Submission of Scrutinizer''s Report and e-Voting Results of the EGM of the Company held on 6th November, 2025
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Switching Technologies Gunther Ltd held an Extraordinary General Meeting on 6th November 2025 via video conferencing where shareholders voted on two key resolutions. The first was a Special Resolution approving the slump sale of the company's business undertaking under Section 180(1)(a) of the Companies Act, 2013. The second was an Ordinary Resolution approving a material related party transaction with Canolli Manufacturing Private Limited (CIN: U31900DL2022PTC401157) for the sale of the business undertaking. Both resolutions were passed with overwhelming support — 16 members voted with 476,260 votes (100%) in favour, zero against, and zero abstained for each resolution. The Scrutinizer, G.S.R. & Co., confirmed both were approved by absolute majority. The e-voting was conducted through CDSL's platform.
The company is divesting its entire business undertaking via slump sale to Canolli Manufacturing Pvt Ltd, a related party. Shareholders approved this major corporate action unanimously, signalling a likely restructuring or exit from the current business. Investors should monitor for further disclosures on deal valuation, timeline, and how the sale proceeds will be utilised.