Gconnect Logitech and Supply Chain Limited informs the exchange regarding outcome of the Board Meeting held on March 23, 2026.
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The board of Gconnect Logitech and Supply Chain approved increasing the authorised share capital from ₹4 crore to ₹11 crore, subject to shareholder approval. It also approved a preferential issue of up to 64,83,000 equity shares at ₹18.31 per share (face value ₹10, premium ₹8.31), raising approximately ₹11.87 crore in total. The shares will be allotted to 17 allottees, including promoters, promoter group members, and non-promoter individuals and entities. An Extra Ordinary General Meeting (EGM) has been scheduled for April 22, 2026, to seek shareholder approval for these matters. Post-issue, the promoter group's shareholding will go from 40.27% to 78.22%, indicating a significant promoter-led capital infusion.
Existing shareholders may see dilution if they do not participate, though the issue is being driven primarily by the promoter group, which will increase its holding. The ₹11.87 crore raised could strengthen the company's balance sheet, but preferential allotments at set prices often put mild short-term pressure on the stock until the new shares are absorbed.