Key Developments

Board Appointments

The Board of Directors of Elitecon International Limited has appointed two Executive Additional Directors:

  • Shri Vipin Sharma - Appointed as Executive Additional Director, effective July 22, 2026
  • Shri Pradeep Kumar - Appointed as Executive Additional Director, effective July 22, 2026

Both appointments are subject to shareholder approval and were approved at the Board meeting held on July 22, 2026. The appointments were intimated to the stock exchanges on the same day.

Background of Appointees

Shri Vipin Sharma:

  • Promoter of the Company and second-generation entrepreneur
  • Previously served as Managing Director of EIL until April 2026
  • Has over three decades of experience across regulated industries
  • Began professional journey in pharmaceutical sector in 1987
  • Assumed charge of family enterprise Stella Inc. in 1993
  • Established Mridul Perfumery in 2005 and Mridul Tobie Inc. in 2019
  • Transformed EIL from a modest listed entity into a diversified, multi-category enterprise
  • Built manufacturing base in Nashik and extended brand portfolio across sectors
  • Had stepped back from executive office in April 2026 with intention to retire

Shri Pradeep Kumar:

  • Currently serves as Director of Golden Cryo Private Limited (subsidiary of EIL)
  • Brings more than 23 years of leadership in large-scale construction and infrastructure
  • Has five years of experience in tobacco-industry operations

Operational Context

The appointments coincide with the resumption of banking operations and are part of the Company's ongoing operational revival strategy. The Company states it is entering the second half of the financial year with its revival agenda firmly in motion.

Management Commentary

Shri Vipin Sharma stated: "I had intended to step away from active corporate life; those plans can wait, because this Company comes first. EIL has been built over the years with immense effort and, above all, with the trust of its shareholders, employees and partners - and I have returned for one purpose: to lead its revival with vigour, purpose and discipline. We will further strengthen the Board and the management with experienced key managerial personnel and independent directors in the period ahead."

Future Plans

The Board intends to further strengthen the Company's leadership through the induction of experienced key managerial personnel and independent directors, with announcements to follow in accordance with applicable regulations.

Financial Impact

Financial impact not quantified in the disclosure.