Elitecon International has received approval for proposal to raise funds for an aggregate amount not exceeding Rs. 1,000 crore by way of issuance of equity shares of the company and/or such other eligible securities, including securities convertible into or exchangeable for equity shares, as may be permissible under applicable law, through one or more Qualified Institutions Placements (QIP), in one or more tranches and/or issuances. The Board of Directors of the Company at its meeting held on October 12, 2026, has, inter alia, considered and approved the same.
Elitecon International is engaged in manufacturing and trading of cigarettes, smoking mixture and sheesha and other allied products of the tobacco industry across Domestic Market and Overseas Market.
