Promoters of Gconnect Logitech and Supply Chain Limited, specifically Jigar Vinodbhai Sheth and Vinodbhai Sheth, have collectively reduced their shareholding in the company by 4.03%. The transactions, involving the sale of 150,000 equity shares, were carried out through open market operations between June 6, 2025, and June 12, 2025. This development was formally communicated to BSE Limited and the company on June 16, 2025, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Following these sales, the total promoter group holding in Gconnect Logitech and Supply Chain Limited has decreased from 47.85% to 43.81%.
| Promoter Name | Shares Held Before Sale | % Holding Before Sale | Shares Sold | % Stake Sold of Total Capital | Shares Held After Sale | % Holding After Sale |
|---|---|---|---|---|---|---|
| Jigar Vinodbhai Sheth | 1,183,047 | 31.81% | 97,500 | 2.62% | 1,085,547 | 29.18% |
| Vinodbhai Sheth | 596,750 | 16.04% | 52,500 | 1.41% | 544,250 | 14.63% |
| Total Promoter Group (Jigar & Vinod Sheth) | 1,779,797 | 47.85% | 150,000 | 4.03% | 1,629,797 | 43.81% |
Detailed Breakdown of the Transaction
The disclosure, signed by Jigar Vinodbhai Sheth on behalf of the promoters, outlines the specifics of the share sale. Prior to these transactions, Jigar Vinodbhai Sheth held 1,183,047 shares, constituting 31.81% of the company's total voting capital. He sold 97,500 shares, representing 2.62% of the total capital, in the open market. Consequently, his holding now stands at 1,085,547 shares, or 29.18% of the company.
Similarly, Vinodbhai Sheth, who previously held 596,750 shares (16.04% of total capital), sold 52,500 shares, which amounts to 1.41% of the total capital. Post this sale, Vinodbhai Sheth's shareholding in Gconnect Logitech is 544,250 shares, equivalent to 14.63%.
Collectively, the two promoters offloaded 150,000 shares. This sale has reduced their combined stake in the Gujarat-based logistics firm from 1,779,797 shares (47.85%) to 1,629,797 shares (43.81%). The disclosure confirms that the sellers belong to the Promoter/Promoter group of Gconnect Logitech and Supply Chain Limited.
The "Equity share capital / total voting capital of the TC before the said acquisition/sale" and "Equity share capital/ total voting capital of the TC after the said acquisition/sale" were reported as 37,195,470 in the disclosure. The percentages of shareholding mentioned are based on the total voting capital of the company. The total diluted share/voting capital of the TC after the said acquisition was also stated as 37,195,470, indicating no change in the overall diluted capital structure due to these secondary market transactions.
Regulatory Compliance and Timeline
The sale of shares by the promoters was executed in the open market over a period of several days, from June 6, 2025, to June 12, 2025. The formal disclosure to the stock exchange (BSE Limited, where Gconnect Logitech's shares are listed) and the target company was made on June 16, 2025.
This disclosure falls under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations mandate timely reporting of changes in shareholding by promoters and other significant shareholders. The primary objective of such regulations is to ensure transparency in the market, providing all investors with crucial information about shifts in ownership patterns, especially by those who have significant control or influence over the company. Such disclosures help maintain market integrity and enable investors to make informed decisions.
About Gconnect Logitech and Supply Chain Limited
Gconnect Logitech and Supply Chain Limited, as per the address provided in the disclosure (SHOP NO.6, SADGURU COMPLEX NARI CHOWKADI, Bhavnagar, BHAVNAGAR, Gujarat, India, 364001), is engaged in the logistics and supply chain sector. Changes in promoter shareholding are closely watched by the investment community as they can sometimes indicate the promoters' outlook on the company's future prospects or their personal financial planning strategies.
Market Perspective
While the disclosure does not specify the reasons for the stake sale by the promoters, such transactions are not uncommon in the stock market. Promoters may choose to sell shares for various reasons, including portfolio diversification, funding personal or other business needs, or estate planning. The reduction in promoter holding from 47.85% to 43.81% is a significant change, and the market will likely take this information into account. The timely disclosure ensures that this information is available to all market participants, upholding the principles of fair market practices.
No information regarding encumbrances (pledge/lien/non-disposal undertaking) on the shares held by the promoters, either before or after the transaction, was detailed in this specific part of the disclosure. The focus was solely on the sale of equity shares carrying voting rights.
