Elitecon International Limited has issued a postal ballot notice for its Extra-ordinary General Meeting (EGM) No. 03/2025-26, scheduled to be conducted through electronic voting from December 29, 2025 to January 27, 2026. The company has set December 22, 2025 as the record date for determining eligible shareholders.

Key Meeting Details

The postal ballot process will be conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The company has appointed G Aakash & Associates as the scrutinizer and engaged Bigshare Services Pvt Ltd to provide e-voting facilities.

Special Resolutions for Approval

Investment and Lending Authority Enhancement

The first special resolution seeks shareholder approval to increase the company's investment, lending, and guarantee limits under Section 186 of the Companies Act, 2013. The proposed limit would allow the company to exceed statutory thresholds by up to ₹750.00 crores over and above sixty percent of paid-up share capital, free reserves, and securities premium account.

Director Appointment Regularization

Shareholders will vote on regularizing the appointment of Ms. Anjali Bamboria (DIN: 11061917) as an Independent Director. She was initially appointed as Additional Director on October 28, 2025, and the resolution proposes her appointment for a five-year term until October 27, 2030.

Borrowing Powers Enhancement

The third special resolution proposes to increase the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013 to ₹500.00 crores. This enhancement aims to provide greater financial flexibility for the company's business operations and future growth plans.

Voting Process and Timeline

The e-voting facility will be available to all shareholders whose names appear in the register of members as on the record date. The company will not send physical copies of the postal ballot form, and voting will be conducted entirely through electronic means. Results will be announced within two working days of the voting conclusion and will be available on the company's website and stock exchange platforms.

The resolutions, if passed by requisite majority, will be deemed effective from January 27, 2026, being the last date specified for e-voting.

Elitecon International Limited has announced a major long-term supply contract worth USD 97.35 million (approximately ₹8.75 billion) with Yuvi International Trade FZE, significantly strengthening its presence in the Middle Eastern market. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Overview and Financial Impact

The comprehensive supply agreement spans a two-year period commencing from January 1, 2026, with a lock-in period of one year. The contract encompasses a diverse range of tobacco products and allied items, positioning the company for sustained revenue generation.

Product Portfolio and Specifications

The long-term supply contract covers an extensive range of tobacco commodities and allied products. The agreement includes detailed specifications for various product categories, demonstrating the comprehensive nature of the business relationship.

Key Product Categories:

• Cigarettes: Multiple brands including Kingsman, TLeaf, and The Elite One variants
• Premix Sheesha: Al Sabha brand products
• Hookah Tobacco: Al Noor branded items
• Smoking Mixtures: Al Shahbesh products
• Scented Jarda: Spark brand tobacco products

The contract includes detailed product specifications, delivery schedules, and quality parameters, ensuring standardized supply throughout the agreement period. Payment terms are structured with advance payments or within 90 days as mutually decided between the parties under respective purchase orders.

Strategic Market Positioning

This long-term supply order provides Elitecon International with steady export visibility over the contract period and reflects continued demand for its products in international markets. The agreement strengthens the company's presence in Middle Eastern markets and aligns with its ongoing focus on expanding exports and building a sustainable, scalable business model.

The contract was awarded in the normal course of business and supports efficient utilization of manufacturing capacities and better planning of operations. The company confirmed that neither the promoter/promoter group/group companies have any interest in the entity that awarded the order, and the contract does not fall within related party transactions.

Operational and Compliance Framework

The supply contract includes comprehensive terms covering delivery schedules, quality warranties, force majeure provisions, and dispute resolution mechanisms. The agreement specifies that arbitration proceedings shall be conducted in accordance with UAE arbitration laws, with Dubai as the venue for any disputes.

Key operational highlights include flexible delivery terms based on purchase orders, quality assurance provisions, and structured payment mechanisms. The contract also incorporates confidentiality clauses and non-solicitation agreements, protecting both parties' business interests.

Growth Outlook

The management expects this order to contribute positively to business stability and long-term growth. The contract provides visibility for revenue generation over the next two years while enabling better capacity utilization and operational planning. This development reinforces Elitecon International's position in the tobacco products sector and its capability to secure significant international contracts.

The company's manufacturing facility located at GAT No. 353/2, Mauje Talegaon, Dindori, Nashik, Maharashtra, will serve as the primary production and supply hub for fulfilling this contract, ensuring efficient logistics and quality control throughout the agreement period.