GLGconnect Logitech and Supply Chain544156AGM

AGM approves secretarial auditor, authorised capital increase, name change and Gujarat-to-Maharashtra office shift

Shareholders at the 04th Annual General Meeting held on 30 October 2026 approved four items.

By ScoutQuest · Mon 2 Nov 2026, 9:07 PM IST · 2 min read

Authorised Share Capital

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

Authorised Share Count

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

Secretarial Auditor Term

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

What was approved

The company has told BSE that shareholders at the 04th Annual General Meeting held on 30 October 2026 approved four items. Each was passed by the members, and three of them also require changes to the Memorandum of Association.

Secretarial Auditor

• M/s. HD and Associates LLP, a Practicing Company Secretary firm, has been approved as Secretarial Auditor.
• The term is 5 financial years commencing from FY 2026-27.
• The update describes the firm as an ICSI-Peer Reviewed firm with more than five years of experience in Company Law, SEBI Laws and FEMA Laws.
• The relationship disclosure between the firm and the directors is shown as Not Applicable.

Authorised share capital

• 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.
• Authorised share capital is the ceiling up to which a company can issue shares. It is a limit, not the number of shares actually issued, so the increase by itself does not change the issued share capital or the equity held by existing shareholders.

Change of name

• The name is to change from 'Gconnect Logitech and Supply Chain Limited' to 'Sheth Eba Global Venture Limited'.
• This comes with consequential amendments to the Memorandum of Association and the Articles of Association.

Registered office

• Shareholders approved shifting the registered office from the State of Gujarat to the State of Maharashtra.
• This comes with a consequential amendment to the Memorandum of Association.

How to read it

• The set of approvals is administrative and structural in nature. The authorised capital increase raises the headroom available for any future issue of shares, while the name change and the office shift change how the company is identified and where it is registered.
• The notice does not by itself record any issue of shares or any change in the paid-up capital, so the impact on existing shareholders from the capital clause change is not immediate.

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