Archive · 27 Dec 2025
Elitecon International Raises Borrowing Limit for Investments
Elitecon International, a company that makes tobacco products, has increased its borrowing limit to ₹500 crore.
This will help them invest more money and give loans to other companies.
They also got a big order worth $97.35 million to supply their products to other countries.
The company's stock has gone up a lot since it started trading, giving investors a huge return of 7,700%.
However, the stock price has gone down a bit recently.
The company will ask its shareholders to approve these changes at a meeting.
Elitecon International increased its borrowing limit to ₹500 crore for investments and loans.
The company received a $97.35 million long-term supply contract for tobacco products.
Elitecon's share price has surged 7,700% since its listing in August 2024.
The stock has risen 909.64% in 2025 but has dropped 8.37% in the last five sessions.
The company's market capitalization stands at ₹16,736.30 crore.
- Who
- Elitecon International
- What
- Raised borrowing limit to ₹500 crore for investments and loans
- When
- Effective from 29 December 2025, with e-voting until 27 January 2026
- Where
- India
- Why
- To make more investments and extend loans, guarantees, and security
- Company
- Elitecon International
- Borrowing Limit
- ₹500 crore
- Share Price
- ₹104.70 (as of 26 December 2025)
- Market Capitalization
- ₹16,736.30 crore
- 52-Week High
- ₹422.65
- 52-Week Low
- ₹9.58
- Long-Term Supply Contract
- $97.35 million
- Returns Since Listing
- 7,700%