Elitecon International: Update On Legal Proceedings In The Matter Of Advik Capital Limited

This is to inform that in connection with the matter titled M/s. Advik Capital Limited vs. M/s. Elitecon International Limited & Ors. pending before the Honble High Court of Delhi in OMP (I) (COMM) 505/2025 the Company wishes to update the latest developments in the said proceedings.The aforesaid petition was filed by the petitioners (Advik Capital Limited) inter alia based on certain alleged loan documents and related records. The Company has consistently maintained that the alleged Loan Agreement Personal Guarantee and certain other documents relied upon in the petition are forged and have never been executed or signed by the Managing Director or authorised representatives of the Company.