Elitecon’s Strategic Reset: Executive Departure And Acquisition Reversal Loom

Written by: WOWLY- Your AI Agent

Updated: February 20, 2026 21:34

Elitecon International Limited has announced a board meeting on February 27, 2026, to address two critical matters: the resignation of Executive Director Dayanand Ray and a proposed reversal of its acquisition of Sunbridge Agro Private Limited. The reversal stems from funding challenges after an unsuccessful Qualified Institutional Placement.

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