Elitecon International seeks approval for increased borrowing, investment limits

Elitecon International Limited will conduct a postal ballot from December 29, 2025, to January 27, 2026, to seek shareholder approval for several key resolutions. Among these is a proposal to increase the company's investment and lending limits to INR 75,000,000,000, exceeding existing statutory thresholds. Additionally, the company aims to enhance its borrowing capacity, proposing to raise it to INR 5,000,000,000, an increase over the aggregate of paid-up capital and free reserves.

Shareholders will also vote on the regularization of Ms. Anjali Bamboria's appointment as an independent director for a five-year term, effective October 28, 2025. Ms. Bamboria is a non-executive independent director with a Master's in Commerce and is a company secretary. She holds one other directorship and no equity shares in Elitecon International.

The e-voting period for these resolutions will commence on December 29, 2025, at 09:00 A.M. IST and conclude on January 27, 2026, at 5:00 P.M. IST. The cut-off date for determining eligible voters was December 22, 2025. Bigshare Services Pvt Ltd will facilitate the e-voting process, and results will be announced within two working days of the ballot's conclusion on the company's website and communicated to the BSE and Calcutta Stock Exchange.