Board approves proposals for name change, Gujarat-to-Maharashtra office shift, authorised capital rise to Rs. 10,00,00,000

Board meet outcome, 03rd October, 2026.

Sat 3 Oct 2026

Board Meeting Date

03rd October, 2026

Proposed Name Change

"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

Directors' Report Approved

for year ended March 31, 2026

Board meeting outcome

The board of directors met on Saturday, 03rd October, 2026, from 03:15 PM to 04:15 PM, and approved six items.

What was approved

• Change of the company's name from "Gconnect Logitech and Supply Chain Limited" to "Sheth Eba Global Venture Limited" or "Sheth Eba Global Limited".
• Shifting of the registered office from the State of Gujarat to the State of Maharashtra.
• Increase in the authorised share capital from Rs. 4,00,00,000 to Rs. 10,00,00,000.
• The Directors' Report for the financial year ended March 31, 2026.
• The notice of the forthcoming Annual General Meeting, which will also seek members' approval for the above matters.
• Alteration of the main object clause of the Memorandum of Association.

Name change, explained

The board has approved a proposal for a new name. The proposed name is one of two options, subject to availability and approval of the proposed name by the Ministry of Corporate Affairs, and further subject to member approval and other applicable approvals. The change also involves altering the relevant clauses of the Memorandum and Articles of Association.

Registered office shift, explained

The registered office is the company's official address for legal and regulatory records, and it is currently shown at Bhavnagar, Gujarat. Moving it to Maharashtra is subject to member approval and to approvals of the Central Government, the Regional Director and other statutory or regulatory authorities as may be required.

Authorised share capital, explained

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 sets a higher ceiling, and is subject to member approval. Whether and when any shares are issued under that ceiling is a separate matter, which would involve its own decisions and approvals.

Business objects, explained

The company proposes to append five new sub-clauses, numbered (4) to (8), after sub-clause (3) of clause III (A) of its Memorandum of Association. Together they cover:

• Manufacturing, fabricating, processing, casting, forging, machining, buying, selling, importing, exporting, stocking, distributing and trading in ferrous and non-ferrous metals, steel and iron products, including structural steel, mild steel, stainless steel, alloy steel, carbon steel, sheets, plates, coils, bars, rods, pipes, tubes, angles, channels, beams and engineering products.
• 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, and supply of structures, equipment, components and products.
• Manufacturing, erecting, installing, repairing and commissioning steel and iron structures such as frames, sheds, platforms, trusses, towers, tanks, vessels, pipelines, railings, gates and grills, 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 related to steel, iron, metal fabrication, manufacturing and engineering activities.

What shareholders should note

These are board-approved proposals, not completed changes. Each is subject to member approval and to such approvals from the Ministry of Corporate Affairs, the Central Government/Regional Director and other statutory or regulatory authorities as may be applicable, including consequential alterations to the Memorandum and Articles of Association. The same matters, along with the Directors' Report for the financial year ended March 31, 2026, are being placed before members through the notice of the forthcoming Annual General Meeting.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.