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  3. Touristas Horizons and BBU Enterprises Acquire 5,05,722 Equity Shares of Switching Technologies Gunther Ltd via Open Offer
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  • 15 May 2026
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 Touristas Horizons and BBU Enterprises Acquire 5,05,722 Equity Shares of Switching Technologies Gunther Ltd via Open Offer

M/s. Touristas Horizons (P) Ltd and M/s. BBU Enterprises (P) Ltd jointly acquired 5,05,722 equity shares of Switching Technologies Gunther Ltd on May 14, 2026, via an open offer under SEBI (SAST) Regulations, 2011. Each acquirer holds 2,52,861 shares post-acquisition, representing 10.32% individually and a combined 20.64% of the total share and voting capital. Both entities belong to the promoter/promoter group and held zero shares prior to this acquisition. The disclosure was submitted to BSE Limited on May 15, 2026, under Regulation 29(1) of the SEBI (SAST) Regulations, 2011.

Touristas Horizons and BBU Enterprises Acquire 5,05,722 Equity Shares of Switching Technologies Gunther Ltd via Open Offer

Switching Technologies Gunther Ltd received a disclosure dated May 15, 2026, filed with BSE Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted by M/s. Touristas Horizons (P) Ltd and M/s. BBU Enterprises (P) Ltd, both identified as promoter/promoter group entities, informing the exchange of a substantial acquisition of equity shares in the target company.

Acquisition Details

The two acquirers, acting in concert, collectively acquired 5,05,722 equity shares of Switching Technologies Gunther Ltd on May 14, 2026. The shares were acquired pursuant to an open offer made under Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations, 2011, through shares tendered by public shareholders. Each acquirer acquired 2,52,861 equity shares individually, together accounting for 20.64% of the total share and voting capital of the target company.

The following table summarises the shareholding position of the acquirers before and after the acquisition:

Parameter: Touristas Horizons (P) Ltd BBU Enterprises (P) Ltd Combined Shares held before acquisition: 0 0 0 % before acquisition: 0.00% 0.00% 0.00% Shares acquired: 2,52,861 2,52,861 5,05,722 % acquired: 10.32% 10.32% 20.64% Shares held after acquisition: 2,52,861 2,52,861 5,05,722 % after acquisition: 10.32% 10.32% 20.64%

Capital Structure of the Target Company

The equity share capital of Switching Technologies Gunther Ltd remains unchanged both before and after the acquisition. The following table outlines the capital structure:

Parameter: Details Total Equity Share Capital: INR 2,45,00,000 Total Number of Equity Shares: 24,50,000 Face Value per Share: INR 10.00 Stock Exchange Listed: BSE Limited Date of Acquisition: May 14, 2026 Date of Disclosure: May 15, 2026

Acquirer Details

The disclosure was signed by Simran Agarwal, Director of Touristas Horizons (P) Ltd, on behalf of both acquirers, from Kolkata on May 15, 2026. Key details of the acquirers are as follows:

Acquirer: CIN PAN Promoter Group M/s. Touristas Horizons (P) Ltd: U79110WB2023PTC264828 AAKCT4053B Yes M/s. BBU Enterprises (P) Ltd: U51909WB2022PTC254100 AAKCB7725Q Yes

The mode of acquisition was through the open offer process, with shares tendered by public shareholders of the target company. Prior to this transaction, neither acquirer held any equity shares, voting rights, warrants, convertible securities, or any other instruments entitling them to shares carrying voting rights in Switching Technologies Gunther Ltd.

Regulatory Compliance

The disclosure was filed by the Company Secretary and Compliance Officer, S. Ramesh, with the Corporate Relationship Department of BSE Limited via the BSE Listing Centre Online portal, bearing reference number BSE/SEC/203/2026. The filing is in compliance with the requirements prescribed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Switching Technologies Gunther Ltd has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI's depositories regulations for the quarter ended 31st March, 2026.

Regulatory Compliance Filing

Switching Technologies Gunther submitted the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to BSE Limited on 15th April, 2026. The filing was made through BSE's online listing centre, demonstrating the company's adherence to digital compliance processes.

Filing Details: Information Filing Date: 15th April, 2026 Quarter Covered: Q4FY26 (ended 31st March, 2026) Certificate Date: 7th April, 2026 BSE Scrip Code: 517201 Regulation: SEBI Regulation 74(5)

Certificate Confirmation

The certificate was issued by Cameo Corporate Services Limited, Chennai, which serves as the company's Registrar and Share Transfer Agent (RTA). The RTA confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed and confirmed to the depositories within the stipulated timeframe.

Dematerialisation Process Compliance

Cameo Corporate Services Limited certified several key compliance aspects in their quarterly confirmation:

All securities received for dematerialisation were confirmed (accepted/rejected) to depositories

Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed

Physical security certificates received for dematerialisation were mutilated and cancelled after due verification

Names of depositories were substituted in the register of members as registered owners within the stipulated time limit

Corporate Information

The filing was signed by S. Ramesh, Company Secretary and Compliance Officer (ACS M.No.A10646), reflecting the company's commitment to maintaining proper corporate governance standards. Switching Technologies Gunther Ltd operates from its registered office and works at B-9 & B-10, Special Economic Zone (MEPZ), Kadapperi, Tambaram, Chennai.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in the dematerialisation process and maintaining investor confidence in the securities trading system.

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