Elitecon International Bags $97M Tobacco Export Order – Massive Growth Catalyst!

The long-term agreement, disclosed under SEBI Reg 30, spans 8 quarters with escalating quarterly values from $3.35M (Q1 2026) to $24.45M (Q4 2027). Payments within 90 days post-delivery; FOB India ports via sea. No promoter/group interests involved.​

Key Highlights

Products: Kingsman/7Leaf cigarettes, Quad One/Elante brands, sheesha premix (42.5 USD/kg), hookah tobacco (36.5 USD/kg), qiwam, scented jarda, smoking mixtures.​

Value Breakdown: Total 97.35M USD; 40FT/20FT HC containers; specs include tar/nicotine details (e.g., Kingsman Classic: 4mg tar, 0.4mg nicotine).​

Terms: 1-year lock-in, force majeure clauses, arbitration in Dubai; price adjustments >3% fluctuations. Normal course of business.​

Strategic Impact

This order aligns with Elitecon's export expansion from Nashik facility, enhancing revenue stability amid tobacco demand. Investors eye listing boost.​

Source: Elitecon International Limited BSE Disclosure