The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asscue Management Services Pvt Ltd
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Non-promoter entity Asscue Management Services Pvt Ltd, along with PAC Kriansh Nirmaan Pvt Ltd, has acquired 1,80,410 equity shares (7.363%) of Switching Technologies Gunther Ltd through open market purchases on October 20 and 21, 2025. Prior to this acquisition, the acquirer held 0% in the company, and after the transaction the total holding stands at 7.363% of the equity share capital. The disclosure is filed under Regulation 29(1) of SEBI Takeover Regulations, which is triggered when any acquirer's holding crosses the 5% threshold. The company has a total share capital of 24,50,000 equity shares of Rs. 10 each.
A new non-promoter shareholder has entered the company with a meaningful 7.36% stake via open market buying, which may indicate confidence in the stock from an external investor. Since the acquirer is approaching the 10% creeping acquisition threshold, any further purchases could attract additional takeover code obligations, potentially causing short-term price sensitivity.