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Latest news about Elitecon International

Elitecon International Limited Announces Successful Postal Ballot Results with Three Special Resolutions Approved 6 days ago

Elitecon International Limited successfully completed its postal ballot process with three special resolutions approved by shareholders through remote e-voting from December 29, 2025 to January 27, 2026. The resolutions included authorization for investments exceeding Section 186 limits, regularization of Ms. Anjali Damboria as Independent Director, and increasing borrowing powers to INR 500 crores, all receiving overwhelming shareholder support with approval rates of 99.97% to 100%.

Elitecon International Hits Upper Circuit on Strategic Merger Announcement Despite Market Weakness Jan 20, 2026

Elitecon International Board Evaluates Merger Scheme to Boost Business Synergies Jan 09, 2026

Elitecon International Appoints Deloitte as Strategic Advisor for Group Companies Merger Jan 08, 2026

Elitecon International Hits 5% Upper Circuit After Three-Session Decline, 850% Annual Surge Continues Dec 31, 2025

More news about Elitecon International

27Dec 25

Elitecon International Announces Postal Ballot for EGM with Three Special Resolutions

Elitecon International Limited has issued a postal ballot notice for its EGM No. 03/2025-26, to be held via e-voting from December 29, 2025 to January 27, 2026. The company seeks shareholder approval for three special resolutions: increasing investment and lending limits to ₹750 crores, appointing Ms. Anjali Bamboria as an Independent Director, and enhancing borrowing powers to ₹500 crores. The record date is set for December 22, 2025, with G Aakash & Associates appointed as scrutinizer and Bigshare Services Pvt Ltd as the e-voting service provider.

15Dec 25

Elitecon International Secures $97.35M Supply Deal with Middle East Partner

Elitecon International Limited has secured a significant $97.35 million (₹8.75 billion) supply contract with Yuvi International Trade FZE for tobacco products spanning two years from January 2026. The comprehensive agreement covers diverse tobacco products including cigarettes, hookah tobacco, and smoking mixtures, providing the company with sustained export visibility and strengthening its presence in Middle Eastern markets.

08Dec 25

Elitecon International Pays 5% Interim Dividend, Promoters Waive INR 47.5 Million Entitlement

Elitecon International has announced a 5% interim dividend for FY 2025-26, payable only to non-promoter shareholders. Promoter shareholders voluntarily waived their dividend entitlement, amounting to approximately INR 47.5 million. This strategic move aims to strengthen the company's financial resources, support growth initiatives, and enhance long-term value for all stakeholders. The record date for the dividend is set for November 12, 2025.

05Nov 25

Elitecon International's Q2 Profit Surges 129% to ₹202 Crore on Strong Revenue Growth

Elitecon International's Q2 FY2026 results show exceptional growth. Revenue soared 538% to ₹5,049 crore, while net profit jumped 129% to ₹202 crore. EBITDA increased 171% to ₹222 crore. The FMCG Products segment was the primary growth driver with a 3,686% revenue increase. However, EBITDA margin declined to 4.39% from 10.37%. The company declared an interim dividend of ₹0.05 per share.

05Nov 25

Elitecon International Sets Record Date for Interim Dividend

Elitecon International Limited has announced November 12, 2025, as the record date for its interim dividend of Re. 0.05 per equity share for FY 2025-26. The dividend applies to shares with a face value of Re. 1 each. Shareholders are advised to update their details with depositories or the company's registrar before the record date.

28Oct 25

Elitecon International Limited Announces Board Reshuffle: New Independent Director Appointed as Another Resigns

Elitecon International Limited has approved significant changes to its board of directors. Ms. Anjali Bamboria, a Company Secretary with expertise in corporate laws and finance, has been appointed as a Non-Executive Independent Director. Simultaneously, Ms. Preeti has resigned from her position as Non-Executive Independent Director, citing personal reasons. These changes are effective from October 28, 2025.

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.