Key Event: Promoter Share Sale and Reclassification

Guenther America Inc., the Promoter of Switching Technologies Gunther Limited, intimated the company via a letter dated June 3, 2026, that it has sold its entire equity shareholding to a consortium referred to as the "Acquirers". The Acquirers are:

  • Touristas Horizons Private Limited (CIN: U79110WB2023PTC264828)
  • BBU Enterprises Private Limited (CIN: U51909WB2022PTC254100)
  • Mr. Nikhil Pujari (PAN: GHJPP6085G)

The sale was executed pursuant to a Share Purchase Agreement dated January 24, 2026. The Acquirers also separately intimated the company of this acquisition via a letter dated June 1, 2026.

As a result, Guenther America Inc. has ceased to be classified as a Promoter/Promoter Group entity and is now reclassified under the "Public" category.

| S.No. | Name of Outgoing Promoter/Promoter Group | PAN |

| 1 | Guenther America Inc. | AAACS5033J |

Share Transfer Details

The specific details of the share transfer that occurred on June 1, 2026, are as follows:

| Acquirer Name | Shares Transferred | Holding Before Transfer | Holding After Transfer |

| Touristas Horizons Private Limited | 4,25,000 | 0 | 4,25,000 |

| BBU Enterprises Private Limited | 4,25,000 | 0 | 4,25,000 |

| Nikhil Pujari | 72,000 | 0 | 72,000 |

| Total Acquired from Promoter | 9,22,000 | | |

Acquirer's Disclosure (Regulation 29(1) of SEBI SAST)

The Acquirers submitted a detailed disclosure stating their acquisition of 9,22,000 equity shares.

Holding Before Acquisition (as of pre-June 1, 2026):

  • Touristas Horizons Private Limited held 2,52,861 shares (10.32%)
  • BBU Enterprises Private Limited held 2,52,861 shares (10.32%)
  • Nikhil Pujari held 0 shares (0.00%)
  • Total Collective Holding Before: 5,05,722 shares (20.64%)

Details of New Acquisition:

  • Touristas Horizons Private Limited acquired 4,25,000 shares
  • BBU Enterprises Private Limited acquired 4,25,000 shares
  • Nikhil Pujari acquired 72,000 shares
  • Total New Shares Acquired: 9,22,000 shares (37.64%)

Holding After Acquisition (as of June 1, 2026):

  • Touristas Horizons Private Limited holds 6,77,861 shares (27.67%)
  • BBU Enterprises Private Limited holds 6,77,861 shares (27.67%)
  • Nikhil Pujari holds 72,000 shares (2.94%)
  • Total Collective Holding After: 14,27,722 shares (58.28%)

The company's total paid-up equity share capital remains unchanged at INR 2,45,00,000, divided into 24,50,000 equity shares of INR 10.00 each, both before and after this acquisition.

Seller's Disclosure (Regulation 29(2) of SEBI SAST)

Guenther America Inc. disclosed the sale of its entire holding of 9,22,000 shares (37.63% of total paid-up capital) on June 1, 2026. Its post-transaction holding is zero shares (0.00%).

Company Confirmations

The company confirms that:

1. The outgoing promoter (Guenther America Inc.) no longer exercises control over the company.

2. All special rights available to the outgoing promoter stand terminated.

3. The conditions prescribed under Regulation 31A(3)(b) and (c) and other applicable provisions of the SEBI LODR Regulations have been complied with.

Additional Filing

A Form C disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015, was also submitted by Guenther America Inc. It contained no trading activity in derivatives of the company (all fields marked 'NA').

#Tags: #SwitchingTechnologiesGunther #SEBIDisclosure #Regulation31A #PromoterReclassification #OwnershipChange #Neutral