Elitecon International
108.28
+5.15(+4.99%)
Market Cap₹17,308.53 Cr
PE Ratio66.97
Company Performance:
1D+4.99%
1M+3.03%
6M+102.39%
1Y+1,053.14%
5Y+10,212.38%
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More news about Elitecon International
01Oct 25
Elitecon International Expands FMCG Footprint with Rs 181.25 Crore Acquisition of Two Agro Companies
Elitecon International has acquired majority stakes in two agro companies for a total of Rs 181.25 crores. The company purchased a 55% stake in Landsmill Agro Private Limited for Rs 52.85 crores and a 51.65% stake in Sunbridge Agro Private Limited for Rs 128.40 crores. Both acquisitions aim to strengthen Elitecon's position in the FMCG sector, particularly in agro products and allied activities. Elitecon plans to acquire 100% equity stakes in both entities within 12 months. The acquired companies have shown significant turnover growth, with Landsmill Agro reporting Rs 1,394.80 crores and Sunbridge Agro reporting Rs 1,443.04 crores in turnover.
25Sept 25
Elitecon International Plans ₹300 Crore QIP for Strategic Agro Acquisitions
Elitecon International plans to raise ₹300 crore through a QIP to acquire Sunbridge Agro and Landsmill Agro. Sunbridge Agro has an 800 MT/day edible oil refinery and reported ₹1,443 crore in net sales for FY25. Landsmill Agro operates a 235 MT/day facility and reported ₹1,395 crore in revenue for FY25. Elitecon's consolidated net sales for FY25 were ₹549 crore. The acquisitions aim to strengthen Elitecon's FMCG portfolio and create long-term shareholder value.
06Sept 25
Elitecon International Sets 38th AGM for September 30, Appoints New Independent Director
Elitecon International Limited will hold its 38th AGM on September 30, 2025, via video conferencing. The Board approved the FY 2024-25 Annual Report and set the book closure period from September 24-30, 2025. Mr. Aakash Goel was appointed as AGM scrutinizer and secretarial auditor for five years. Mr. Edward Michael Bourgoin joined as Additional Non-Executive Independent Director. Remote e-voting will be available from September 27-29, 2025, with September 23 as the cut-off date for voting eligibility.
27Aug 25
Elitecon International Leads 33 Stocks with Staggering 22,344% Gain Since Last Ganesh Chaturthi
33 stocks have shown exceptional returns since the last Ganesh Chaturthi, with Elitecon International leading at a 22,344% gain. Other top performers include Kothari Industrial Corporation (2,557%) and Colab Platforms (981%). This comes despite the Nifty index falling 0.60% in the same period and currently being 6.00% below its peak. The broader market shows mixed results with 265 stocks delivering double-digit returns, while 790 stocks posted negative returns.
01Aug 25
Elitecon International Unveils Ambitious Growth Strategy: QIP, FMCG Acquisition, and Board Restructuring
Elitecon International Limited has approved several strategic initiatives. The company plans to raise ₹300 crore through a QIP and invest ₹350 crore to acquire Ashicore International Private Limited in the FMCG sector. Two new Non-Executive Independent Additional Directors, Mr. Susanta Kumar Panda and Mr. Venkata Ramesh Penumaka, have been appointed to the board. The company also plans to shift its registered office from Delhi to Maharashtra and has scheduled an EGM for August 29, 2025, to seek shareholder approval for these initiatives.
10Jul 25
Elitecon International Acquires UAE's Prime Place Spices Trading for ₹700 Crore
Elitecon International has acquired Prime Place Spices Trading L.L.C, a UAE-based company, for ₹700 crore. This strategic move aims to expand Elitecon's global presence, particularly in the Middle East, and strengthen its position in the spice trading industry. The acquisition is expected to diversify Elitecon's product portfolio and provide access to new markets. This significant investment demonstrates Elitecon's commitment to growth in the international FMCG sector.
04Jul 25
Elitecon International Unveils Ambitious Expansion and Fundraising Plans
Elitecon International has unveiled plans to explore foreign business acquisitions to expand its global presence. The company is considering raising up to 3.00 billion rupees through a Qualified Institutional Placement (QIP). Additionally, Elitecon is evaluating the possibility of a preferential equity share offering as an alternative or complementary fundraising method.
Elitecon International
108.28
+5.15
(+4.99%)
1 Year Returns:+1,053.14%
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