Notice of Postal Ballot of Elitecon International Limited dated December 27, 2025
ELITECON · price
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Elitecon International Limited (BSE: 539533) has issued a Postal Ballot Notice for EGM No. 03/2025-26, with e-voting open from December 29, 2025 to January 27, 2026. Three special resolutions are proposed: (1) raising the Section 186 limit for investments, loans, guarantees, and securities to Rs. 750 Crores; (2) regularising the appointment of Ms. Anjali Bamboria (DIN: 11061917) as Non-Executive Independent Director for a 5-year term from October 28, 2025 to October 27, 2030; and (3) increasing the Board's borrowing powers under Section 180(1)(c) up to Rs. 500 Crores. The cut-off date for shareholder eligibility is December 22, 2025. The Board's borrowing limit was approved at its meeting held on December 26, 2025.
If approved, the company gains significantly expanded financial flexibility to invest up to Rs. 750 Crores and borrow up to Rs. 500 Crores over and above existing paid-up capital and free reserves, which may signal upcoming expansion, acquisitions, or debt-funded growth. Shareholders should review whether management has a clear deployment plan, as these are routine governance items that typically pass but warrant attention given the scale relative to a small-cap listed entity.