BBU Enterprises Private Limited, Touristas Horizons Private Limited, and Nikhil Pujari have launched an open offer to acquire shares of Switching Technologies Gunther Limited under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. D & A Financial Services (P) Limited is managing the offer as the appointed merchant banking firm.

Offer Details and Pricing

The acquirers have set the offer price at ₹66.00 per equity share. The Committee of Independent Directors of the target company has evaluated and recommended this pricing structure as fair and reasonable to shareholders.

The Independent Directors' Committee highlighted that the offer price exceeds both the regulatory valuation parameters under SEBI SAST Regulations and the negotiated price in the Share Purchase Agreement, making it attractive for public shareholders.

Timeline and Key Dates

The offer follows a structured timeline with several revised dates from the original schedule:

Regulatory Compliance and Documentation

The Draft Letter of Offer was submitted to SEBI on February 06, 2026, with all observations from SEBI's letter dated March 25, 2026 incorporated into the final Letter of Offer. The Detailed Public Statement was published on February 02, 2026, in multiple newspapers including Financial Express, Jansatta, Mumbai Lakshadweep, and Makkal Prathinithi.

Shareholders can access the Letter of Offer through SEBI's website at www.sebi.gov.in during the offer period. Those who do not receive the formal acceptance forms can submit applications on plain paper with required details including shareholding information, folio numbers, and original share certificates.

Company Information

Switching Technologies Gunther Limited operates from its registered office at Plots B-9, B-10 & C-1, Madras Export Processing Zone, Kadapperi, Tambaram, Chennai, Tamil Nadu. The company's shares are listed on BSE Limited, and no additional statutory approvals are required for this open offer transaction.

The acquirers have accepted full responsibility for the information contained in the offer documents and remain jointly and severally responsible for fulfilling all obligations under the SEBI SAST Regulations, 2011.

Switching Technologies Gunther Ltd has filed a regulatory compliance statement with BSE Limited, clarifying that no proceeds deviation reporting is applicable for the quarter ending March 31, 2026. The communication, dated April 13, 2026, addresses the company's compliance status under SEBI listing regulations.

Regulatory Compliance Statement

The company submitted its statement through BSE Listing Centre Online, referencing compliance requirements under SEBI (LODR) Regulations. The filing specifically addresses Regulation 32(1), 32(2), and 33(3), which mandate companies to report any deviation or variation in the utilization of proceeds from public offerings.

Company's Position on Public Issues

Switching Technologies Gunther Ltd clarified that it has not undertaken any of the following fundraising activities during the reporting period:

• Public issue
• Rights issue
• Preferential issue
• Qualified institutional placement

Due to the absence of these fundraising mechanisms, the company stated that the submission of a deviation or variation statement for proceeds utilization does not arise for the quarter ending March 31, 2026.

Corporate Communication Details

The statement was signed by S. Ramesh, Company Secretary and Compliance Officer, and submitted to the Corporate Relationship Department of BSE Limited. The company requested BSE to take note of this information in their records, ensuring proper documentation of the compliance status.

This filing demonstrates the company's adherence to regulatory requirements and transparent communication with stock exchanges regarding its fundraising activities and compliance obligations.