This has reference to the Notice of EGM dated August 06, 2025 and 1st Corrigendum to the Notice issued by Elitecon International Limited ('the Company') for the purpose of seeking Member's ....
ELITECON · price
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Elitecon International has issued a 2nd corrigendum to the notice of its Extraordinary General Meeting (EGM) originally dispatched on August 6, 2025. The EGM is scheduled for August 29, 2025 at 4:00 PM in Nashik, Maharashtra. This corrigendum amends the stated objective of the proposed Qualified Institutions Placement (QIP) to specify that the funds raised will be deployed for expansion and growth in the fast-moving consumer goods (FMCG) sector through investments in FMCG companies. The company describes this as a strategic move to strengthen its footprint in the consumer goods space, expand market presence, and create long-term value. The corrigendum was published in Financial Express (all editions) and Jansatta (Delhi edition) on August 23, 2025, and all other terms of the original EGM notice remain unchanged.
This signals the company's intent to raise fresh capital from institutional investors and pivot into the FMCG sector via acquisitions or strategic investments. For shareholders, a successful QIP will dilute existing holdings but could open a new growth avenue if the FMCG push delivers returns.