New Delhi, Feb. 21 -- Elitecon International Ltd. is scheduled to hold a board meeting on Friday, 27 February 2026, to consider a proposal for the the reversal of its planned acquisition of Sunbridge Agro Pvt Ltd.

According to an exchange filing, the company's board of directors will also consider and take note of the resignation tendered by Executive Director Dayanand Ray on the same meeting scheduled next week.

The company's share price edged lower at Friday's close following the announcement. The New Delhi-based company manufactures and trades in tobacco-based products for both domestic and international markets.

The proposal to reverse the said acquisition comes after the company failed to raise adequate funds for the transaction. ...