New promoters take over with 58.27% stake; complete change of control

Promoter Stake BuyPromoter Stake Sell 1pctOwnership Changes View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+9.4%1-day move

₹97.90

prior close

₹101.99

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

———-0.3+9.4+14.9+20.6+26.6+32.9+46.5+29.1———

Up moveDown movePending

AI summary

Board approved change in management and control of Switching Technologies Gunther Ltd. Old promoter Guenther America Inc. sold its entire 37.63% stake and was reclassified from Promoter to Public category. New promoters Touristas Horizons (27.67%), BBU Enterprises (27.67%), and Nikhil Pujari (2.94%) together hold 58.27% after a Share Purchase Agreement and Open Offer completed on 14 May 2026. CFO and three directors resigned, MD stepped down to Non-Executive role, and the registered office is being shifted within Chennai.

Likely market impact

Complete change of control. New promoters now hold 58.27%. Old management including CFO and MD exited. Expect strategic shifts ahead.