Gconnect Logitech and Supply Chain Limited Schedules Board Meeting on March 02, 2026 for Preferential Equity Issuance

Gconnect logitech & supply chain Limited has formally notified BSE Limited about an upcoming board meeting scheduled for March 02, 2026, to consider significant corporate actions related to capital raising through preferential equity issuance. Board Meeting Agenda The board meeting will address two primary items of business. The directors will consider and approve the issuance of equity shares or securities on a preferential basis to raise additional capital for the company. This proposal will be undertaken in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulation, 2018, subject to necessary regulatory and statutory approvals. Meeting Details: Information Date: March 02, 2026 Purpose: Preferential equity issuance consideration Regulatory Framework: Companies Act 2013, SEBI ICDR Regulations 2018 Approval Required: Shareholders and regulatory authorities The second agenda item involves approving ancillary actions for the proposed equity issuance, including the preparation and approval of notices to shareholders seeking their consent for the capital raising initiative. Trading Window Restrictions In compliance with regulatory requirements, the company has implemented a trading window closure for all designated persons and their immediate relatives. The restriction period commenced on February 25, 2026, and will continue until 48 hours after the announcement of the board meeting outcomes. Trading Window Details: Timeline Closure Start: February 25, 2026 Closure End: 48 hours post board meeting outcome Applicable To: Designated persons and immediate relatives Regulatory Basis: SEBI Insider Trading Regulations 2015 This measure ensures compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons. Corporate Compliance The notification was issued pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Jigar Vinodbhai Sheth, Managing Director, and submitted to BSE Limited's Corporate Relationship Department. The company operates from its registered office located at Shop No.6, Sadguru Complex Nari Chowkadi, Bhavnagar, Gujarat, and maintains active communication channels for stakeholder engagement through designated contact numbers and official email addresses. 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: Promoter Shares Sold Previous Stake New Stake Reduction Jigar Vinodbhai Sheth 10,500 27.69% 27.41% 0.28% Vinodbhai Sheth 25,500 14.23% 13.54% 0.69% Total 36,000 41.92% 40.95% 0.97% 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. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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