Description
BSE announces the Offer to Buy (OTB) acquisition window schedule for Switching Technologies Gunther Ltd (SWITCHTE), open from 16th April 2026 to 29th April 2026 at Rs. 66.00 per share for up to 6,37,000 equity shares.
Summary
BSE has announced the Offer to Buy (OTB) – Acquisition Window (Takeover) schedule for Switching Technologies Gunther Ltd (Symbol: SWITCHTE, Scrip Code: 517201, ISIN: INE311D01017). The acquisition window is open from Thursday, 16th April 2026 to Wednesday, 29th April 2026. The offer is priced at Rs. 66.00 per share for up to 6,37,000 equity shares (face value Rs. 10.00). Trading Members and Custodian Members must follow the session timings and bidding categories specified by the Exchange.
Key Points
- Security: Switching Technologies Gunther Ltd | Symbol: SWITCHTE | ISIN: INE311D01017 | Scrip Code: 517201
- Offer Size: Up to 6,37,000 equity shares
- Offer Price: Rs. 66.00 per share
- Face Value: Rs. 10.00 | Market Lot: 1
- Opening Date: Thursday, 16th April 2026
- Closing Date: Wednesday, 29th April 2026
- Live OTB Bid Session: 9:15 a.m. to 3:30 p.m. (16th April to 29th April 2026)
- Give-up / Take-up (last day except final): 9:15 a.m. to 3:30 p.m. (16th April to 28th April 2026)
- Give-up (last day of offer): 9:15 a.m. to 3:30 p.m. on 29th April 2026
- Take-up (last day of offer): 9:15 a.m. to 4:00 p.m. on 29th April 2026
- Bidding accessible via iBBS platform at https://ibbs.bseindia.com/ (Internet) or https://ibbsll.bseindia.com/ (Leased Line)
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes existing OTB framework under SEBI Takeover Regulations. Members are referred to Exchange Notices 20150930-1 (dated 30 September 2015) and 20170203-29 (dated 3 February 2017) for operational instructions.
Compliance Requirements
- Trading Members must ensure the Unique Client Code (UCC) of each investor is registered and/or updated with the correct PAN Number and Category in the Exchange UCC database.
- Members can bid only for investors holding shares in demat form.
- Members and Custodians are advised that if no securities are accepted, no End of Issue files will be generated on the Extranet.
- Extranet files for acceptance of bids will be available only after the Exchange receives confirmation of acceptance from the Merchant Banker/RTA post issue closure.
- For Leased Line URL access settings, refer to Exchange Circular No. 20170503-12.
Important Dates
| Event | Date |
|---|---|
| Circular Date | 13th April 2026 |
| Offer Opening Date | Thursday, 16th April 2026 |
| Offer Closing Date | Wednesday, 29th April 2026 |
| Give-up / Take-up Period | 16th April 2026 to 28th April 2026 |
| Last Day Give-up | 29th April 2026 (9:15 a.m. – 3:30 p.m.) |
| Last Day Take-up | 29th April 2026 (9:15 a.m. – 4:00 p.m.) |
Impact Assessment
This notice directly impacts shareholders of Switching Technologies Gunther Ltd (SWITCHTE) who may tender their shares, and Trading/Custodian Members facilitating the acquisition. The offer price of Rs. 66.00 per share for up to 6,37,000 shares represents a defined liquidity event under the SEBI Takeover Regulations. Members must ensure operational readiness on the iBBS and RTRMS platforms before the opening date. The extended take-up window on the last day (until 4:00 p.m.) gives custodians additional time for settlement. Contact for system access issues: Trading Operations at 022-22728005 or user.trdops@bseindia.com.
Impact Justification
This circular announces a live takeover acquisition window for Switching Technologies Gunther Ltd, directly affecting shareholders and trading members who must participate within the specified schedule. Involves a fixed offer price of Rs. 66.00 per share for up to 6,37,000 shares.