We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. April 30, 2025, inter alia, has decided to defer the consideration and approval of below ....
ELITECON · price
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The Board of Directors of Elitecon International Ltd met on April 30, 2025 and decided to defer the consideration and approval of a proposed sub-division (stock split) of equity shares from the current face value of Rs. 10 per share. The deferral is due to unavoidable circumstances and no new timeline has been provided. The board meeting lasted only 30 minutes (6:30 PM to 7:00 PM). No other business was transacted beyond this deferral decision.
Shareholders expecting the stock split will need to wait indefinitely as no revised date has been announced; this creates near-term uncertainty and may dampen any speculative interest tied to the split, though the deferral itself does not cancel the proposal.