Gconnect logitech & supply chain Limited has concluded its board meeting held on March 02, 2026, with directors evaluating multiple fund-raising mechanisms as part of the company's capital expansion strategy.

Board Meeting Outcome

The board meeting, which was initially scheduled to consider preferential equity issuance, concluded with directors deliberating on various fund-raising options. The company has indicated that an appropriate decision regarding the capital raising mechanism will be made in due course, subject to applicable laws and regulatory approvals.

The meeting was conducted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the company committing to make appropriate disclosures as and when required.

Regulatory Framework and Compliance

The company has assured stakeholders that any fund-raising decision will be made in accordance with applicable laws and subject to necessary regulatory and statutory approvals. Future disclosures will be made in compliance with the Listing Regulations, applicable SEBI Master Circulars, and other relevant laws and regulations.

Corporate Information

The outcome notification was signed by Jigar Vinodbhai Sheth, Managing Director, and submitted to BSE Limited's Corporate Relationship Department. The company continues to operate under its established corporate structure with active stakeholder communication channels.

The company has committed to keeping the stock exchange informed and making appropriate disclosures as developments progress regarding the fund-raising initiatives.

Gconnect Logitech & Supply Chain Limited, a company listed on the BSE, has reported a reduction in promoter shareholding following a series of open market transactions. The company's promoters, Jigar Vinodbhai Sheth and Vinodbhai Sheth, sold a total of 36,000 shares over two days, resulting in a decrease in their combined stake from 41.92% to 40.95%.

Transaction Details

The share sale took place between July 21-22, 2025, as disclosed in a regulatory filing under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The breakdown of the transactions is as follows:

Impact on Shareholding

Following the sale, the promoters' shareholding structure has changed:

• Jigar Vinodbhai Sheth now holds 1,019,547 shares, representing a 27.41% stake in the company.
• Vinodbhai Sheth's holding has reduced to 503,750 shares, equivalent to a 13.54% stake.

Company Overview

Gconnect Logitech & Supply Chain Limited's total equity share capital remains unchanged at 37,195,470 shares. The company is headquartered in Bhavnagar, Gujarat, and is listed on the BSE Limited.

Regulatory Compliance

The promoters have duly informed the stock exchange about this change in shareholding, adhering to the disclosure requirements under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transparency ensures that all stakeholders are informed about significant changes in the company's ownership structure.

While the reasons for the share sale have not been disclosed, such transactions by promoters often attract investor attention as they may be perceived as signals about the company's future prospects or the promoters' confidence in the business. However, it's important to note that share sales can occur for various personal or strategic reasons and do not necessarily reflect on the company's performance or outlook.