Elitecon International Ltd — Important, 27-02-2026: Company Update

Elitecon International's manufacturing facility in Nashik underwent an inspection by Food and Drug Administration (FDA) officials. This inspection was in connection with regulations regarding tobacco products. During the process, certain tobacco product inventories and a packing/sealing machine were seized. The company has clarified that its other business operations continue normally, and there is no material impact on its overall operations or going concern status. The matter is currently under review by the authorities, and any financial or operational impact is not yet quantifiable.