Switching Technologies Gunther Ltd has scheduled a board meeting for July 9, 2026, to evaluate a proposal for raising capital through the issuance of equity shares or other eligible securities. The board will consider various modes, including a preferential issue on a private placement basis, a qualified institutional placement, a rights issue, or any other permissible method deemed appropriate. The decision is subject to necessary regulatory and statutory approvals, including member approval.

The meeting, set to take place at 4 PM, will also cover the approval of ancillary actions related to the fund-raising proposal. The company has informed BSE Limited regarding the agenda, citing Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In conjunction with the board meeting, the company has announced the closure of the trading window for all designated persons and their immediate relatives. The window closed on July 9, 2026, and will remain closed until 48 hours after the outcome of the board meeting is published, unless extended for other purposes.

S. Ramesh, Company Secretary and Compliance Officer, signed the intimation sent to the exchange.

Switching Technologies Gunther Ltd has undergone a change in management and control following a Share Purchase Agreement and the completion of an Open Offer. The board meeting held on June 27, 2026, approved the reclassification of the former promoter, Guenther America Inc., to the "Public" category and accepted the resignations of key personnel, including the Chief Financial Officer and four directors.

The change in control was triggered by a Share Purchase Agreement dated January 24, 2026, and the subsequent Open Offer completed on May 14, 2026. Consequently, Guenther America Inc., which previously held 37.63% of the paid-up equity share capital, no longer holds any equity shares. The new promoters—M/s. Touristas Horizons Private Limited, M/s. BBU Enterprises Private Limited, and Mr. Nikhil Pujari—collectively acquired 58.27% of the paid-up equity share capital.

Resignations and Management Changes

Pursuant to the change in control, the board accepted the resignation of Mr. T. Nirmala from the position of Chief Financial Officer effective June 27, 2026. Additionally, the board accepted the resignations of Mr. Kuppuswamy Mani, Ms. Saimathy Soupramanien, and Mr. Sharanabasaweshwar Gangadharayya Hiremath from the office of Directors. Mr. Chidambaram Chandrachudan resigned as Managing Director but will continue as a Non-Executive & Non Independent Director.

New Promoter Shareholding

The shareholding of the new promoters is detailed below:

Committee Reconstitution and Office Shift

The board approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Ms. Rakhi Sharma has been appointed Chairman of all three committees. The board also approved the establishment of a Corporate Office in Kolkata and the shifting of the registered office from Plots B-9 & B-10, MEPZ – Special Economic Zone, Kadapperi, Tambaram, Chennai – 600045 to 714A, Spencer Plaza, Phase II, 7th Floor, Anna Salai, Chennai – 600002, effective June 27, 2026.