STG Managing Director resigns, reverts to Director role

Switching Technologies Gunther Limited has received resignations from three directors, including its Managing Director, effective June 20, 2026. Mr. C. Chandrachudan stepped down as Managing Director but has consented to continue as a Director on the board. The company's board is scheduled to meet on June 27, 2026, to formally note these resignations and discuss the reconstitution of key committees.

Mr. K. Mani resigned as Executive Director due to personal reasons, while Mrs. Saimathy Soupramanien stepped down as Independent Director, also citing personal reasons. The resignations were disclosed to the stock exchange under Regulation 30 of the SEBI (LODR) Regulations, 2015. Mrs. Soupramanien confirmed there are no other material reasons for her departure beyond those stated.

Board Committee Reconstitution

The upcoming board meeting on June 27 will address the reconstitution of the Nomination & Remuneration Committee and the Stakeholder Relationship Committee. These changes are necessary following the exits of the directors. The meeting will be held via video conferencing.

Resignation Details

The following table summarizes the changes in the company's leadership:

Director	Previous Role	Reason for Resignation	Date of Cessation
Mr. C. Chandrachudan	Managing Director	Resigned as MD; consented to continue as Director	June 20, 2026
Mr. K. Mani	Executive Director	Personal reasons	June 20, 2026
Mrs. Saimathy Soupramanien	Independent Director	Personal reasons	June 20, 2026

Mrs. Saimathy Soupramanien holds directorships in R.K. Steel Manufacturing Company Ltd., Supreme Power Equipment Ltd., and CDR Infracon Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.88%	-1.06%	+3.34%	+50.45%	+25.51%	+97.87%

Guenther America Inc has ceased to be the promoter of switching technologies gunther following the sale of its entire shareholding to a group of acquirers. The transaction, which resulted in the reclassification of the outgoing promoter to the public category, was completed on June 1, 2026. This change follows the completion of an open offer and share transfer process under the relevant SEBI regulations.

The acquirers, comprising Touristas Horizons Private Limited, BBU Enterprises Private Limited, and Mr. Nikhil Pujari, purchased the shares pursuant to a Share Purchase Agreement dated January 24, 2026. The company confirmed that the outgoing promoter no longer exercises control over the firm and that all special rights previously available to them have been terminated. The disclosures were submitted to BSE Limited under Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The following table details the transfer of shares from the outgoing promoter to the acquirers:

Name of the Promoter	Holding before Transfer	No. of Shares Transferred	Name of the Acquirer	Date of Transfer
Guenther America Inc.	9,22,000	4,25,000	Touristas Horizons Private Limited	June 1, 2026
Guenther America Inc.	4,25,000	4,25,000	BBU Enterprises Private Limited	June 1, 2026
Guenther America Inc.	72,000	72,000	Nikhil Pujari	June 1, 2026

Prior to the acquisition, the acquirers acting in concert held a combined 20.64% of the total voting capital. Following the purchase of the additional shares, their total holding increased to 58.28% of the diluted share capital. The equity shares capital of the target company stands at INR 2,45,00,000, divided into 24,50,000 equity shares of INR 10 each.

The company stated that all conditions prescribed under Regulation 31A(3)(b) and (c) of the SEBI LODR Regulations have been complied with. Subramaniam Ramesh, Company Secretary and Compliance Officer, signed the disclosures on behalf of Switching Technologies Gunther Limited.