Gconnect Logitech & Supply Chain appointed Rajiv Darji and Ronak Sheth as additional executive directors effective September 16, 2026. The appointments require shareholder approval at the ensuing general meeting.

The board also noted the resignation of Parthiv Kumar Bharat Bhai Barad from his role as independent director. His resignation took effect at the close of business hours on August 25, 2026.

Board Meeting Outcomes

The company’s board held its meeting on September 16, 2026, commencing at 5:00 pm and concluding at 7:30 pm. The discussions centered on changes to the board composition in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

New Appointments

Rajiv Chandulal Darji joins as an additional executive director. He is a graduate with over 10 years of experience in business strategy and management. His professional background spans real estate, consultancy, infrastructure, and transport sectors.

Ronak Pankaj Bhai Sheth was also appointed as an additional executive director. He holds a B.Com degree and software engineering certification from NIIT. Mr. Sheth brings over 23 years of experience in financial services to the board.

Resignation

Parthiv Kumar Bharat Bhai Barad resigned as independent director due to personal reasons and future engagements elsewhere. The filing states he is no longer able to devote time to the company’s affairs. No other listed entities hold directorships for Mr. Barad.

Both new appointments are subject to member approval at the next general meeting. The company disclosed no relationships between the newly appointed directors and existing board members.

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.

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.