Switching Technologies Gunther Ltd has scheduled an Extraordinary General Meeting (EGM) on Saturday, August 1, 2026, to seek shareholder approval for increasing its authorised share capital, enhancing investment limits, and acquiring two entities through share swap agreements. The meeting will be held at 12:30 p.m. through video conferencing or other audio visual means.

The Board of Directors, at its meeting on July 9, 2026, approved proposals to increase the authorised share capital from ₹6 crore to ₹30 crore and to enhance limits for investments, loans, and guarantees to ₹1,000 crore. The company seeks approval to acquire 100% of Tekfoods International Private Limited for ₹88.93 crore and Samridh Overseas Trading Private Limited for ₹148.49 crore. Both acquisitions will be settled through the issuance of equity shares on a preferential basis at a price of ₹98 per share, including a premium of ₹88 per share.

Key Resolutions

The company has provided a remote e-voting facility for all eligible members. The e-voting process will commence on Wednesday, July 29, 2026, at 9:00 a.m. and conclude on Friday, July 31, 2026, at 5:00 p.m. The cut-off date for determining eligibility to vote by electronic means is July 24, 2026. Shareholders who have voted remotely will not be entitled to vote at the meeting venue.

EGM and e-Voting Schedule

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.