The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Guenther America Inc.
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Guenther America Inc., classified as a promoter of Switching Technologies Gunther Limited, sold an aggregate of 3,78,000 equity shares (15.428% of total share capital) through open market transactions between October 24 and October 29, 2025. The shares were sold in three tranches of 3,000, 3,00,000 and 75,000 shares on Oct 24, 27 and 29 respectively. As a result, the promoter's holding declined from 13,00,000 shares (53.061%) to 9,22,000 shares (37.633%) of the company. The total equity share capital of the company remains unchanged at 24,50,000 shares of Rs. 10 each. The disclosure has been filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
The promoter has crossed below the 50% majority stake threshold, dropping to 37.63%, which weakens its absolute control and could raise concerns among shareholders about future ownership direction and potential further dilution.