Vipin Sharma and Pradeep Kumar Appointed Executive Directors as Elitecon International Focuses on Revival
Elitecon International Limited (EIL) has bolstered its board with the appointment of Shri Vipin Sharma and Shri Pradeep Kumar as Executive Additional Directors, effective July 22, 2026. The appointments were made following a Board meeting held on July 22, 2026, as the company moves forward with its revival agenda amid the resumption of banking operations.The appointment of Vipin Sharma marks his return to EIL's leadership, coinciding with the commencement of banking operations. A promoter and second-generation entrepreneur, Shri Sharma has dedicated over three decades to highly regulated industries in India. His professional journey began in the pharmaceutical sector in 1987. He took charge of his family enterprise, Stella Inc., in 1993, later establishing Mridul Perfumery in 2005 and Mridul Tobie Inc. in 2019.
Prior to taking up the directorial role, Shri Sharma served as Managing Director of EIL until April 2026. During his tenure, he transformed the company from a modest listed entity into a diversified, multi-category enterprise, expanding its manufacturing base in Nashik and carrying the EIL name into international markets.
Shri Pradeep Kumar joins the board and brings extensive experience to the Company's revival efforts. He is affiliated with the EIL family through his role as a Director of Golden Cryo Private Limited, a subsidiary of Elitecon International. Shri Kumar possesses over 23 years of leadership experience in large-scale construction and infrastructure, complemented by five years spent in tobacco industry operations.
Shri Sharma stated that while he had intended to retire from active corporate life, his commitment to the company superseded those plans. He expressed sincere gratitude to stakeholders, assuring them that he is returning "to lead its revival with vigour, purpose and discipline," committed to repaying their confidence through his work.
The Board of Directors intends to further strengthen the Company's leadership by inducting experienced key managerial personnel and independent directors in the upcoming period. Elitecon International Limited stated it will continue keeping the stock exchanges informed of all material developments.
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