Switching Technologies Gunther Limited has announced the outcome of its Board of Directors meeting held on November 13, 2026. The Board considered and approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026. The meeting, conducted via video conference, also included the review of the Statutory Auditors’ report. The financial statement reflects significant exceptional items, including a gain on slump sale and write-backs.
Board Approves Unaudited Financial Results
Switching Technologies Gunther Limited’s Board of Directors convened on November 13, 2026, to review and approve the company’s unaudited standalone financial results for the quarter and half year concluded on September 30, 2026. The meeting was held via video conference from 4:00 P.M. to 4:20 P.M.
Key Financial Highlights
The reviewed financial statements, along with the Limited Review Report from the Statutory Auditors, were formally accepted by the Board. The unaudited standalone financial results for the period ending September 30, 2026, indicate a Net Profit of INR 491.40 Lakhs. This period also includes notable exceptional items, such as a write-back of credit and debit balances amounting to INR 702.86 Lakhs, an impairment of inventory of INR 287.98 Lakhs, and a gain on slump sale totaling INR 127.33 Lakhs.
Business Updates
The company’s report also highlighted significant business developments. Switching Technologies Gunther Limited transferred its primary business of manufacturing Reed Switches, Proximity Switches & Ball Switches on a slump sale basis during Q2 2026-27. Furthermore, the shareholders approved the 100% acquisition of two companies, TEKFOODS INTERNATIONAL PRIVATE LIMITED and SAMRIDH OVERSEAS TRADING PRIVATE LIMITED, via share swap transactions.
Shareholding Changes
A material change in shareholding was noted, with M/s. Touristas Horizons (P) Ltd and M/s. BBU Enterprises (P) Ltd acquiring approximately 20.64% of the company’s equity shares on May 14, 2026.
Source: BSE
