Elitecon International Board to Consider Fundraising Proposal on October 12
New Delhi [India], October 7: Elitecon International Limited has informed the stock exchanges that its Board of Directors will meet on Octob...
New Delhi [India], October 7: Elitecon International Limited has informed the stock exchanges that its Board of Directors will meet on October 12, 2026, to consider a proposal for raising funds through various permissible instruments and routes.
In an exchange filing dated October 7, the company said the fundraising proposal could involve the issuance of equity shares or other eligible securities, including preference shares, convertible or non-convertible debentures, warrants and other equity-linked instruments. The capital may be raised in one or more tranches.
The company said the Board may evaluate fundraising routes such as a qualified institutions placement (QIP), preferential issue, private placement, rights issue, further public offer or debt issue. The aggregate amount to be raised has not been disclosed in the filing and will be determined by the Board.
