Elitecon International Ltd Acquires Major Stake in Landsmill Agro and Sunbridge Agro for Rs. 181,25,73,100

Elitecon International Ltd has acquired equity stakes in Landsmill Agro Private Limited and Sunbridge Agro Private Limited, making them subsidiaries. The total cash consideration for the acquisition is Rs. 181,25,73,100. Landsmill Agro, incorporated in 2019, has a paid-up share capital of Rs. 9,36,00,000 and a turnover of Rs. 139,480.05 Lakhs as of March 31, 2025. Sunbridge Agro, incorporated in 2022, has a paid-up share capital of Rs. 19,12,15,810 and a turnover of Rs. 144,304.32 Lakhs as of March 31, 2025. The primary objective of these acquisitions is to expand and strengthen Elitecon’s FMCG business, enhance operational scale, increase product depth, and diversify revenue streams. Elitecon plans to acquire 100% equity stake in both entities within a period of 12 months.