Board approves name change, office shift to Maharashtra and authorised capital rise to Rs. 10,00,00,000

Board approved: name change to 'Sheth Eba Global Venture Limited' or 'Sheth Eba Global Limited', registered office shift from Gujarat to Maharashtra, authorised share capital up from Rs. 4,00,00,000 to Rs. 10,00,00,000.

Sat 3 Oct 2026

New Name Proposed

'Sheth Eba Global Venture Limited' or 'Sheth Eba Global Limited'

Registered Office Shift

from the State of Gujarat to the State of Maharashtra

Authorised Share Capital

from Rs. 4,00,00,000 to Rs. 10,00,00,000

New Objects

Steel, iron and metal fabrication and engineering works

Board Meeting Timings

commenced at 03:15 PM and concluded at 04:15 PM

What the Board approved today

• Change of the Company's name from Gconnect Logitech and Supply Chain Limited to either Sheth Eba Global Venture Limited or Sheth Eba Global Limited. The final name depends on availability and approval by the Ministry of Corporate Affairs, along with shareholder approval, and consequential changes to the Memorandum and Articles of Association.
• Shifting of the registered office from the State of Gujarat to the State of Maharashtra, subject to shareholder approval and approvals of the Central Government/Regional Director and other statutory or regulatory authorities.
• Increase in the authorised share capital from Rs. 4,00,00,000 to Rs. 10,00,00,000, with a consequential alteration of the Capital Clause of the Memorandum of Association.
• The Directors' Report for the financial year ended March 31, 2026, the Notice convening the forthcoming Annual General Meeting along with the explanatory statement, and the alteration of the main object clause of the Memorandum of Association.

Authorised share capital, in simple words

Authorised share capital is the ceiling up to which a company can issue shares. It is not money the company has already raised. Raising the ceiling from Rs. 4,00,00,000 to Rs. 10,00,00,000 widens the room available for issuing shares in future, if and when the company decides to do so and subject to the approvals stated.

The new objects

Five new sub-clauses are to be appended to the main objects in the Memorandum of Association:

• Manufacturing, fabricating, processing, casting, forging, machining, assembling, buying, selling, importing, exporting, stocking, distributing, supplying and trading in ferrous and non-ferrous metals, steel, iron and metal products, including structural, mild, stainless, alloy and carbon steel, sheets, plates, coils, bars, rods, pipes, tubes, angles, channels, beams and fabricated structures.
• Steel, iron and metal fabrication and engineering works, including structural, industrial, heavy, light and precision fabrication, welding, cutting, bending, rolling, drilling, machining, galvanising, powder coating, painting and surface treatment.
• Steel and iron structures such as frames, sheds, platforms, trusses, towers, tanks, vessels, pipelines, railings, gates, grills and prefabricated structures, whether made on its own account or on job-work, contract, subcontract or turnkey basis.
• Wholesale and retail trading, distribution, agency, dealership, commission agency, import and export of steel, iron, metals, fabricated products, engineering goods, machinery, equipment, tools, consumables and hardware.
• Job work, contract manufacturing, fabrication contracts, project execution, erection and installation services, and engineering, technical, inspection and maintenance services.

What to keep in mind

• These are Board-level approvals of proposals. The name change, the registered office shift, the authorised capital increase and the object clause alteration are each stated as subject to the approval of the Members and other approvals as applicable.
• Adding objects enables the company to carry on these activities; it does not by itself indicate that any such activity has started.
• The change is to authorised share capital, which is the ceiling, and not by itself to paid-up capital.

The Board meeting commenced at 03:15 PM and concluded at 04:15 PM.

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