Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('LODR Regulations') kindly note that the Company has incorporated ELITECON INTERNATIONAL ....
ELITECON · price
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Elitecon International Ltd has incorporated a wholly owned subsidiary named 'Elitecon International PTE. Ltd.' in Singapore on April 22, 2025. The new subsidiary will engage in wholesale trading of various goods and is yet to commence business operations. The company invested SGD 200,000 (approximately ₹1.25 crore) in cash to acquire 2,00,000 shares at SGD 1 each, representing 100% shareholding. This is not a related party transaction and no government approvals were required. Elitecon is a BSE-listed company (Scrip Code: 539533) headquartered in Delhi with operations in Nashik.
This is a small, early-stage international expansion move for the company. With no current revenue from the new subsidiary and a modest investment size, the immediate impact on shareholders is limited but signals management's intent to explore overseas trading opportunities.