Multibagger small-cap stock: Elitecon International share price edged higher on Thursday, 8 January 2026, despite an overall Indian stock market crash, as the company disclosed its capital expenditure (capex) expansion plans for long-term growth.
“We wish to inform that Elitecon International Limited has taken a significant strategic step towards strengthening its long-term growth trajectory, operational scale and shareholder value creation,” the company informed BSE through its filing.
Elitecon International capex plan
Elitecon International’s board disclosed that the company is evaluating a merger of Sunbridge Agro Private Limited, Landsmill Agro Private Limited, and Golden Cryo Private Limited with Elitecon, subject to regulatory approvals, as per the filing.
As part of the deal, Elitecon aims to consolidate the diverse business verticals while increasing the scale, operational efficiencies and optimised resource utilisation.
The proposed merger also seeks to strengthen the company’s balance sheet and long-term earnings potential, along with improving its competitiveness in the market.
“The company believes that the proposed transaction, once implemented, will place Elitecon International Limited on a stronger strategic platform, aligned with its long-term vision of expansion, diversification and responsible growth,” the board informed the stock exchange.
(This is a developing story. Please check back for updates.)
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