Gconnect Logitech & Supply Chain Limited approved a proposal to change its name to "Sheth Eba Global Venture Limited" or "Sheth Eba Global Limited" during its Board meeting held on October 3, 2026. The decision also includes increasing authorised share capital to ₹10 crore and shifting the registered office to Maharashtra.

The meeting, convened pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 3:15 pm and concluded at 4:15 pm. The proposed name change is subject to availability and approval by the Ministry of Corporate Affairs, as well as requisite approvals from members and regulatory authorities under the Companies Act, 2013.

Key agenda items approved

The Board considered and approved several structural changes aimed at corporate restructuring and compliance updates:

• Name Change: Approval of the proposal to change the company name from "Gconnect Logitech and Supply Chain Limited" to either "Sheth Eba Global Venture Limited" or "Sheth Eba Global Limited", with consequent alteration of the Memorandum of Association (MOA) and Articles of Association (AOA).
• Capital Increase: Proposal to increase the authorised share capital from the existing ₹4 crore to ₹10 crore (Rupees Ten Crore only), with consequential alteration of the Capital Clause of the MOA.
• Registered Office Shift: Approval for shifting the registered office from the State of Gujarat to the State of Maharashtra, subject to approval of members and statutory authorities.
• Object Clause Alteration: Approval for altering the main object clause of the MOA to include manufacturing, fabrication, and trading of ferrous and non-ferrous metals, steel products, and engineering works.
• Annual Compliance: Approval of the Directors' Report for FY26 and the Notice convening the forthcoming Annual General Meeting (AGM).

Expansion into metal fabrication

As part of the MOA alterations disclosed in Annexure-A, the company plans to expand its business activities. The new object clauses will allow the company to carry on the business of manufacturing, fabricating, processing, and trading in all kinds of ferrous and non-ferrous metals, including steel, iron, and metal products. This includes structural steel, mild steel, stainless steel, alloy steel, and various fabricated structures and engineering components.

The company will also undertake job work, contract manufacturing, and project execution services related to steel and iron structures, frames, sheds, platforms, and industrial structures. This move signals a strategic shift from logistics and supply chain operations towards heavy engineering and metal fabrication.

Procedural details

The intimation was signed by Rajiv Chandulal Darji, Additional Director, on October 3, 2026. The company stated that these actions are being taken in compliance with applicable provisions of the Companies Act, 2013 and SEBI listing regulations. The previous Managing Director, Jigar Vinodbhai Sheth, had signed the initial intimation letter dated September 29, 2026.

Gconnect Logitech & Supply Chain has approved a rights issue of up to ₹41 crore to raise funds from eligible equity shareholders. The board also appointed Mr. Ketur Shah as an independent director during its meeting on September 19, 2026.

The company notified BSE Limited regarding the outcome of the meeting held on Saturday. The proposal involves issuing equity shares with a face value of ₹10 each, subject to regulatory approvals and shareholder consent at the ensuing general meeting.

Rights Issue Details

The board considered and approved the issuance of equity shares on a rights basis. The aggregate amount for the issue is capped at ₹41,00,00,000 (Rupees Forty One Crores Only), inclusive of any premium.

The issuance must comply with the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The process is contingent upon obtaining requisite approvals from relevant regulatory authorities.

Board Appointment

The board appointed Mr. Ketur Shah as an Independent Director with effect from September 19, 2026. His tenure is for five years, subject to approval by members at the ensuing general meeting.

Mr. Shah is a finance professional holding CA and CFA qualifications. He has over 15 years of experience in the financial services industry and currently serves as Head - Investment Banking at Abans Financial Services. He brings expertise in investment banking, capital markets, and corporate finance.

Regulatory Compliance

The company issued the intimation pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Jigar Vinodbhai Sheth, Managing Director, signed the communication.