The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asscue Management Services Pvt Ltd
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Asscue Management Services Pvt Ltd, which is not part of the promoter or promoter group, has disclosed an acquisition of 98,410 equity shares (4.02%) in Switching Technologies Gunther Ltd through open market purchases on October 20 and 21, 2025. Before this transaction, the acquirer held zero shares in the company, meaning this is a fresh stake built from scratch in just two trading sessions. The total equity capital of the company is 24,50,000 shares of Rs. 10 each, and the post-acquisition holding remains at 4.02%. This disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, which applies when an acquirer's shareholding crosses prescribed thresholds.
A non-promoter entity quickly accumulating a 4.02% stake through open market buying in just two days signals aggressive interest and brings the acquirer within striking distance of the 5% creeping acquisition limit under SAST rules, which could trigger further disclosures or an open offer if the 5% threshold is crossed.