GLGconnect Logitech and Supply Chain544156AGM

Shareholders approve secretarial auditor, higher authorised capital, name change and registered office shift

Outcome of the 04th AGM held on 30th October, 2026 — shareholders approved four items.

By ScoutQuest · Mon 2 Nov 2026, 9:12 PM IST · 2 min read

Authorised Share Capital (revised)

INR 10,00,00,000 divided into 1,00,00,000 equity shares of INR 10 each (from INR 4,00,00,000 / 40,00,000 shares)

Secretarial Auditor Appointed

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

Name Change Approved

'Sheth Eba Global Venture Limited'

Four approvals from one meeting

The company disclosed the outcome of its 04th Annual General Meeting held on 30th October, 2026. Shareholders approved four items, each with a consequential amendment to the Memorandum of Association, and the Articles of Association in the case of the name change.

Secretarial auditor appointed

• M/s. HD and Associates LLP, a Practicing Company Secretary firm, has been appointed as Secretarial Auditor.
• The term is 5 financial years commencing from 2026-27, approved by an Ordinary Resolution.
• The firm is described as an ICSI-Peer Reviewed firm with more than five years of experience in Company Law, SEBI Laws and FEMA Laws.

Authorised share capital increased

• 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.
• In simple terms, authorised capital is the ceiling up to which a company can issue shares. Raising this ceiling does not by itself issue any shares; it only widens the room available if the company decides to issue shares later. The face value per share stays at INR 10.

Change of name

• The company will change its name from 'Gconnect Logitech and Supply Chain Limited' to 'Sheth Eba Global Venture Limited'.
• The change comes with a consequential amendment to both the Memorandum of Association and the Articles of Association.

Registered office shift

• The registered office is to move from the State of Gujarat to the State of Maharashtra, with a consequential amendment to the Memorandum of Association.

What this means for a retail holder

• The auditor appointment and the office shift are governance and administrative changes.
• The authorised capital increase matters quantitatively because it lifts the ceiling from INR 4,00,00,000 to INR 10,00,00,000, i.e. from 40,00,000 shares to 1,00,00,000 shares of INR 10 each. Any future fund-raise would be a separate decision and a separate disclosure.
• A name change does not alter the shares held, but the company will be known by the new name in future communications and records.
• All four items are recorded as approved by the shareholders, so the news reads as a routine post-AGM update rather than a business development.

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.

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