Financial Performance (FY 2025-26 vs FY 2024-25)
Revenue from Operations: ₹404.45 lakh (Previous: ₹467.12 lakh) - Decline of 13.4%
Total Revenue: ₹409.76 lakh (Previous: ₹470.36 lakh) - Decline of 12.9%
Profit Before Tax: ₹31.69 lakh (Previous: ₹38.02 lakh) - Decline of 16.6%
Profit After Tax: ₹21.78 lakh (Previous: ₹27.90 lakh) - Decline of 21.9%
Earnings Per Share (Basic & Diluted): ₹0.59 (Previous: ₹0.75)
Key Financial Position as at 31 March 2026
Share Capital: ₹371.95 lakh (Unchanged from previous year)
Reserves and Surplus: ₹581.29 lakh (Previous: ₹554.52 lakh)
Total Equity: ₹953.24 lakh (Previous: ₹926.47 lakh)
Current Liabilities: ₹23.03 lakh (Previous: ₹93.94 lakh)
Total Assets: ₹976.27 lakh (Previous: ₹1,020.41 lakh)
Cash and Cash Equivalents: ₹49.89 lakh (Previous: ₹12.71 lakh)
Trade Receivables: ₹321.43 lakh (Previous: ₹264.38 lakh)
Capital Structure Changes
Share Capital Reconciliation:
- Opening shares: 37,19,547 equity shares of ₹10 each
- No additions or deductions during the year
- Closing shares: 37,19,547 equity shares of ₹10 each
Promoter Shareholding:
- Jigar Sheth: 11,83,047 shares (31.81%) - No change
- Vinod Sheth: 5,96,750 shares (16.04%) - No change
- Total Promoter Holding: 17,79,797 shares (47.85%)
Board and Committee Composition
Board of Directors:
- Mr. Vinod Venilal Sheth - Chairman & Non-Executive Director
- Mr. Jigar Vinodbhai Sheth - Managing Director
- Mr. Parthivkumar Bharatbhai Barad - Independent Director (resigned w.e.f 25th August, 2026)
- Mrs. Khushbu Jignesh Shah - Independent Non-Executive Director
Key Managerial Personnel:
- Mr. Hareshkumar Chandubhai Vankani - Chief Financial Officer
Committee Composition:
- Audit Committee: Vinod Venilal Sheth (Chairman), Ketur Shah, Khushbu Jignesh Shah
- Nomination and Remuneration Committee: Vinod Venilal Sheth (Chairman), Khushbu Jignesh Shah, Ketur Shah
- Stakeholders Relationship Committee: Jigar Vinodbhai Sheth, Khushbu Jignesh Shah, Ketur Shah
Auditor Information
Statutory Auditors: M/s. NGST & Associates, Chartered Accountants (Firm Reg. No. 135159W)
Audit Report Date: 29 May 2026
Opinion: Unmodified audit opinion
Secretarial Auditor: Ms. Komal Birmiwala, Practising Company Secretaries (Firm Registration No. 5849/2024)
Corporate Actions Proposed
4th Annual General Meeting to be held on Friday, 30th October, 2026 with following agenda:
Ordinary Business:
1. Adoption of Audited Financial Statements for FY 2025-26
2. Re-appointment of Mr. Vinod Venilal Sheth as Director retiring by rotation
Special Business:
3. Appointment of HD & Associates LLP as Secretarial Auditor for 5 years
4. Increase in Authorized Share Capital from ₹4 crore to ₹10 crore
5. Change of Company name to "Sheth Eba Global Venture Limited" or "Sheth Eba Global Limited"
6. Shift Registered Office from Gujarat to Maharashtra
7. Conversion of unsecured loans up to ₹10 crore into equity shares
Operational Highlights
The company is engaged in surface logistics services including bulk load, Full Truck Load (FTL) service, and dedicated load services. Mainly serves transport contractors and industrial customers requiring bulk transportation within India.
Significant Accounting Policies
Financial statements prepared under historical cost convention using accrual basis of accounting. Depreciation provided on Written Down Value method as per Schedule II of Companies Act, 2013.
Related Party Transactions
Transactions with directors during the year:
- Remuneration: Nil (Previous: ₹6.00 lakh)
- No other material related party transactions reported
Forward-Looking Statements
The document contains cautionary statements that actual results may differ materially from expectations due to various factors including domestic and global demand conditions, input costs, tax laws, and economic developments.
#Tags: #GconnectLogitech #FY2026Results #SEBIDisclosure #CorporateRestructuring #RegulatoryCompliance #Neutral