Gconnect Logitech Promoters Reduce Stake to 41.92% Through Open Market Sale

1 min read Updated on 21 Jul 2025, 05:58 PM

Reviewed by

Riya DeyScanX News Team

Overview

Gconnect Logitech & Supply Chain's promoters have reduced their shareholding through open market transactions. On July 18, 2025, promoters Jigar Vinodbhai Sheth and Vinodbhai Sheth sold a total of 30,000 shares, decreasing their combined stake from 42.73% to 41.92%. The company's total equity share capital remains at 37,195,470 shares. The required disclosure was filed with BSE Limited on July 19, 2025, in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Gconnect Logitech & Supply Chain , a company listed on the BSE, has reported a significant change in its promoter shareholding. According to a recent disclosure under SEBI regulations, the company's promoters have reduced their stake through open market transactions.

Key Details of the Transaction

Total Shares Sold: 30,000
Date of Transaction: July 18, 2025
Mode of Sale: Open market

Impact on Promoter Shareholding

Promoter	Shares Sold	Previous Stake	New Stake	Reduction
Jigar Vinodbhai Sheth	15,000	28.10%	27.69%	0.41%
Vinodbhai Sheth	15,000	14.63%	14.23%	0.40%
Total	30,000	42.73%	41.92%	0.81%

The sale has resulted in a decrease in the promoters' combined shareholding, from 42.73% to 41.92%, representing a total reduction of 0.81%.

Company Share Capital

Gconnect Logitech & Supply Chain's total equity share capital remains unchanged at 37,195,470 shares following this transaction.

Regulatory Compliance

The company has duly filed the required disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing was made to the BSE Limited on July 19, 2025, demonstrating the company's commitment to transparency and regulatory compliance.

The market will likely be watching closely to see if this change in promoter shareholding has any impact on the company's stock price or future strategic decisions. However, given the relatively small percentage of shares sold, the immediate impact on the company's operations is expected to be minimal.

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