Elitecon International Ltd — Others, 09-05-2025: AGM/EGM

Elitecon International Limited has announced a board meeting to seek shareholder approval for sub-division of its equity shares from Rs. 10 each to Re. 1 each to enhance liquidity and make shares more affordable for small investors. The authorized share capital will remain Rs. 300 Cr but divided into 300 crore shares of Re. 1 face value. The paid-up capital will also be adjusted accordingly without change in total capital. The company will issue new share certificates post subdividing existing physical or demat shares. Additionally, the company will alter the capital clause in its Memorandum of Association to reflect this change in share structure. This move aims to improve trading accessibility for shareholders. Voting will be conducted via e-voting and at an Extra-Ordinary General Meeting.