Elitecon International , a prominent player in the FMCG sector, has announced ambitious plans to raise ₹300 crore through a Qualified Institutional Placement (QIP). The company aims to use these funds for the strategic acquisition of two agro companies, Sunbridge Agro and Landsmill Agro, in a move set to significantly expand its market presence and operational capacity.

Acquisition Targets

Sunbridge Agro

Sunbridge Agro brings to the table a substantial operational capacity with its 800 MT per day edible oil refinery and a 9,250 MT storage capacity. The company's financial performance has been robust, with reported net sales of ₹1,443.00 crore and a profit of ₹34.00 crore in FY25. Looking ahead, Sunbridge Agro projects an optimistic outlook with anticipated sales of ₹2,520.00 crore and a profit of ₹73.00 crore for FY26.

Landsmill Agro

The second acquisition target, Landsmill Agro, operates a 235 MT per day facility in Mathura. The company reported a strong financial performance with revenue of ₹1,395.00 crore and a profit of ₹25.00 crore in FY25. For FY26, Landsmill Agro projects revenue of ₹1,800.00 crore and a profit of ₹44.00 crore. Notably, Landsmill boasts an extensive distribution network with over 500 distributors across India and supplies to major FMCG companies.

Elitecon's Financial Performance

Elitecon International has demonstrated solid financial results, reporting consolidated net sales of ₹549.00 crore and a profit of ₹70.00 crore in FY25. The company's performance in Q1 FY26 has been particularly impressive, with sales reaching ₹525.00 crore and profit soaring to ₹72.00 crore.

Strategic Vision

Vipin Sharma, Managing Director of Elitecon International, emphasized the strategic importance of these acquisitions. He stated that the move would significantly strengthen the company's FMCG portfolio and is expected to create long-term value for shareholders.

Financial Highlights

This strategic move by Elitecon International marks a significant step in its growth trajectory. The acquisitions are poised to enhance the company's production capabilities, expand its product portfolio, and strengthen its market position in the competitive FMCG sector.

Elitecon International Limited has announced its 38th Annual General Meeting (AGM) will be held on September 30, 2025, at 3:00 PM through video conferencing. The company's Board of Directors made several key decisions in a meeting on September 6, 2025.

AGM and Financial Reporting

The Board approved the Annual Report for the fiscal year 2024-25. The AGM will be conducted virtually, in line with regulatory guidelines amid ongoing precautions. The company has set the book closure period from September 24 to September 30, 2025.

New Appointments

Mr. Aakash Goel of G Aakash & Associates has been appointed as both the scrutinizer for the AGM and the secretarial auditor for five consecutive years, from FY 2025-26 to FY 2029-30, subject to shareholder approval.

In a significant move, the Board has appointed Mr. Edward Michael Bourgoin as an Additional Non-Executive Independent Director, effective September 6, 2025. Mr. Bourgoin, a British citizen with a Bachelor of Arts from the University of Cambridge, brings extensive corporate experience to Elitecon. He currently holds board positions in several companies, including Buckingham Square Limited and MB Power (Madhya Pradesh) Limited.

E-Voting Details

Elitecon has arranged for remote e-voting facilities for shareholders. The e-voting period will run from September 27 to September 29, 2025, with September 23, 2025, set as the cut-off date for determining voting eligibility.

Financial Performance

While specific financial figures were not provided in the announcement, the company stated that the Annual Report for FY 2024-25 has been approved by the Board, indicating that comprehensive financial results will be available to shareholders in due course.

Elitecon International Limited, listed on the BSE and Calcutta Stock Exchange, continues to evolve its corporate governance practices and board composition as it moves forward in the tobacco and allied products sector.