Switching Technologies Gunther Ltd (517201)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Switching Technologies' revenue was ₹0.9 Cr (-53.4% year on year, -53.4% on the previous quarter), and net profit ₹-1.7 Cr (a smaller loss than a year earlier); the operating margin was -183.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.9 | -53.4% | -53.4% |
| Operating profit | ₹-1.7 | loss narrowed | loss narrowed |
| Net profit | ₹-1.7 | loss narrowed | to loss |
| EPS (₹) | -6.91 | loss widened | to loss |
| Operating margin | -183.0% | — | — |
📢 Recent Corporate Announcements
Switching Technologies Gunther has overhauled key management positions effective September 24, 2026. Ms. Ruma Narayan Chowdhury has been appointed as Chief Financial Officer, while Ms. Simran Agarwal joins as Company Secretary and Compliance Officer following the resignation of Mr. S. Ramesh on health grounds. Additionally, Mr. Nikhil Pujari has been designated as Whole-time Director for a 5-year tenure, subject to shareholder approval. For a micro-cap company with TTM revenue of ₹7 Cr and negative operating margins, stabilization of key management personnel is essential for operational governance.
- Appointment of Ms. Ruma Narayan Chowdhury as Chief Financial Officer effective September 24, 2026
- Appointment of Ms. Simran Agarwal as Company Secretary and Compliance Officer effective September 24, 2026
- Designation of Mr. Nikhil Pujari as Whole-time Director for a tenure of 5 years, subject to shareholder approval
- Cessation of former CS Mr. S. Ramesh effective September 11, 2026, following resignation dated August 12, 2026
Switching Technologies Gunther Ltd announced key managerial personnel changes following its board meeting on September 24, 2026. The board approved the appointment of Ms. Ruma Narayan Chowdhury as Chief Financial Officer and Ms. Simran Agarwal as Company Secretary & Compliance Officer effective September 24, 2026. Additionally, Mr. Nikhil Pujari was re-designated from Director to Whole-time Director for a tenure of 5 years, subject to shareholder approval. Former Company Secretary Mr. S. Ramesh resigned on health grounds effective September 11, 2026.
- Appointment of Ms. Ruma Narayan Chowdhury as Chief Financial Officer effective September 24, 2026
- Appointment of Ms. Simran Agarwal as CS & Compliance Officer effective September 24, 2026
- Resignation of Mr. S. Ramesh as Company Secretary & Compliance Officer effective September 11, 2026
- Change in designation of Mr. Nikhil Pujari to Whole-time Director for a tenure of 5 years subject to shareholder approval
Switching Technologies Gunther Ltd has released its 38th Annual Report for FY25-26, convening its AGM on September 24, 2026. Key special resolutions include shifting the registered office from Chennai, Tamil Nadu to Jaipur, Rajasthan, and regularising appointments of three directors following sweeping resignations on June 27, 2026. The company is also seeking shareholder approval for related party transactions (RPT) up to ₹50 crore each with four private entities, which is notably large relative to its FY26 annual revenue of ₹8.25 crore.
- AGM scheduled for September 24, 2026 at 2:30 PM via Video Conferencing.
- Proposed shift of registered office from Chennai (Tamil Nadu) to Jaipur (Rajasthan).
- Shareholder nod sought for related party transactions up to ₹50 crore each with four private entities.
- Sweeping board overhaul: Former MD redesignated to Director, three directors and CFO resigned on June 27, 2026, alongside three new appointments.
Switching Technologies Gunther Limited has issued the notice for its 38th Annual General Meeting (AGM) scheduled for 24 September 2026. Key special resolutions include approval of Related Party Transactions of up to ₹50 crore each with four separate private entities, which is substantial relative to the company's TTM revenue of ₹7 crore. Shareholders will also vote on regularising new board appointments (Executive Director and two Independent Directors) following widespread board resignations in June 2026. Additionally, the company has proposed shifting its registered office from Chennai, Tamil Nadu to Jaipur, Rajasthan.
- 38th Annual General Meeting scheduled for 24 September 2026 via video conferencing.
- Proposed Related Party Transactions with BBU Enterprises, Touristas Horizons, Tekfoods International, and Samridh Overseas Trading for up to ₹50 crore each.
- Proposed shifting of registered office from Chennai (Tamil Nadu) to Jaipur (Rajasthan).
- Approval sought for appointment of Mr. Nikhil Pujari as Director and two Independent Directors for 5-year terms.
Switching Technologies Gunther Ltd has dispatched its Annual Report and notice for the 38th Annual General Meeting (AGM) scheduled for September 24, 2026. The key agenda items include the adoption of FY26 audited standalone financial statements and the regularisation/appointment of directors. Shareholders will also vote on a special resolution to shift the company's registered office from Chennai, Tamil Nadu to Jaipur, Rajasthan.
- 38th Annual General Meeting scheduled for September 24, 2026 at 2:30 p.m. via Video Conferencing.
- Proposed shifting of the Registered Office from Chennai, Tamil Nadu to Jaipur, Rajasthan.
- Appointment of two Independent Directors (Mr. Sougata Sengupta and Ms. Rakhi Sharma) for a 5-year term until 2031.
- Appointment of Ms. Divya Mohta as Secretarial Auditor for 5 financial years (FY27 to FY31).
Switching Technologies Gunther Ltd has scheduled its 38th Annual General Meeting (AGM) for September 24, 2026, at 2:30 PM via Video Conferencing/OAVM. The company announced a book closure period from September 18, 2026, to September 24, 2026. The cut-off date to determine shareholder eligibility for remote e-voting has been fixed as September 17, 2026. Remote e-voting will run from September 21, 2026, to September 23, 2026.
- 38th Annual General Meeting scheduled on September 24, 2026, at 2:30 PM via VC/OAVM
- Share transfer books and register of members closed from September 18, 2026, to September 24, 2026
- Cut-off/Record date for remote e-voting set as September 17, 2026
- Remote e-voting opens on September 21, 2026 (9:00 AM) and closes on September 23, 2026 (5:00 PM)
Switching Technologies Gunther reported a net loss of Rs 1.69 Cr for Q1 FY27, with its net worth completely eroded by accumulated losses of Rs 10.02 Cr. The company is executing a total business pivot, selling its current manufacturing operations for Rs 4.25 Cr to Canolli Manufacturing (Rs 3 Cr already received as advance). Simultaneously, it has received shareholder approval to acquire 100% of Tekfoods International and Samridh Overseas Trading via a share swap. A significant 20.64% stake was acquired by new investors in May 2026, indicating a major change in control.
- Net loss of Rs 169.23 Lakhs reported for the quarter ended June 30, 2026
- Accumulated losses reached Rs 1001.85 Lakhs, resulting in complete erosion of net worth
- Business sale to Canolli Manufacturing finalized for Rs 425 Lakhs on a slump sale basis
- Material change in shareholding with 20.64% stake acquired by new entities on May 14, 2026
- Shareholder approval obtained for 100% acquisition of two related-party companies via share swap
Switching Technologies Gunther Ltd has announced the resignation of Mr. S. Ramesh from the position of Company Secretary and Compliance Officer. The resignation, tendered on health grounds via a letter dated August 12, 2026, was accepted by the Board on the same day. Mr. Ramesh will serve a one-month notice period, with his official cessation date set for September 11, 2026. This is a routine administrative change for the micro-cap company, which has a market capitalization of Rs 25 Cr.
- Resignation letter submitted by Mr. S. Ramesh on August 12, 2026
- Official cessation date as Company Secretary is September 11, 2026
- Notice period of 1 month to be served by the outgoing officer
- Board of Directors accepted the resignation in a meeting held on August 12, 2026
Switching Technologies Gunther reported a net loss of Rs 1.69 Cr for Q1 FY27, with accumulated losses of Rs 10.01 Cr completely eroding its net worth. The board has approved massive Related Party Transaction (RPT) limits of up to Rs 50 Cr each with four entities, totaling Rs 200 Cr, which is 25x the company's TTM revenue of Rs 8 Cr. The company is also executing a slump sale of its existing business for Rs 4.25 Cr while simultaneously acquiring two new entities via share swap. Auditors have raised a 'Material Uncertainty related to Going Concern' due to current liabilities exceeding current assets by Rs 2.97 Cr.
- Net loss of Rs 1.69 Cr reported for the quarter ended June 30, 2026.
- Accumulated losses reached Rs 10.01 Cr, resulting in total erosion of net worth.
- Approved RPT limits of Rs 50 Cr each for four entities including BBU Enterprises and Touristas Horizons.
- Business Transfer Agreement (BTA) for slump sale valued at Rs 4.25 Cr, with Rs 3 Cr already received.
- Material shareholding change of 20.64% occurred on May 14, 2026, involving new entities.
Switching Technologies Gunther (STG) reported a weak Q1 FY27 with revenue falling 53.7% YoY to ₹93.16 Lakhs and a net loss of ₹169.23 Lakhs. The company's net worth is now completely eroded with accumulated losses of ₹1,001.85 Lakhs, leading to a 'Going Concern' warning from auditors. To address this, the company is executing a slump sale of its current business for ₹425 Lakhs and pivoting through the 100% acquisition of two related-party firms, Tekfoods International and Samridh Overseas Trading, via share swaps.
- Revenue from operations declined 53.7% YoY to ₹93.16 Lakhs from ₹201.48 Lakhs.
- Accumulated losses reached ₹1,001.85 Lakhs, resulting in complete erosion of net worth.
- Current liabilities exceed current assets by ₹297.50 Lakhs as of June 30, 2026.
- Business Transfer Agreement (slump sale) to Canolli Manufacturing is valued at ₹425 Lakhs, with ₹300 Lakhs already received.
- New investors acquired a 20.64% stake (5,05,722 shares) in the company during May 2026.
Switching Technologies Gunther Ltd (STG) held an EGM on August 1, 2026, where shareholders approved the 100% acquisition of two entities: Tekfoods International and Samridh Overseas Trading. These acquisitions are structured as Related Party Transactions via a share swap, involving a preferential issue of equity for non-cash consideration. To facilitate this, the company also approved an increase in its Authorised Share Capital and an enhancement of investment limits under Section 186. Given STG's small scale (Rs 28 Cr market cap) and negative net worth of Rs -6 Cr, these acquisitions represent a major pivot or expansion of the business.
- Approval for 100% acquisition of Tekfoods International Private Limited via share swap
- Approval for 100% acquisition of Samridh Overseas Trading Private Limited via share swap
- Preferential issue of equity shares for consideration other than cash approved
- Increase in Authorised Share Capital and Section 186 investment limits
- EGM concluded in 10 minutes (12:30 PM to 12:40 PM) with 37 members present
Switching Technologies Gunther Ltd has scheduled a board meeting on August 12, 2026, to approve its unaudited standalone financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of Rs 29 Cr and reported a TTM revenue of Rs 8 Cr. Despite a net profit of Rs 6.55 Cr in FY26, the company operates with a negative net worth of Rs 6 Cr and highly negative operating margins (-115.15% in FY26). This meeting will provide the first performance update for the new fiscal year.
- Board meeting date set for August 12, 2026, at 4:00 p.m.
- Agenda includes adoption of unaudited standalone financial results for the quarter ended June 30, 2026.
- The meeting will be conducted via Audio/Video conferencing mode.
- Company reported a TTM EPS of Rs 26.74 as of the latest available data.
Switching Technologies Gunther Ltd has submitted its quarterly statement regarding the utilization of issue proceeds for the period ending June 30, 2026. The company confirmed that it has not raised any funds through public issues, rights issues, preferential issues, or Qualified Institutional Placements (QIP) during this period. As no funds were raised, the requirement to report any deviation or variation in the use of proceeds is not applicable. This is a standard regulatory compliance filing.
- Zero funds raised through public, rights, or preferential issues for the quarter ended June 30, 2026
- Compliance filing submitted under Regulation 32(1), 32(2), and 33(3) of SEBI (LODR) Regulations
- Statement of deviation or variation is not applicable as no capital issuance occurred
- Filing dated July 16, 2026, covering the April-June 2026 quarter
Switching Technologies Gunther Ltd has confirmed that it did not issue any Commercial Papers (CPs), Non-Convertible Debentures (NCDs), or Non-Convertible Redeemable Preference Shares (NCRPs) during the quarter ended June 30, 2026. Consequently, the company has no repayment obligations for principal or interest/dividends related to these specific instruments for the period. This filing is a standard regulatory requirement under SEBI (LODR) Regulations, 2015. Investors should note that operational performance details will be available in the upcoming quarterly financial results.
- Zero Commercial Papers (CPs) issued during the quarter ended June 30, 2026
- Zero Non-Convertible Debentures (NCDs) or NCRPs issued in the same period
- No repayment obligations for principal or interest/dividend on these instruments
- Compliance filing submitted under Regulation 52(4)(d) of SEBI (LODR) Regulations, 2015
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