Elitecon International has increased its borrowing capacity to ₹500 crore, giving it more room to invest and lend.
Why the company raised its borrowing limit
The firm filed with the stock exchange to boost its power under Sections 180(1)(C) and 186 of the Companies Act. The extra funds will be used for:
- New investments in its core businesses
- Providing larger loans and guarantees
- Supporting growth projects that need extra capital
What this could mean for investors
More borrowing power can help Elitecon expand faster, but it also adds debt to the balance sheet. Investors should watch:
- How the new capital is deployed – whether it fuels profitable projects
- Any change in the company’s debt‑to‑equity ratio
- Future earnings growth and dividend potential
Recent stock performance
Since listing in August 2024, Elitecon’s shares have surged over 7,700%. In 2025 alone, the stock is up about 910% year‑to‑date, though it slipped 8% over the last five sessions.
The share price closed at ₹104.70 on Friday, down 3.23% from the previous close. The 52‑week high is ₹422.65 (25 Aug 2025) and the low is ₹9.58 (26 Dec 2024). The market value stands around ₹16,736 crore.
Other recent news
On 15 Dec 2025, Elitecon signed a $97.35 million long‑term contract to supply cigarettes and other tobacco‑related products abroad, giving it steady export revenue.
Disclaimer
Remember, this is just an overview, not investment advice. Do your own research or talk to a qualified advisor before making any decisions.