StockWatch
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Logistics Solution Provider
Investment23 Mar 2026, 11:11 pm

Gconnect Logitech and Supply Chain Ltd. Announces ₹ 11 Crore Capital Increase and Preferential Issue of Equity Shares

AI Summary

Gconnect Logitech and Supply Chain Ltd. held a Board Meeting on March 23, 2026, and approved several key decisions. The company plans to increase its authorized share capital from ₹ 4 crore to ₹ 11 crore, subject to shareholder approval. Additionally, the company will issue up to 64,83,000 equity shares at a price of ₹ 18.31 per share, including a premium of ₹ 8.31 per share, to promoter and non-promoter category investors on a preferential basis. This issuance will raise approximately ₹ 11,87,03,730. The Extra Ordinary General Meeting of shareholders will be held on April 22, 2026, to seek necessary approvals for these matters.

Key Highlights

  • Authorized share capital increase from ₹ 4 crore to ₹ 11 crore
  • Issuance of up to 64,83,000 equity shares at ₹ 18.31 per share
  • Funds raised of approximately ₹ 11,87,03,730
  • Preferential issue to promoter and non-promoter category investors
  • Extra Ordinary General Meeting on April 22, 2026