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Awaiting price reaction for this filing.
Gconnect Logitech and Supply Chain Ltd's Board met on September 5, 2025, and approved raising funds through a preferential issue. The Board also deferred the proposal to increase the authorised share capital to a future meeting, where it will be taken up alongside the fund-raising plan. Additionally, the Board approved the Draft Directors' Report for FY ended March 31, 2025, and scheduled the Annual General Meeting for September 30, 2025. The company is listed on BSE SME (Scrip Code: 544156).
The decision to raise funds via a preferential issue signals potential equity dilution for existing shareholders once details (price, size, and allottees) are announced. Until pricing and investor identity are disclosed, the market impact remains uncertain.