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.

Switching Technologies Gunther Ltd reported a net profit of ₹655.22 Lakhs for the financial year ended March 31, 2026, reversing the net loss of ₹677.96 Lakhs recorded in the previous year. Revenue from operations for the year stood at ₹824.72 Lakhs, while total revenue was ₹826.34 Lakhs. The turnaround was driven by an exceptional item of ₹1,610.25 Lakhs, representing a write-back of credit and certain debit balances. The board approved the audited standalone financial results at its meeting held on May 25, 2026.

The board approved the appointment of Mr. Nikhil Pujari as an Additional Director in the capacity of Executive Director. Additionally, the company appointed Mr. Sougata Sengupta and Ms. Rakhi Sharma as Additional Directors in the capacity of Independent Directors. All appointments are effective from May 25, 2026, and are subject to the applicable provisions of the Companies Act, 2013 and SEBI Regulations.

Director Profiles

Mr. Nikhil Pujari (DIN: 11224770) is a management professional holding a Master's degree in Marketing with experience in the FMCG industry. Mr. Sougata Sengupta (DIN: 00614643) is a seasoned board professional and corporate strategist with over 30 years of leadership experience. Ms. Rakhi Sharma (DIN: 10697694) is an accomplished business leader with over 15 years of experience in financial services, microfinance, and fintech.

Business Transfer and Strategic Shifts

During the quarter ending March 31, 2026, the company received ₹300 Lakhs from Canolli Manufacturing Private Limited pursuant to a Business Transfer Agreement dated December 11, 2025. The total consideration for the transfer of the business as a going concern on a slump sale basis is ₹425 Lakhs. Furthermore, the board approved a change in the object clause to include the construction and operation of food processing units.

Financial Performance

Despite the annual profit, the company's accumulated losses as of March 31, 2026, aggregated to ₹832.62 Lakhs, resulting in the complete erosion of its net worth. Basic earnings per share for the year were ₹26.74. The company's financial statements were prepared on a going concern basis, acknowledging material uncertainty due to current liabilities exceeding current assets by ₹733.64 Lakhs as of March 31, 2025.