Gconnect Logitech And Supply Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/03/2026 ,inter alia, to consider and approve the following ....
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Gconnect Logitech and Supply Chain Ltd has informed BSE that its Board of Directors will meet on March 23, 2026, to consider and approve the issuance of equity shares or securities on a preferential basis to raise additional capital. The preferential allotment will be carried out under the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018, subject to regulatory and shareholder approvals. The company will also approve ancillary actions, including sending a notice to shareholders seeking their approval for the proposed issue. The trading window for designated persons has been closed from March 17, 2026, until 48 hours after the outcome of the board meeting is announced.
For shareholders: A preferential allotment will dilute existing equity holdings and may put short-term pressure on the stock price, though it also signals the company's intent to raise growth capital. Investors should watch for details on issue price, number of shares, and identity of proposed allottees once disclosed.