Investors in Elitecon International Ltd are set for a pivotal week as the company seeks shareholder approval to significantly enhance its financial firepower. The stock is expected to be in sharp focus when markets open on Monday, 29 December 2025, following a key regulatory filing about increasing its capital borrowing limits.
Major Capital Expansion on the Cards
In a filing to the BSE, the company announced its proposal to increase borrowing powers under Section 180(1)(C) of the Companies Act, 2013, up to ₹500 Crores. This move is subject to approval from its shareholders. The raised capital is intended to fuel more investments and allow the company to extend loans, provide guarantees, and offer security beyond the standard limits specified under Section 186 of the same Act.
The company has laid out the process for obtaining this crucial approval. It has appointed Aakash Goel, Proprietor of G Aakash & Associates, Company Secretaries, as the scrutinizer for the upcoming Extraordinary General Meeting (EGM). Shareholders can cast their votes remotely via e-voting during a window that opens on 29 December 2025 and closes on 27 January 2026.
Robust Order Book and Stellar Returns
This capital-raising plan follows closely on the heels of a significant business win for the tobacco products manufacturer. On 15 December 2025, Elitecon secured a substantial long-term supply contract worth $97.35 million. The order involves supplying cigarettes, premix sheesha, hookah tobacco, smoking mixtures, and other allied tobacco products.
The company stated that this contract ensures steady export visibility and underscores sustained international demand for its product portfolio. This news adds a fundamental layer to the company's growth narrative, which has already been spectacular in the stock market.
Elitecon's shares have been a phenomenal wealth creator. Since its listing on the Indian bourses in August 2024, the stock has delivered mind-boggling returns exceeding 7,700% to its investors. In the last one-year period alone, the returns stand at over 971%. The year 2025 has seen the stock surge by 909.64% on a year-to-date (YTD) basis, with a 16.08% gain in the past month.
Recent Performance and Market Standing
Despite the long-term bullish trend, the stock experienced some recent pressure. On Friday, 26 December 2025, Elitecon International's share price closed at ₹104.70, down 3.23% from its previous close of ₹108.20. Over the last five trading sessions, the stock has corrected by 8.37%.
The stock's 52-week journey reflects its volatile yet high-growth trajectory. It touched a peak of ₹422.65 on 25 August 2025, while its lowest point in the same period was ₹9.58 on 26 December 2024. As of the latest market close, the company commands a substantial market capitalisation of ₹16,736.30 crore.
The coming weeks will be critical as shareholders decide on empowering the company with greater financial flexibility. The outcome of the vote on the ₹500 crore borrowing limit is likely to set the tone for Elitecon International's next phase of expansion and investment, keeping it firmly in the spotlight of market participants.
