New Delhi [India], April 15: Elitecon International Limited (BSE: 539533), one of India's fastest-growing tobacco and FMCG exporters, today announced that it has been awarded a major long-term supply contract valued at approximately INR

2.02 Billion (USD 22.28 Million) from Bozza Tobacco (PTY) Ltd, a South Africa–based tobacco merchant. The contract, effective from 6 April 2026, spans a two-year period with a one-year lock-in, and was signed on 14 April 2026.

This landmark agreement represents Elitecon's strategic entry into the African continent — one of the world's fastest-growing tobacco and FMCG markets — and significantly expands the Company's international footprint beyond its established presence in the Middle East, Southeast Asia, and Europe.

CONTRACT HIGHLIGHTS

BUILDING ON UNPRECEDENTED GROWTH MOMENTUM

This contract follows the Company's blockbuster USD 97.35 Million export order secured in December 2025 for the Middle Eastern market through Yuvi International Trade FZE — demonstrating that Elitecon's global expansion strategy is delivering results at an accelerating pace.

With a combined export order book now exceeding USD 119 Million across two continents, Elitecon has firmly established itself as a tier-one Indian tobacco exporter with genuine multi-geography scale.

MANAGEMENT COMMENTARY

Mr. Vipin Sharma, Managing Director:

“This contract is a milestone and a stepping stone to enter into the African Continent. Africa represents an enormous untapped opportunity for quality Indian tobacco products, and this agreement with Bozza Tobacco gives us a strong anchor client and steady revenue visibility in the region. Combined with our growing Middle Eastern and Asian operations, we are building a truly global platform from our world-class manufacturing facility in Nashik.”

“The two-year locked-in nature of this contract provides significant earnings visibility and supports efficient capacity utilisation. We expect this to contribute positively to business stability and long-term shareholder value creation.”

AFRICA — THE NEXT GROWTH FRONTIER

• Population demographics: Africa's 1.4 billion population is the youngest in the world, with a median age of ~19 years
• Rising consumer spending: Sub-Saharan Africa's middle class is expanding rapidly
• South Africa as a gateway: The country serves as the commercial hub for the broader SADC region, providing a natural beachhead for continent-wide expansion
• Import-friendly market: South Africa imports a substantial share of its tobacco requirements, creating a clear opening for competitively priced, quality Indian products

ELITECON'S COMPETITIVE MOAT

• Manufacturing scale: 40,000 sq ft state-of-the-art facility in Nashik, Maharashtra — millions of cigarette sticks per month
• Product breadth: 20+ products across cigarettes, smoking mixtures, sheesha, hookah tobacco, and chewing tobacco
• Global reach: Exports to 50+ countries across the UAE, UK, Singapore, Hong Kong, Europe, and now Africa
• Cost advantage: India is the world's second-largest tobacco producer, offering significant raw material and labour cost advantages
• Compliance & quality: Fully compliant with international export standards and regulatory frameworks

FINANCIAL IMPACT

The INR 2.02 Billion contract is expected to contribute meaningfully to the Company's topline over the 24-month execution period, further strengthening its revenue diversification across geographies. The steady nature of the export order enhances earnings predictability and supports better working capital planning.

The contract has been awarded in the normal course of business. No promoter or related party has any interest in the awarding entity.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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