Elitecon International Ltd

Elitecon International Management Change

Elitecon International Limited has appointed M/s. Geeta & Co as its new Internal Auditor, replacing the outgoing firm Jain & Rajeev Associates.

Elitecon International Capital Structure Change

EBISU Global Opportunities Fund Limited has reduced its stake in Elitecon International Limited through open market sales between July 2026 and September 2026.

Execution

July 10, 2026, to September 18, 2026

Elitecon International Q4 FY26 Results: Net Loss of ₹85.1 Cr

Elitecon International Ltd reported revenue from operations of ₹1,881 Cr (+500.6% YoY) and a net loss of ₹85.1 Cr for Q4 FY26.

Key figure

Net loss ₹85.1 Cr

Elitecon International Board Meeting Date

Elitecon International intimated BSE of a board meeting scheduled for 21 Sep 2026 to consider audited financial results for FY26. The notice carries no financial figures, only the proposed agenda.

Elitecon International Annual General Meeting

Elitecon International Limited has issued a Postal Ballot Notice seeking member approval for the appointment of directors and a Managing Director.

Elitecon International Board Meeting Outcome

Elitecon's board approved a postal ballot for appointing five new directors, including a new MD. E-voting runs September 19 to October 18, 2026.

Elitecon International Board Meeting Date

Elitecon International Limited announced a board meeting on September 21, 2026, to approve the audited financial results for the quarter and year ended March 31, 2026.

Elitecon International Legal & Regulatory

Elitecon International received a BSE communication regarding alleged LODR non-compliance fines totaling ₹2.38 lakh. The company has applied for a waiver and is awaiting the decision.

Value

₹0.02 Cr

Elitecon International Annual General Meeting

Elitecon International Limited received ROC approval to extend its Annual General Meeting deadline by three months. The meeting for FY2026 can now be held by December 31, 2026.

Execution

3 months

Elitecon International Board Meeting Outcome

Elitecon International's board approved several key leadership appointments, including a new Managing Director, CFO, Company Secretary, and various directors. These changes strengthen the firm's management team.

Elitecon International Management Change

Secretarial Auditor M/s G Aakash & Associates has resigned. The resignation is effective from August 11, 2026.

Elitecon International Other Announcement

Elitecon International Ltd has filed its quarterly shareholding pattern for the period ended June 30, 2026, as per regulatory requirements.

Elitecon International Management Change

Two Independent Directors of Elitecon International, Dr. Venkata Ramesh Penumaka and Mr. Edward Michael Bourgoin, have resigned citing corporate governance and information availability concerns.

Elitecon International Other Announcement

Elitecon International Ltd has filed its quarterly shareholding pattern for the period ending June 30, 2026. The filing provides details on promoter and public shareholdings.

Elitecon International Business Update

Elitecon International Limited issued a press release providing an update on the restoration of its banking operations following SEBI’s clarification. The company is now focusing on business recovery.

Elitecon International Capital Structure Change

EBISU Global Opportunities Fund acquired 1,37,00,000 warrants in Elitecon International, representing an 8.578% stake. This non-promoter acquisition was executed via a warrants issue.

Elitecon International Price Movement Clarification

Elitecon International clarified that the delay in submitting audited results is due to internal finalisation. The company is taking steps to complete the process and submit results soon.

Elitecon International Other Announcement

Elitecon International Ltd informed exchanges of a delay in submitting audited financial results for Q4 and FY ended March 31, 2026. The delay is due to finalisation and audit of consolidated statements.

Elitecon International Capacity Expansion: ₹700 Cr Investment

Elitecon International announced a ₹700 Crore FMCG expansion roadmap targeting ₹20,000 Crore revenue by FY30. The strategy includes enhancing its Nashik facility and building a massive retail network.

Value

₹700.0 Cr

Execution

FY2030

Elitecon International Other Announcement

SEBI appointed M/s BDO India Services as forensic auditor for Elitecon International's books from FY23 to FY26. The company is extending cooperation during the ongoing investigation.

Execution

FY 2022-23 to FY 2025-26

Elitecon International Board Meeting Outcome

Elitecon International Limited announced board changes effective April 29, 2026. Mr. Kumar Anubhav Upadhyay was appointed as an Executive Additional Director, while Mr. Vipin Sharma resigned as Managing Director. These leadership transitions align with the company's organizational restructuring.

Elitecon International Capacity Expansion: ₹700 Cr Investment

Elitecon International Limited is targeting ₹20,000 crore FMCG revenue by FY30. The company plans to invest ₹700 crore to expand its global distribution to 5,000 distributors and 5 lakh retail outlets. This strategic shift includes launching 10 consumer brands and activating 5 export corridors across the Middle East, Africa, and South-East Asia.

Value

₹700.0 Cr

Execution

By FY30

Elitecon International Bags ₹202 Cr Order

Elitecon International Ltd secured a ₹202 Crore long-term supply contract from Bozza Tobacco (PTY) Ltd for cigarettes and tobacco-allied products. The agreement spans two years and marks the company's entry into the African continent, providing steady export visibility and supporting manufacturing capacity utilization.

Value

₹202.0 Cr

Execution

Two years

Elitecon International Legal & Regulatory

Elitecon International Limited received a Show Cause Notice from DGGI proposing demands totaling ₹442.29 Crore. This includes ₹221.89 Crore in taxes, ₹129.18 Crore in interest/penalties, and ₹91.22 Crore in refund recoveries. The company is currently reviewing the notice and intends to defend its position legally.

Value

₹442.3 Cr

Elitecon International Legal & Regulatory

Elitecon International Limited received a Show Cause Notice from DGGI Lucknow proposing demands totaling ₹442.29 Crore. This includes tax, interest, penalties, and refund recoveries related to GST compliance and interpretation issues. The company is reviewing the notice to take appropriate legal measures, as no final liability has been determined yet.

Value

₹442.3 Cr

Elitecon International Price Movement Clarification

Elitecon International Limited clarified to BSE that recent significant volume movement in its equity shares is purely market-driven. The company confirmed there is no undisclosed material information or event impacting operations or share price, maintaining its commitment to timely regulatory compliance under SEBI LODR regulations.

Elitecon International Board Meeting Outcome

Elitecon International Limited held a board meeting on April 08, 2026, recording several leadership exits. Non-Executive Independent Directors Susanta Kumar Panda and Anjali Bamboria, CFO Sachin Ashokrao Sabale, and Company Secretary Rajlaxmi Saini have resigned from their respective positions effective early April 2026.

Elitecon International Management Change

Elitecon International Limited announced the resignation of its Chief Financial Officer, Mr. Sachin Ashokrao Sabale, effective April 03, 2026. The resignation, cited for personal reasons, will be formally recorded at the upcoming Board of Directors meeting. This leadership exit marks a change in the company's Key Managerial Personnel.

Elitecon International Management Change

Elitecon International Limited announced the resignation of Ms. Anjali Bamboria as a Non-Executive Independent Director, effective April 3, 2026. The resignation is attributed to personal reasons. She concurrently serves as an independent director at Shreeoswal Seeds And Chemicals Limited, where she chairs multiple board committees.

Elitecon International Management Change

Ms. Rajlaxmi Saini has resigned as Company Secretary and Compliance Officer of Elitecon International Limited, effective April 02, 2026. The resignation, cited for personal reasons, will be formally recorded at the next Board of Directors meeting.