Gconnect FY26 profit falls 22% to ₹21.78 lakh

Gconnect Logitech & Supply Chain reported a net profit of ₹21.78 lakh for the financial year ended March 31, 2026, a decrease from ₹27.90 lakh in the previous year. Revenue from operations fell to ₹404.45 lakh from ₹467.12 lakh in FY25. The Board of Directors approved the audited standalone financial results for the year and half-year ended March 31, 2026, at a meeting held on May 29, 2026.

Financial Performance

The company's total income for FY26 stood at ₹409.76 lakh, down from ₹470.36 lakh in the prior year. Total expenses decreased to ₹378.07 lakh from ₹432.34 lakh. For the half-year ended March 31, 2026, the company recorded a total comprehensive income of ₹5.72 lakh on a total income of ₹152.90 lakh.

Period	Total Income (₹ in Lacs)	Total Expenses (₹ in Lacs)	Net Profit (₹ in Lacs)
FY26	409.76	378.07	21.78
FY25	470.36	432.34	27.90
Half-year FY26	152.90	143.26	5.72

Audit and Compliance

M/s. NGST & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial results. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The financial results were prepared in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company noted that it is exempt from the compulsory adoption of Ind AS as its shares are listed on the BSE SME platform. Consequently, the financial statements have not been prepared using Ind AS.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.00%	+5.00%	-15.48%	-29.24%	-34.69%	-69.05%

Gconnect logitech & supply chain Limited's board of directors has approved a preferential issue of equity shares worth ₹11.87 crore at their meeting held on March 23, 2026. The company had previously scheduled this board meeting on March 17, 2026, to consider raising additional capital through preferential equity issuance.

Board Meeting Outcomes

The board meeting, which commenced at 7:30 p.m. and concluded at 8:45 p.m., approved several key resolutions under Regulation 30 of SEBI Listing Regulations:

Resolution:	Details
Authorized Capital Increase:	From ₹4 crore to ₹11 crore
Preferential Issue Size:	64,83,000 equity shares
Issue Price:	₹18.31 per share (including premium of ₹8.31)
Total Amount:	₹11,87,03,730
Face Value:	₹10 per equity share

Investor Allocation Details

The preferential issue will be made to 17 investors across promoter and non-promoter categories. The largest allocation goes to Managing Director Jigar Vinodbhai Sheth, who will receive 15,00,000 shares worth ₹2,74,65,000. Other significant allocations include promoter Vinod Venilal Sheth receiving 5,00,000 shares worth ₹91,55,000.

Investor Category:	Number of Investors	Share Allocation	Amount (₹)
Promoters:	2	20,00,000 shares	3,66,20,000
Promoter Group:	2	2,50,000 shares	45,77,500
Non-Promoters:	13	42,33,000 shares	7,75,06,230

Shareholding Pattern Impact

Post-allotment, the total shareholding will increase significantly. The pre-issue shareholding data as of March 20, 2026, shows substantial changes in ownership structure:

Investor:	Pre-Issue Shares	Pre-Issue %	Post-Issue Shares	Post-Issue %
Jigar Vinodbhai Sheth:	9,94,047	26.72%	24,94,047	24.45%
Vinod Venilal Sheth:	5,03,750	13.54%	10,03,750	9.84%
Total Existing Holders:	14,97,797	40.27%	79,80,797	78.22%

Regulatory Compliance and Next Steps

The preferential issue is subject to approval under the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2018. The board has approved convening an Extra Ordinary General Meeting (EGM) on April 22, 2026, to seek shareholder approval for the proposed capital raise and authorized capital increase.

The company has maintained trading window restrictions from March 17, 2026, continuing until 48 hours after the board meeting outcome announcement, in compliance with SEBI insider trading regulations. The notice for the EGM will be submitted to stock exchanges in due course.