Switching Technologies Gunther Limited published its audited standalone financial results for the quarter and year ended 31st March, 2026 through newspaper publications in Business Standard (English) and Makkal Kural (Tamil) on 26th May, 2026. The results were approved by the Board of Directors at their meeting held on 25th May, 2026.

Financial Performance (Standalone, in ₹ Lakhs)

For Year Ended 31st March, 2026:

  • Revenue from Operations: ₹824.72
  • Total Comprehensive Income: ₹693.57
  • Net Profit: ₹655.22
  • Earnings Per Share (Basic & Diluted): ₹26.74

For Year Ended 31st March, 2025:

  • Revenue from Operations: ₹771.93
  • Total Comprehensive Income: (₹722.69) loss
  • Net Profit: (₹677.96) loss
  • Earnings Per Share (Basic & Diluted): (₹27.67) loss

Quarter Ended 31st March, 2026:

  • Revenue from Operations: ₹208.68
  • Total Comprehensive Income: ₹1,247.01
  • Net Profit: ₹1,208.66
  • Earnings Per Share (Basic & Diluted): ₹49.33

Key Financial Notes

1. The company operates in only one segment - Manufacture of Reed Switches, Proximity Switches & Ball Switches.

2. Reconciliation from previous GAAP to Ind AS:

  • FY26 Net Profit under previous GAAP: ₹655.22
  • FY25 Net Profit under previous GAAP: (₹677.96) loss
  • No Ind AS adjustments were made for either period
  • Other Comprehensive Income for FY26: ₹38.35
  • Other Comprehensive Income for FY25: (₹44.73) loss

3. The company has not issued any Commercial Papers (CPs), NCDs or NCRPs.

4. Going Concern Qualification: As of 31st March, 2025, the company's accumulated losses aggregated to ₹1,535.18 lakhs, resulting in complete erosion of its net worth. Additionally, current liabilities exceeded current assets by ₹733.64 lakhs as of that date. These factors cast significant material uncertainty related to Going Concern, though the financial statements have been prepared on a going concern basis.

Material Corporate Developments

Change in Control/Management:

A Share Purchase Agreement (SPA) was signed on 24th January, 2026 between existing promoter Gunther America Inc and acquirers BBU Enterprises Private Limited, Touristas Horizons Private Limited, and Mr. Nikhil Pujari. The acquirers propose to acquire up to 9,22,000 equity shares representing 37.6327% of paid-up share capital of the company in one or more tranches for a consideration of ₹2,76,60,000.

Material Change in Shareholding:

Touristas Horizons Private Limited (CIN: U79110WB2023PTC264828) and BBU Enterprises Private Limited (CIN: U51909WB2022PTC254100) acquired 2,52,861 equity shares each respectively on 14th May, 2026, aggregating to 5,05,722 equity shares. This represents nearly 20.64% shareholding of the company and constitutes a material change in shareholding occurring after the balance sheet date.

Change in Object Clause:

The Board of Directors approved on 19th January, 2026 a change in the Object Clause of the company to include food processing operations for manufacturing, processing, preparing, preserving, refining, buying, selling and dealing in all types of food and food-related products including cereals, spices, beverages, dairy products, and processed foods.

Business Transfer Agreement:

During the quarter ending 31st March, 2026, the company received ₹300 lakhs from Canalli Manufacturing Private Limited pursuant to a Business Transfer Agreement dated 11th December, 2025. The total consideration for transfer of the company's business as a going concern on slump sale basis to Canalli shall be ₹425 lakhs.

Additional Information

  • Paid-up share capital: ₹245.00 lakhs (24,50,000 equity shares of ₹10 each)
  • The financial results are available on the company's website
  • Signatories: C. Chandrachudan (Managing Director) and K. Mani (Non-Executive Director)