Elitecon International Ltd — Updates, 07-08-2025: Company Update

**Rain Industries Limited**

Rain Industries reported consolidated revenue of **Rs 4,401.38 Cr** for the quarter, with a net profit of **Rs 60.70 Cr**. For the half-year, consolidated revenue was **Rs 8,169.39 Cr** and a net loss of **Rs 76.99 Cr**. The financial results were approved by the Board. The company also declared an interim dividend of **Rs 1 per equity share**, totaling **Rs 33.64 Cr**, offering a return to shareholders. This update highlights the company's recent financial performance and its commitment to shareholder distributions.

**Raymond Lifestyle Limited**

Raymond Lifestyle Limited has announced its financial results for the quarter, reporting consolidated income from operations at **Rs 143.04 Cr**. The company posted a net loss after tax of **Rs 19.82 Cr** for the period. These results underwent review and received approval from the Audit Committee and Board of Directors. This update provides key insights into the company's recent operational and financial performance, offering stakeholders a clear picture of its short-term business trajectory.

**True Home Finance**

True Home Finance has announced an e-auction for a residential property in Sikar (Rajasthan) due to a loan default. The company aims to recover dues of approximately **Rs 18.12 Lakh**, which includes the principal, interest, and other charges. The auction will be conducted on an "as is where is, as is what is, whatever there is" basis. This action demonstrates the company's process for recovering defaulted loans, which directly impacts its financial health and asset management.

**Texfort Finance Private Limited**

Texfort Finance Private Limited has taken possession of two properties due to loan defaults by a borrower and its guarantors, aiming to recover **Rs 9.51 Cr** plus accrued interest and charges. This enforcement action is part of its debt recovery process. The company also announced a change in its management, with new directors appointed to enhance professional expertise, ensure compliance, and support future development, having received prior approval from the Reserve Bank of India.