Elitecon Intl.

Elitecon International's board approved a proposal to raise up to ₹1,000 crore through qualified institutions placements in one or more tranches. The proposal was subject to shareholder approval by special resolution and requisite statutory and regulatory approvals, with pricing to be determined under SEBI's Chapter VI framework. The company had raised ₹158.64 crore through warrants and preferential allotment in FY25, and a subsequent QIP funding failed. Consolidated revenue was ₹5,074.80 crore in the year to March 2026, with standalone revenue of ₹1,529.50 crore. Consolidated assets stood at ₹1,963.45 crore, including receivables of ₹1,139.88 crore and borrowings of about ₹282.45 crore.

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Elitecon International entered into a Product Supply Framework Agreement with World Class 77 of Boksburg, South Africa on 26 September 2026. The non-exclusive framework covers potential exports of cut blended tobacco, homogenised tobacco, cigarettes and fast-moving consumer goods through 31 August 2027, with individual supplies against purchase orders accepted in writing on FCA Jawaharlal Nehru Port terms and payment 90 days after the transport-document date. Schedule I to the agreement records an aggregate indicative ceiling of up to USD 60 million, equivalent to about Rs 574.2 crore, with no minimum-purchase or take-or-pay commitment. The company manufactures cigarettes and smoking mixtures at Dindori, Nashik, with installed capacity of more than 80 million sticks a month, alongside edible-oil refining at Kandla and agro processing at Mathura and trading operations through subsidiaries in the United Arab Emirates and Singapore. It reported standalone revenue of Rs 1,529.5 crore and consolidated revenue of Rs 5,074.8 crore for the year to March 2026, with the consolidated figure including six months of the Sunbridge Agro and Landsmill Agro subsidiaries from 30 September 2025.

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Elitecon International appointed five directors and two key executives at a board meeting on August 14, including Pradeep Kumar as managing director for five years, subject to shareholder approval. It appointed Prachi Gupta, Nisha and Suraj Singh as additional independent directors, Paramjeet Singh Gulati as an executive director, Purva Jhanwar as company secretary and compliance officer, and Kusha Charan Swain as chief financial officer. Neeraj Bajaj & Associates was appointed secretarial auditor to fill the vacancy caused by the resignation of G Aakash & Associates, with the mandate lasting until the ensuing annual general meeting. The appointments followed months in which the company recorded multiple director, CFO and company secretary departures and a board quorum shortfall; consolidated revenue was ₹3,739 crore in H1 FY26.

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Elitecon International Limited informed exchanges under SEBI's Takeover Regulations that Unico Global Opportunities Fund Limited acquired 1.37 crore warrants on September 30, 2024, representing an 8.57% stake in the company. The London-based fund had no prior holding in Elitecon, and the warrants were issued through a preferential allotment. If converted, the warrants would make Unico a significant minority shareholder. The filing did not disclose the issue price or total funds to be raised, but the transaction marks a notable institutional foray into the small-cap firm that later faced regulatory and management crises in 2026.

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** Shares of Elitecon International ELIL.NS surge 20% to hit upper circuit limit of 32.4 rupees

** Co announces 7 billion rupee ($73.46 million) expansion roadmap anchored on dual-platform model comprising international tobacco export business and phased FMCG rollout focused on packaged foods, edible oils, and everyday household essentials

** Expansion to be supported through co's Nashik facility where capability will be enhanced through automation upgrades, expansion of in-house quality assurance lab

** Targets 200 billion rupees in revenue by FY30

** More than 5.9 million shares traded so far vs 30 day avg of 1.9 million shares

** Stock down 21.9% since listing on April 20

($1 = 95.2900 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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April 29 (Reuters) - Elitecon International Ltd ELIL.BO:

• ELITECON INTERNATIONAL LTD - ANNOUNCES STRATEGIC SHIFT TO CONSUMER-FACING MULTI-CATEGORY FMCG PORTFOLIO

• ELITECON INTERNATIONAL LTD - TARGETS 200 BILLION RUPEES FMCG REVENUE BY FY30

• ELITECON INTERNATIONAL LTD - PLANS TO INVEST UP TO 7 BILLION RUPEES FOR PHASED FMCG EXPANSION

Source text: ID:nBSE8DdwXh

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March 31 (Reuters) - >:

• INDIA MARKETS REGULATOR: EX-PARTE INTERIM ORDER IN MATTER OF ELITECON INTERNATIONAL

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Feb 20 (Reuters) - Elitecon International Ltd ELIL.BO:

• ELITECON INTERNATIONAL LTD - TO CONSIDER PROPOSED REVERSAL OF ACQUISITION OF SUNBRIDGE AGRO

Source text: ID:nBSE9xmB6T

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July 4 (Reuters) - Elitecon International Ltd ELIL.BO:

• TO CONSIDER OVERSEAS BUSINESS ACQUISITION

• TO CONSIDER RAISING UP TO 3 BILLION RUPEES VIA QIP

• TO CONSIDER PREFERENTIAL EQUITY SHARE ISSUE

Source text: ID:nBSE3B6w23

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June 25 (Reuters) - Elitecon International Ltd ELIL.BO:

• ELITECON INTERNATIONAL LTD - BOARD TO DISCUSS FUNDRAISING PROPOSAL UP TO 750 MILLION RUPEES

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April 24 (Reuters) - Elitecon International Ltd ELIL.BO:

• INCORPORATED SUBSIDIARY IN SINGAPORE

Source text: ID:nBSE4ZMJgL

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March 21 (Reuters) - Elitecon International Ltd ELIL.BO:

• ELITECON INTERNATIONAL LTD - CHETNA RESIGNS AS CFO

• ELITECON INTERNATIONAL LTD - ANMOL VERMA APPOINTED AS CFO

Source text: ID:nBSE9JxcWC

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Nov 22 (Reuters) - Elitecon International Ltd ELIL.BO:

• ELITECON INTERNATIONAL - ISSUE OF SHARES WORTH UP TO 227.9 MILLION RUPEES ON PREFERENTIAL BASIS

Source text: ID:nBSE7pvQLp

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