Elitecon International Ltd — Others, 15-07-2025: AGM/EGM

Elitecon International has called an Extra-Ordinary General Meeting to seek shareholder approval for three significant proposals. The company proposes to raise up to Rs. 300 Cr via a Qualified Institutions Placement (QIP) and issue Rs. 400 Cr worth of equity shares on a preferential basis at Rs. 55 per share to a non-promoter. Both capital raising efforts are primarily for the acquisition of Prime Place Spices Trading L.L.C., a Dubai-based entity. Additionally, the company seeks approval to increase its limit for investments, loans, and guarantees up to Rs. 1,000 Cr, beyond existing thresholds, to support future business expansion.