Rights Issue19 Sept 2026, 04:11 pm
Gconnect Board Approves ₹41 Cr Rights Issue, Appoints New Director
AI Summary
Gconnect Logitech and Supply Chain Ltd's Board of Directors, in a meeting on September 19, 2026, approved a proposal to raise funds up to ₹41 Crores through a Rights Issue of equity shares. This fundraise is subject to necessary regulatory approvals. Additionally, the Board approved the appointment of Mr. Ketur Shah as an Independent Director of the Company for a five-year term, effective September 19, 2026. This appointment is subject to the approval of members at the ensuing General Meeting. The Rights Issue will involve issuing equity shares of face value ₹10 each to eligible equity shareholders.
Key Highlights
- Board approved a Rights Issue to raise up to ₹41 Crores.
- Funds will be raised by issuing equity shares to existing shareholders.
- Mr. Ketur Shah appointed as Independent Director for 5 years.
- Director appointment is subject to shareholder approval.
Price Impact
More from GCONNECT