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

Board approves six proposals on 03rd October, 2026.

Sat 3 Oct 2026

Proposed name change

Name change proposed to “Sheth Eba Global Venture Limited” or “Sheth Eba Global Limited”

Registered office shift

Registered office proposed to shift from Gujarat to Maharashtra

Authorised share capital

Authorised share capital to go up from Rs. 4,00,00,000 to Rs. 10,00,00,000

Main objects widened

Main objects to be widened into steel, iron and metal manufacturing, fabrication and trading

Board approvals

Directors’ Report for FY ended March 31, 2026 and AGM notice also approved

Board meeting outcome of 03rd October, 2026

The Board of Directors met on Saturday, 03rd October, 2026 and approved six items. The meeting commenced at 03:15 PM and concluded at 04:15 PM. These are proposals approved by the Board; most of them still require member approval and, for some, approval from other authorities.

The six items approved

• Change of name from “Gconnect Logitech and Supply Chain Limited” to “Sheth Eba Global Venture Limited” or “Sheth Eba Global Limited”, subject to the proposed name being available and approved by the Ministry of Corporate Affairs, subject to member approval, and with consequential alteration of relevant clauses of the Memorandum and Articles of Association.
• Shifting of the registered office from the State of Gujarat to the State of Maharashtra, subject to member 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 (Rupees Four Crore only) to Rs. 10,00,00,000/- (Rupees Ten Crore only), with consequential alteration of the Capital Clause of the Memorandum of Association.
• Directors’ Report along with applicable annexures for the financial year ended March 31, 2026.
• Notice convening the forthcoming Annual General Meeting, together with the explanatory statement, including seeking member approval for the above matters wherever applicable.
• Alteration of the main object clause of the Memorandum of Association.

What the new objects cover

Sub-clauses 4, 5, 6, 7 and 8 are to be appended after sub-clause 3 of clause III (A) of the Memorandum of Association. Together they cover:

• 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 steel, mild steel, stainless steel, alloy steel, carbon steel, sheets, plates, coils, bars, rods, pipes, tubes, angles, channels, beams and fabricated structures;
• all types of 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;
• manufacture, erection, installation, repair and maintenance of steel and iron structures, frames, sheds, platforms, trusses, towers, tanks, vessels, pipelines, railings, gates, grills, supports and prefabricated structures, whether 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 allied engineering, technical, inspection and maintenance services.

Why authorised capital matters

Authorised share capital is the ceiling up to which a company can issue shares. Raising it from Rs. 4,00,00,000 to Rs. 10,00,00,000/- does not by itself issue any new shares or change what existing shareholders hold. It creates headroom for a future issue of shares, which would be a separate event with its own approvals and disclosures.

Points to track from here

• Whether the Ministry of Corporate Affairs approves either of the two proposed names.
• Member approval at the forthcoming Annual General Meeting for the name change, the registered office shift, the authorised capital increase and the object clause alteration.
• Approval of the Central Government/Regional Director for moving the registered office from Gujarat to Maharashtra.

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