switching technologies gunther has undergone significant changes in its board leadership following the resignation of its Managing Director and three other directors. Chidambaram Chandrachudan stepped down from the role of Managing Director on June 20, 2026, though he has consented to continue as a Director. The changes were disclosed to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.

The company also accepted the resignations of K. Mani from the position of Executive Director and Saimathy Soupramanien from the position of Independent Director, both effective June 20, 2026. Additionally, Sharanabasaweshwar Gangadharayya Hiremath resigned as an Independent Director effective June 22, 2026. The company clarified that the initial announcement regarding Mr. Chandrachudan and Mr. Mani was inadvertently delayed due to a scanning error, which has since been rectified.

Reasons for Resignation

The departing directors cited personal reasons for their decisions, except for Mr. Chandrachudan, who resigned specifically from the executive role of Managing Director. In his resignation letter dated June 18, 2026, Mr. Chandrachudan expressed gratitude to the Board and Management for their support during his tenure, which began on September 28, 2022. The other directors confirmed there were no material reasons for their resignations other than those stated.

Details of Resignations

The following table summarizes the key details regarding the changes in the board composition:

Disclosures for Independent Directors

As per SEBI circulars, the resigning Independent Directors disclosed their directorships in other listed entities. Mrs. Saimathy Soupramanien holds Independent Director positions in R.K. Steel Manufacturing Company Ltd, Supreme Power Equipment Ltd, and CDR Infracon Limited. Mr. Sharanabasaweshwar Gangadharayya Hiremath serves as an Additional Director in Ormed Medical Technology Limited. The company assured the stock exchange that the procedural delay in reporting the initial resignations was unintentional and would not recur.

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.