GLGconnect Logitech and Supply Chain544156AGM

AGM approves name change to Sheth Eba Global Venture, authorised capital increase and secretarial auditor

Shareholders at the 04th AGM held on 30th October, 2026 approved four resolutions.

By ScoutQuest · Mon 2 Nov 2026, 9:10 PM IST · 2 min read

Authorised Share Capital

INR. 4,00,00,000 to INR. 10,00,00,000

Authorised Share Count

from 40,00,000 to 1,00,00,000 equity shares of INR. 10 each

Secretarial Auditor

M/s. HD and Associates LLP appointed for 5 financial years from 2026-27

What shareholders approved

The company informed BSE that shareholders at the 04th Annual General Meeting held on 30th October, 2026 approved four resolutions.

• Appointment of M/s. HD and Associates LLP, Practicing Company Secretaries, as Secretarial Auditor for 5 financial years commencing from FY 2026-27.
• Increase in the authorised share capital of the company and the consequential alteration to Clause V of the Memorandum of Association.
• Change of name from Gconnect Logitech and Supply Chain Limited to Sheth Eba Global Venture Limited, with consequential amendments to the Memorandum of Association and Articles of Association.
• Shifting of the registered office from the State of Gujarat to the State of Maharashtra, with a consequential amendment to the Memorandum of Association.

Authorised share capital, before and after

• Existing Clause V: authorised share capital of INR. 4,00,00,000 divided into 40,00,000 equity shares of INR. 10 each.
• Proposed Clause V: authorised share capital of INR. 10,00,00,000 divided into 1,00,00,000 equity shares of INR. 10 each.
• The face value stays at INR. 10 per equity share. What changes is the number of shares the company is authorised to have in place, from 40,00,000 to 1,00,00,000.

What authorised capital means

Authorised capital is the ceiling up to which a company can issue shares. Raising this ceiling does not by itself bring any money into the company, and it does not by itself issue a single share. It only widens the limit within which shares can be issued later, and any such issue would be a separate action.

About the secretarial auditor

M/s. HD and Associates LLP is described in the update as an ICSI-Peer Reviewed firm of Practicing Company Secretaries with more than five years of experience in the field of Company Law, SEBI Laws and FEMA Laws. Against the disclosure of relationships between the firm and the directors, the update marks the item Not Applicable.

Points to keep in mind

• The name change and the registered office shift are recorded as shareholder approvals along with the related amendments to the Memorandum and Articles of Association.
• This intimation is issued under the existing name, Gconnect Logitech and Supply Chain Limited.
• The capital change is in authorised capital. Paid-up capital and the number of shares actually in issue are separate from the authorised limit.
• The four items were approved together at one meeting, so they are administrative and governance steps rather than a single operational event.

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