Switching Technologies Gunther Ltd to increase authorized capital by 5x

Switching Technologies Gunther Ltd announced an Extraordinary General Meeting (EGM) to seek shareholder approval for a significant increase in its authorized share capital. The company proposes to raise its authorized capital from ₹6 crore to ₹30 crore, a five-fold increase. This move is linked to several strategic initiatives, including enhancing investment and lending limits under Section 186 of the Companies Act, 2013, and approving the acquisition of Tekfoods International Private Limited and Samridh Overseas Trading Private Limited through share swap arrangements. The EGM will be held on August 1, 2026, with remote e-voting available from July 29 to July 31, 2026. The proposed share swap for acquisitions will involve issuing equity shares on a preferential basis for consideration other than cash.