international contracts provide the financial backing for the company's growth ambitions.

Expansion Roadmap and Manufacturing

Elitecon International plans to utilize its existing 40,000+ sq. ft. manufacturing facility in Nashik, Maharashtra, alongside proposed capability enhancements. The company is undertaking automation upgrades, expanding its in-house quality assurance laboratory, and adding calibrated capacity aligned with confirmed order visibility. The FMCG rollout will follow a milestone-led structure, with category launches executed only after documented readiness across manufacturing, sourcing, and distribution.

Distribution and Portfolio Targets

The company aims to build a robust distribution network targeting 5,000 partners and a presence across 5,00,000+ retail outlets. The roadmap includes scaling a portfolio of 10 consumer brands and 150+ SKUs, with a planned reach into 15+ international markets. Kumar Anubhav Upadhyay, Executive Director, emphasized disciplined execution, stating that the company will sequence FMCG launches strictly behind documented readiness rather than arbitrary timelines.

The following table summarizes the key parameters of Elitecon International's strategic growth plan:

elitecon international has disclosed that the Securities and Exchange Board of India (SEBI) has appointed a forensic auditor to review the company's books of accounts. This appointment follows a communication received from SEBI on May 12, 2026, and an Interim Order dated March 30, 2026.

M/s BDO India Services Private Limited has been tasked with conducting the forensic audit. The audit will cover the financial years 2022-23, 2023-24, 2024-25, and 2025-26. The primary objective of the audit is to assist the Investigating Authority appointed by SEBI in the ongoing matter concerning the company.

Particulars of the Appointment

The company provided specific details regarding the audit initiation and the reasons behind it in its regulatory filing.

Company Statement

Elitecon International Limited clarified that the disclosure is being made in compliance with the exchange's email and applicable disclosure requirements. The company explicitly stated that this announcement should not be construed as an admission of any violation, default, liability, or adverse finding against it.

The company noted that the matter is currently pending before SEBI. Any observations made are subject to the inspection of records, the company's response, a hearing, and final determination in accordance with the law. Elitecon International Limited affirmed that it is extending necessary cooperation in the matter while reserving all its rights, remedies, and contentions.