Elitecon International Ltd has appointed Shri Vipin Sharma and Shri Pradeep Kumar as Executive Additional Directors, effective July 22, 2026, subject to shareholder approval, as the company accelerates its revival following the resumption of banking operations.

The appointments, approved by the board on July 22, mark a key step in the company's turnaround strategy. Vipin Sharma, a promoter and former Managing Director of Elitecon International, returns to an executive role after stepping down in April 2026, with the company stating that he will lead its operational revival. During his earlier tenure, Sharma oversaw the company's expansion into a diversified business with a strengthened manufacturing base and an international presence.

Pradeep Kumar, currently a director at Elitecon subsidiary Golden Cryo Private Ltd, brings over 23 years of experience in construction and infrastructure, along with five years in tobacco industry operations.

The company said it also plans to strengthen its leadership further by inducting experienced key managerial personnel and independent directors, with further announcements to be made in line with regulatory requirements.