Intimation of the Summary of the Proceedings of the EGM held on 6th November, 2025 @ 2.30 p.m.
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Switching Technologies Gunther Ltd held an Extraordinary General Meeting (EGM) on 6th November 2025 via audio/video conferencing. Two resolutions were put to vote through remote e-voting. The first was a Special Resolution to approve the slump sale of the company's entire business undertaking, including all assets, liabilities, properties, contracts, intellectual property, and identified employees, for a consideration of Rs. 4.20 Crores (inclusive of taxes). The second was an Ordinary Resolution to approve this as a material related party transaction with Canolli Manufacturing Private Limited (CIN: U31900DL2022PTC401157), which is a related party. The scrutinizer will announce the e-voting results separately. No shareholder queries were raised at the meeting.
This is a significant event — the company is selling its entire business undertaking to a related party for Rs. 4.20 Crores on a slump sale basis. If approved, this effectively means the company is divesting its core operations, which could materially affect its future revenue and business profile. Shareholders should review the explanatory statement and scrutinizer's report carefully, as related party slump sales at this scale can raise questions about valuation and shareholder interests.