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:

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.

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:

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.

Gconnect logitech & supply chain Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Ankita Jayesh Malde, effective March 21, 2026. The resignation was communicated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Resignation Details

Ms. Ankita Jayesh Malde (ACS: A69753) tendered her resignation citing specific financial grievances with the company. The resignation was attributed to two primary factors that made her position untenable.

Reasons for Resignation

The resignation letter explicitly outlined the financial issues that led to Ms. Malde's decision to step down from her role. The company secretary cited two main concerns in her resignation communication:

• Non-receipt of remuneration for the past three months
• No revision in remuneration despite repeated requests

Ms. Malde stated in her resignation letter that these circumstances "made it untenable for me to continue in the role." She also requested the company to settle any pending dues in accordance with the applicable provisions of the Companies Act, 2013, and other relevant laws.

Company Response

Gconnect Logitech and Supply Chain Limited has accepted the resignation and confirmed that Ms. Malde was relieved from her duties from the closing of working hours on March 21, 2026. The announcement was signed by Jigar Vinodbhai Sheth, Managing Director (DIN: 09679044), and communicated to BSE Limited as required under regulatory obligations.

Regulatory Compliance

The company fulfilled its disclosure obligations by informing BSE Limited about the resignation under Regulation 30 of SEBI regulations. The resignation letter was enclosed with the regulatory filing to provide complete transparency regarding the circumstances of the departure.

This development raises questions about the company's financial management and employee compensation practices, particularly given the specific mention of unpaid remuneration for an extended period.