Board approves proposal for name change, Gujarat-to-Maharashtra office shift, capital hike to Rs. 10,00,00,000

Proposal to change name to “Sheth Eba Global Venture Limited” or “Sheth Eba Global Limited” — subject to MCA name availability and member approval.

Sat 3 Oct 2026

Board Meeting Date

03rd October, 2026

Proposed New Name

“Sheth Eba Global Venture Limited” or “Sheth Eba Global Limited”

Registered Office Shift

from Gujarat to Maharashtra

Authorised Share Capital

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

Directors' Report FY

FY ended March 31, 2026

What the board approved

The board of Gconnect Logitech and Supply Chain Limited met on 03rd October, 2026, from 03:15 PM to 04:15 PM, and approved a set of proposals. Most of them are proposals at this stage — they take effect only after member and, in some cases, regulatory approvals.

Proposed name change

• The company proposes to change its name from “Gconnect Logitech and Supply Chain Limited” to “Sheth Eba Global Venture Limited” or “Sheth Eba Global Limited”
• This is subject to the proposed name being available and approved by the Ministry of Corporate Affairs
• It is also subject to approval of the members
• The relevant clauses of the Memorandum of Association and Articles of Association would be altered as a consequence

Proposed shift of registered office

The registered office is proposed to be shifted out of the State of Gujarat to the State of Maharashtra. This needs approval of the members, and approvals of the Central Government/Regional Director and other statutory or regulatory authorities.

Authorised share capital

• Existing: Rs. 4,00,00,000 (Rupees Four Crore only)
• Proposed: Rs. 10,00,00,000 (Rupees Ten Crore only)
• The Capital Clause of the Memorandum of Association would be altered accordingly
• Authorised share capital is the ceiling up to which a company can issue shares. Raising this ceiling is not money raised, and does not by itself mean fresh shares have been issued or that the paid-up capital has changed.

Wider business objects

Annexure-A sets out new sub-clauses to be appended after sub-clause (3) of clause III (A) of the Memorandum of Association. These cover, among other things:

• Manufacturing, fabricating, processing, casting, forging, machining and trading in ferrous and non-ferrous metals, steel, iron and metal products such as sheets, plates, coils, bars, rods, pipes, tubes, angles, channels, beams and sections
• 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 and painting
• Manufacturing and erection of structures, frames, sheds, platforms, trusses, towers, tanks, vessels, pipelines, railings, gates and prefabricated structures, on own account or on job-work, contract, subcontract or turnkey basis
• Wholesale and retail trading, distribution, agency, dealership, import and export of steel, iron, metals, fabricated products, engineering goods, machinery and equipment
• Job work, contract manufacturing, fabrication contracts, project execution, erection and installation, and engineering, technical, inspection and maintenance services

The alteration is subject to necessary approvals.

Other items on the agenda

• The Directors’ Report along with annexures for the financial year ended March 31, 2026 was approved
• The notice convening the forthcoming Annual General Meeting, with the explanatory statement, was approved, including seeking members’ approval for the above matters wherever applicable

How a retail investor can read this

These are enabling decisions: a proposed new identity, a proposed change of the state where the registered office sits, a higher authorised capital ceiling, and a much wider set of objects the company would be permitted to pursue. The increase in authorised capital is only a ceiling. The changes take effect only once the required member and regulatory approvals come through.

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