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Elitecon International informs about outcome of board meeting

10 Jul 2025 Evaluate
Elitecon International has informed that the Board of Directors of the Company at its meeting held on Wednesday, July 09, 2025, has considered and approved the following matters; Acquisition of an overseas business entity in accordance with the provisions of the Companies Act, 2013 and other applicable laws, rules and regulations, as amended, subject to such regulatory/ statutory approvals as may be required. Details as required under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Master SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed as Annexure A; Issue of Equity Shares through Qualified Institutions Placement (QIP) for an aggregate amount up to Rs. 300,00,00,000 (Rupees Three Hundred Crores Only) or an equivalent amount thereof (inclusive of such premium or discount as may be fixed on such Equity Shares) subject to the receipt of approval of the Members of the Company and such other approval(s)/ permission(s)/ consent(s)/ sanction(s) of any government/ regulatory/ statutory authorities, as may be required. Details with respect to the proposed Qualified Institutions Placement in terms Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure B.

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

Elitecon Internation Share Price

43.38 -2.28 (-4.99%)
21-Apr-2026 16:59 View Price Chart
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