Gconnect Logitech Announces Strategic Pivot and Rebranding

Authorized capital increased from Rs 4 crore to Rs 10 crore.
Company to rename itself to Sheth Eba Global Venture Limited.

Reader Takeaway: Major business pivot into steel manufacturing signals growth ambition, but requires successful shareholder and regulatory navigation.

What just happened

The board of Gconnect Logitech and Supply Chain Ltd approved a comprehensive restructuring package on October 3, 2026. This includes a name change, a geographic shift of the registered office, a significant increase in authorized share capital, and a fundamental alteration of the company’s business objects to enter the iron and steel sector.

Why this matters

The company is moving away from its current supply chain identity toward a broader industrial focus. By adding manufacturing, processing, and fabrication of ferrous and non-ferrous metals to its core business objects, the management is signaling a shift into heavy engineering and infrastructure support. Increasing the authorized capital suggests the company is preparing to raise funds or accommodate expansion in these new business segments.

What changes now

The company is initiating a formal process to adopt the new name, "Sheth Eba Global Venture Limited" or "Sheth Eba Global Limited." It will also begin the legal process of moving its registered office from Gujarat to Maharashtra. Both moves require shareholder approval, which will be sought at the upcoming Annual General Meeting.

What to track next

Investors should look for the notice of the Annual General Meeting to understand the timeline for these resolutions. Further disclosures regarding the operational roadmap, investment outlay, and project funding for the new steel and metal divisions will be critical for gauging the company’s transition success.