An Extraordinary General Meetings of the Company is scheduled to be held on Thursday the 6th November, 2025 at 2.30 p.m. through VC or other Audio Visual Means (OAVM) to transact the business ....
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Switching Technologies Gunther Ltd has called an Extraordinary General Meeting on November 6, 2025 at 2:30 p.m. via video conferencing to seek shareholder approval for selling its entire business undertaking as a going concern on a slump sale basis to Canolli Manufacturing Private Limited, a related party, for ₹4.20 crore (consideration valued marginally above the independent valuer's assessment of ₹4.18 crore). The company disclosed that its net worth has been fully eroded, with accumulated losses of ₹15.26 crore and current liabilities exceeding current assets by ₹7.25 crore as of March 31, 2025, with the statutory auditor flagging a going concern uncertainty. Two resolutions are tabled — a special resolution under Section 180(1)(a) for the slump sale and an ordinary resolution under Section 188(1)(b) for the related party transaction. E-voting will run from November 3 to November 5, 2025, with the cut-off date for eligibility set as October 30, 2025.
Shareholders are being asked to approve a near-complete exit from the company's operating business at a fire-sale valuation, with proceeds intended primarily to repay existing obligations rather than generate growth capital. The stock price could face pressure if public shareholders view the ₹4.20 crore consideration as inadequate given the distressed circumstances; exit is the cut-off date of October 30, 2025 for voting eligibility.