Switching technologies gunther Ltd has officially communicated to BSE Limited regarding the non-applicability of Escrow Payment Mechanism requirements to the company. The formal submission was made on April 15, 2026, through the BSE Listing Centre Online platform.

Regulatory Compliance Communication

The company's communication, bearing reference number BSE//SEC/40/2026, was addressed to the Corporate Relationship Department of BSE Limited. The submission specifically clarifies the company's position regarding Escrow Payment Mechanism requirements under current regulatory frameworks.

Key Regulatory Clarification

The company has formally stated that the Submission of Escrow Payment Mechanism is not applicable to its operations. This determination has significant implications for the company's ongoing compliance obligations with BSE.

As a direct result of this non-applicability status, Switching Technologies Gunther Ltd will be exempt from quarterly filings specifically related to the Escrow Payment Mechanism. The company has requested BSE to incorporate this information into their official records.

Company Authorization

The communication was officially authorized and signed by S. Ramesh, who serves as the Company Secretary and Compliance Officer for Switching Technologies Gunther Ltd. The submission represents the company's formal position on this regulatory matter and ensures proper documentation with the stock exchange.

The company is registered under CIN L29142TN1988PLC015647 and operates from its registered office and works located at B-9 & B-10, Special Economic Zone (MEPZ), Kadapperi, Tambaram, Chennai - 600 045.

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.