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.

Gconnect Logitech & Supply Chain Limited attributed a delayed regulatory filing regarding an Independent Director’s resignation to a technical issue. The company clarified that the disclosure was uploaded within the mandated 24-hour window but failed to generate an acknowledgement from the BSE Listing Centre.

The resignation of the Independent Director became effective on September 16, 2026. Management identified the submission failure and placed the matter before the Board of Directors at its meeting held on the same date. The requisite disclosure was subsequently re-uploaded to the BSE Listing Centre on September 16, 2026.

Regulatory Compliance

The clarification addresses an observation by BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gconnect Logitech submitted a fresh corporate announcement referencing the earlier filing to ensure compliance.

The company confirmed there are no other material reasons for the resignation beyond those stated in the director’s letter, in accordance with Regulation 30 read with Schedule III of the SEBI LODR Regulations, 2015.

Jigar Vinodbhai Sheth, Managing Director, signed the communication dated September 18, 2026.