Switching Technologies Gunther Limited Approves INR 4.2 Crore Slump Sale to Canolli Manufacturing

Switching Technologies Gunther Limited (STGL) held an Extraordinary General Meeting (EGM) on November 6, 2025, where shareholders approved two significant resolutions that will reshape the company's business structure.

Key Resolutions Passed

Slump Sale Approval: A special resolution was passed under Section 180(1)(a) of the Companies Act, 2013, approving the slump sale of STGL's business undertaking.
Related Party Transaction: An ordinary resolution was passed under Section 188(1)(b) of the Companies Act, 2013, authorizing a material related party transaction for the sale of the business undertaking.

Transaction Details

Aspect	Details
Buyer	Canolli Manufacturing Private Limited
Transaction Type	Slump Sale
Consideration	INR 4,20,00,000 (Four Crores Twenty Lakhs)
Assets Included	All assets, rights, interests, properties, intellectual property, business contracts, approvals, permits, records, identified employees
Liabilities	Assumption of related liabilities
Basis	Going concern
Tax Inclusion	Inclusive of all applicable taxes

Corporate Governance and Compliance

The company has taken steps to ensure compliance with regulatory requirements:

The transaction is structured as a slump sale on a going concern basis at arm's length with the related party.
Approval was sought under Regulation 37A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company will make necessary filings with statutory, regulatory, and governmental authorities, including the Registrar of Companies and Stock Exchanges.

Management Authorization

The EGM authorized Mr. Chidambaram Chandrachudan, Managing Director, and Mr. Subramaniam Ramesh, Company Secretary and Compliance Officer, to:

Negotiate, finalize, and execute all necessary agreements and documents.
Settle any questions or difficulties that may arise in relation to the slump sale.
Take all necessary steps to comply with applicable laws, regulations, and listing obligations.

Shareholder Participation

The EGM was conducted through audio-video conferencing mode, allowing shareholders to participate remotely. The company provided a facility for remote e-voting on the resolutions.

This strategic move by Switching Technologies Gunther Limited represents a significant corporate action that may impact its operational structure and future business focus.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.89%	-7.13%	+2.02%	-14.82%	-21.88%	+164.83%

Switching Technologies Gunther Limited has reported a significant change in its shareholding structure, as disclosed in a recent filing with the BSE Limited. The company's promoter, Guenther America Inc., has transferred a substantial portion of its equity stake in the firm.

Key Details of the Share Transfer

Aspect	Details
Promoter	Guenther America Inc.
Number of Shares Transferred	3,78,000
Mode of Transfer	Open market sale
Date Range of Transfer	October 24, 2025 - October 29, 2025
Pre-Transfer Shareholding	13,00,000 shares (53.06%)
Post-Transfer Shareholding	9,22,000 shares (37.63%)

Transaction Breakdown

The share transfer was executed in multiple tranches over a period of six days:

Date	Shares Sold	Value (Rs.)
October 24, 2025	3,000	1,79,821.42
October 27, 2025	3,00,000	1,46,04,310.35
October 29, 2025	75,000	50,62,500.00

Regulatory Compliance

The company has adhered to regulatory requirements by promptly disclosing this insider trading activity. Switching Technologies Gunther Limited, through its Company Secretary and Compliance Officer, Subramaniam Ramesh, submitted the necessary documentation to BSE Limited in compliance with the Securities and Exchange Board of India (SEBI) Prohibition of Insider Trading Regulations.

About Switching Technologies Gunther Limited

Switching Technologies Gunther Limited operates from its registered office located in the Special Economic Zone (MEPZ). The company's shares are traded on the BSE with the ISIN code INE311D01017.

This share transfer represents a significant reduction in Guenther America Inc.'s stake in Switching Technologies Gunther Limited, potentially impacting the company's ownership structure and investor relations.