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.

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:

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.