Switching Tech. Gunt

Switching Technologies Gunther’s board approved on 9 July the acquisition of two food-sector entities – Tekfoods International Private Limited and Samridh Overseas Trading Private Limited – entirely through a share swap. In exchange for 16.50 lakh shares of Tekfoods and 11.10 lakh shares of Samridh, the company will issue 90.75 lakh and 1.52 crore equity shares respectively, priced at ₹98 per share, for a total transaction value of ₹237.43 crore. The deal turns both targets into wholly owned subsidiaries. Tekfoods is the flagship food manufacturing and brand-holding entity of the Tek Food Group, with FY25 revenue of ₹18.16 crore, while Samridh is the group’s trading and distribution arm, posting ₹149.65 crore in the same period. The board also approved a five-fold increase in authorised share capital to ₹30 crore and enhanced investment limits to ₹1,000 crore, signalling aggressive expansion plans. The swap ratio – 5.5:1 for Tekfoods and 13.65:1 for Samridh – was certified by an independent registered valuer. Completion is subject to shareholder approval at an extraordinary general meeting on 1 August and BSE’s in-principle clearance.

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Guenther America Inc, the promoter of nano-cap Switching Technologies Gunther Ltd, has sold its entire 37.63% stake of 9,22,000 shares in the company, according to a regulatory filing dated June 3, 2026. The sale, executed on June 1, was carried out under a Share Purchase Agreement signed in January 2026. The disclosure does not name the buyer. This exit follows a recent open offer in which Touristas Horizons and BBU Enterprises acquired 20.64% of the company for ₹3.34 crores, gaining joint control and initiating a shift towards food processing and FMCG businesses.

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Sept 24 (Reuters) - Switching Technologies Gunther Ltd SWTE.BO:

• EXECUTES TERM SHEET WITH CANOLLI MANUFACTURING

Source text: ID:nBSE7tXLBs

Further company coverage: SWTE.BO

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