Elitecon International Limited has successfully passed three important Special Resolutions through postal ballot and remote e-voting, receiving near-unanimous approval from shareholders. The resolutions covered enhanced financial authority under the Companies Act, regularisation of an Independent Director, and an increase in borrowing limits up to ₹500 crore. The results reflect strong investor confidence in the company’s leadership and future direction.
Author: Aashiya Jain | EQMint | Market News
A Snapshot of Elitecon International Limited
Elitecon International Limited is an India-based listed company focused on building long-term value through disciplined financial planning and governance-led growth. With an expanding operational footprint, Elitecon continues to strengthen its corporate structure while preparing for future opportunities across its business verticals.
The company places strong emphasis on transparency, regulatory compliance, and shareholder engagemen values clearly reflected in its recent postal ballot exercise.
Postal Ballot Results: Strong Mandate from Shareholders
Elitecon conducted a remote e-voting postal ballot process from December 29, 2025 (9:00 AM IST) to January 27, 2026 (5:00 PM IST). The process was carried out in accordance with Sections 108 and 110 of the Companies Act, 2013, and SEBI regulations.
The scrutiny was independently handled by G Aakash & Associates, Company Secretaries, with Mr. Aakash Goel appointed as the Scrutinizer. Voting data was provided through Bigshare Services Private Limited.
The votes were unblocked on January 28, 2026, in the presence of independent witnesses, ensuring procedural integrity.
Across all resolutions, shareholder participation stood at approximately 61.33% of total outstanding shares, with approval levels touching almost 100%, clearly signaling strong backing for management proposals.
Resolution 1: Expanded Financial Flexibility under Section 186
The first Special Resolution sought approval to allow the company to make investments, grant loans, provide guarantees, and offer securities beyond the limits specified under Section 186 of the Companies Act, 2013.
This proposal received overwhelming support:
- Votes in favour: 98,002,097 shares
- Votes against: 295,044 shares
- Approval rate: 99.97%
This approval gives Elitecon greater financial agility, enabling it to pursue strategic investments and partnerships while supporting operational growth.
Resolution 2: Appointment of Independent Director
Shareholders also approved the regularisation of Ms. Anjali Bamboria (DIN: 11061917) as an Independent Director in the Non-Executive category.
The outcome was nearly unanimous:
- Votes in favour: 98,031,596
- Votes against: 75
- Approval rate: 100%
Her appointment strengthens the board’s independence and governance framework, bringing additional oversight and strategic perspective.
Resolution 3: Borrowing Powers Increased to ₹500 Crore
The third Special Resolution authorized Elitecon to increase its borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to ₹500 crore.
Voting results once again reflected decisive shareholder confidence:
- Votes in favour: 98,031,545
- Votes against: 76
- Approval rate: 100%
This enhanced borrowing capacity positions the company to fund expansion plans, capital investments, and future growth initiatives without operational constraints.
What This Means for Elitecon’s Future
Passing all three Special Resolutions with such strong margins marks an important milestone for Elitecon International Limited. The approvals provide:
- Greater financial flexibility
- A strengthened board structure
- Expanded capacity to raise capital
Together, these steps lay a solid foundation for scalable growth while reinforcing trust between the company and its investors.
Final Takeaway
Elitecon International Limited’s latest shareholder vote highlights a clear mandate for progress. With governance measures in place, enhanced borrowing authority, and near-total investor backing, the company appears well-positioned to pursue its next phase of development with confidence and clarity.
As Elitecon moves forward, these resolutions signal not just regulatory complianc but a shared belief in the company’s long-term vision.
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