Intimation in terms of Regulation 30 read with Part A Schedule III of SEBI (LODR) Regulations, 2015 with respect to shareholders agreement entered for change in control of the company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Switching Technologies Gunther Ltd has informed BSE that a Share Purchase Agreement (SPA) was signed on January 24, 2026, between its existing promoter Guenther America Inc and three acquirers — BBU Enterprises Private Limited, Touristas Horizons Private Limited, and Mr. Nikhil Pujari. The acquirers will purchase up to 9,22,000 equity shares (37.63% of paid-up share capital) for a total consideration of ₹2.76 crore, implying a price of about ₹30 per share. As a result, the existing promoter group will cease to be in control, the promoters will seek declassification, and the Board composition and key managerial personnel will change. The transaction is subject to regulatory approvals and completion of a mandatory open offer under SEBI Takeover Regulations, 2011.
Shareholders should expect a mandatory open offer from the new acquirers soon under SEBI takeover rules, providing an exit opportunity. The change of control also means new management and Board composition, which could lead to shifts in business strategy for this small-cap company.