New Delhi, Aug. 30 -- Multibagger stock Elitecon International will be in focus on Monday, September 1, following the proposal of certain special resolutions that were put to a vote at the company's extraordinary general meeting (EGM) held on Friday.

According to a filing by Elitecon International, one of the key proposals moved by the multibagger company was regarding fundraising.

A special resolution was floated and moved regarding the consideration and approval for capital raising via qualified institutional placement. The company proposed raising Rs.300 crore via the issuance of equity shares via a QIP.

Furthermore, another special resolution pertained to making investments, giving loans, guarantees and security in excess of limits...