Disclosures pursuant to Regulation 29(1) of the SEBI (SAST) Regulations, 2011
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Two promoter-group entities — Touristas Horizons (P) Ltd and BBU Enterprises (P) Ltd — have collectively acquired 5,05,722 equity shares (20.64% of total share capital) of Switching Technologies Gunther Ltd through an open offer under SEBI (SAST) Regulations. Each acquirer purchased 2,52,861 shares (10.32% each). Prior to this acquisition, both entities held zero shares. The acquisition was completed on May 14, 2026, and the total share capital of the company remains unchanged at INR 2,45,00,000 divided into 24,50,000 equity shares of INR 10 each.
This is a significant promoter group acquisition via open offer, increasing combined promoter holding by 20.64 percentage points to 20.64%. It signals potential intent to build further control, as the acquirers are part of the promoter group and may continue buying.