Elitecon International Ltd

Elitecon International Limited has received a three-month extension from the Registrar of Companies (ROC) to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company had applied for this extension on August 17, 2026, citing the resignation of its secretarial auditor as the reason. The ROC approved the extension on September 3, 2026, allowing the AGM to be held by December 31, 2026, instead of the original deadline of September 30, 2026. The exact date and details of the AGM will be announced later by the Board of Directors.

Elitecon International Limited has announced eight key appointments to strengthen its Board and senior management, effective August 14, 2026. These appointments include three Additional Directors in the Non-Executive Independent category, one of whom is a Woman Independent Director. Mr. Pradeep Kumar has been elevated to Managing Director from Additional Executive Director for a five-year term. The company also appointed an Executive Director, a Company Secretary designated as Compliance Officer, a Chief Financial Officer, and a Secretarial Auditor. These changes are part of the company's roadmap to enhance governance and leadership across critical functions to support future growth.

Elitecon International Limited announced the outcome of its Board Meeting held on August 14, 2026. The board approved the appointment of Ms. Prachi Gupta as Non-Executive Independent Woman Director, Ms. Nisha as Non-Executive Independent Director, Mr. Suraj Singh as Non-Executive Independent Director, and Mr. Paramjeet Singh Gulati as Executive Director. These appointments are subject to member approval as per regulations.

Elitecon International Ltd has announced the resignation of its Secretarial Auditor, M/s. G Aakash & Associates, effective August 11, 2026. The resignation was communicated via email on August 11, 2026. The company stated that no further detailed reason for the auditor's inability to continue services was provided. The engagement of the Secretarial Auditor stands discontinued from the effective date. This disclosure is made pursuant to SEBI Listing Regulations.

Elitecon International Limited has appointed Mr. Vipin Sharma and Mr. Pradeep Kumar as Executive Additional Directors, effective July 22, 2026. This move, approved by the Board on the same day and subject to shareholder approval, signals a significant step in the company's operational revival, coinciding with the resumption of banking operations. Mr. Sharma, a former Managing Director, returns to lead the revival, bringing extensive experience from his previous roles and his deep involvement in building the company. Mr. Kumar, currently a Director at subsidiary Golden Cryo Private Limited, adds over 23 years of experience in large-scale construction and infrastructure. The company plans to further strengthen its leadership with more key managerial personnel and independent directors.

Elitecon International Limited has appointed Mr. Vipin Sharma and Mr. Pradeep Kumar as Additional Directors to its Board. This move was necessitated by the cessation of Independent Directors, which had reduced the Board's strength below the required quorum. The appointments were made by the sole continuing Director, Mr. Kumar Anubhav Upadhyay, under Section 174(2) of the Companies Act, 2013, to restore the Board's quorum. Both directors will hold office until the next Annual General Meeting, subject to shareholder approval within three months. This action aims to ensure the company's operational continuity and compliance.

Elitecon International Limited has appointed Mr. Vipin Sharma and Mr. Pradeep Kumar as Additional Directors to the Board. This action was taken following the cessation of previous Independent Directors, which had reduced the Board's strength below the required quorum. The appointments were made by the sole continuing Director, Mr. Kumar Anubhav Upadhyay, to restore the necessary quorum and strength. The new directors will hold office until the next Annual General Meeting, subject to shareholder approval. The meeting where these appointments were approved transacted no other business.

Elitecon International Ltd has disclosed the resignation of two Non-Executive Independent Directors, Dr. Venkata Ramesh Penumaka and Mr. Edward Michael Bourgoin. The resignations are effective April 7, 2026, and April 27, 2026, respectively. Dr. Penumaka cited concerns relating to corporate governance and recent regulatory developments. Mr. Bourgoin cited concerns regarding information availability and governance developments. The company acknowledged a delay in processing and disclosing these resignations due to an inadvertent oversight during a senior management transition, and stated corrective measures are being taken to prevent recurrence. Both directors have also ceased their committee positions.

Elitecon International Limited has announced progress in restoring its banking operations following a SEBI interim order on March 30, 2026, which restricted debits from its accounts. The company disputed the allegations and filed a preliminary response. A representation on July 10, 2026, led to SEBI issuing a clarification to the concerned banks on July 16, 2026. Kotak Mahindra Bank has confirmed the removal of restrictions. Elitecon is awaiting direct confirmation from SEBI to fully implement the clarification and normalize operations. The company expressed gratitude to SEBI for addressing operational difficulties, which is a crucial step towards rebuilding stakeholder confidence and resuming normal business activities while regulatory proceedings continue.

Unico Global Opportunities Fund Limited has disclosed its acquisition of 13,690,000 equity shares in Elitecon International Limited. This acquisition, completed via conversion of warrants on May 5, 2025, represents a significant change in shareholding. Post-acquisition, Unico Global holds 13,690,000 shares, which constitutes approximately 8.57% of Elitecon International's total equity capital. The total equity share capital of Elitecon International has increased post-acquisition to 159,850,000 shares.