Notice is hereby given that 1st (First) Extra-ordinary General Meeting of the Company for the financial year 2025-26 will be held on Monday, June 02, 2025 at 04:00 P.M. at the Registered ....
ELITECON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Elitecon International Ltd (BSE Scrip: 539533) has called its 1st EGM for FY 2025-26 on Monday, June 02, 2025 at 4:00 PM at the registered office in Delhi. Two special businesses will be taken up: (1) sub-division (stock split) of equity shares from face value of Rs. 10 each into 10 equity shares of Re. 1 each (1:10 split), and (2) consequent alteration of the Capital Clause (Clause V) of the Memorandum of Association. Paid-up share capital of Rs. 159.85 crore and authorized capital of Rs. 300 crore remain unchanged in rupee terms; only the number of shares will increase tenfold. The Board approved the split on May 7, 2025, citing improved liquidity and affordability for small investors.
If approved, each existing share will split into 10 shares of Re. 1 each — total share count rises from ~15.98 crore to ~159.85 crore while market cap stays the same. Share price will adjust downward roughly 10x; existing shareholders will automatically hold 10x more shares. Book closure is from May 27 to June 2, 2025 (no trading/transfer during this period), with record date May 26, 2025.