Elitecon International Limited has disclosed the cessation of Mr. Kumar Anubhav Upadhyay (DIN: 09519842) as an Additional Director of the company, effective July 29, 2026.
The cessation occurred automatically due to the company's failure to obtain shareholder approval for his appointment within the statutory timeline prescribed under Regulation 17(1C) of the SEBI Listing Regulations. Mr. Upadhyay was originally appointed as an Additional Director effective April 29, 2026.
The regulatory requirement mandates that shareholder approval must be obtained either at the next general meeting or within three months from the date of appointment, whichever is earlier. The company did not meet this requirement, resulting in the automatic cessation of his directorship by operation of law.
The disclosure was made pursuant to Regulation 30 read with Para 7 of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated January 30, 2026.
Additional Director Information
Mr. Kumar Anubhav Upadhyay holds a directorship position at Centuple Global Limited, where he serves as Whole-time Director.
Compliance Requirements
The company has been requested to complete consequential statutory and regulatory compliances, including filing of e-Form DIR-12 with the Registrar of Companies.
Financial Impact
No financial impact quantified in the disclosure. The event represents a governance and compliance matter without immediate financial implications.