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Elitecon International informs about outcome of board meeting

13 Mar 2024 Evaluate
Elitecon International has informed that the Board of Directors of the Company at their meeting held on March 13, 2024, has, considered and approved the following matters: Increase in the Authorised Share Capital of the Company from Rs. 10,00,00,000 (Rupees Ten Crore only) divided into 1,00,00,000 (One Crore) Equity Shares of Rs. 10 each to Rs. 40,00,00,000 (Rupees Forty Crore only) divided into 4,00,00,000 (Four Crore) Equity Shares of Rs. 10 each by creating additional 3,00,00,000 (Three Crore) Equity Shares of Rs. 10 each, subject to the approval of the members of the Company in their ensuing general meeting of the Company; Fund raising by way of a Rights Issue of Equity Shares of face value of Rs. 10/- each, to the eligible shareholders as on the record date (to be notified later), for an aggregate amount of upto Rs. 45,00,00,000/- (Rupees Forty Five Crore only); Formation of ‘Rights Issue Committee’ to decide detailed terms and conditions of the Rights Issue including but not limited to rights entitlement ratio, price, fixation of record date, timing, appointment of intermediaries and all other related matters, from time to time, in accordance with applicable laws; Holding of an Extra-ordinary general meeting of the Company at a shorter notice for acquisition of a Company as a going concern and other relevant matters.

The above information is a part of company’s filings submitted to BSE.

Elitecon Internation Share Price

41.07 -0.15 (-0.36%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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