Elitecon International names new CFO amid tax dispute

Elitecon International Limited announced the appointment of Sachin Ashok Sabale as its new Chief Financial Officer, effective July 4, 2025. This decision comes as the company grapples with significant regulatory and tax-related challenges. The Board of Directors also deferred a decision on raising funds through various means, including preferential allotment and convertible warrants, citing recent developments requiring a change in strategy.