Switching Technologies Gunther Executive Director K. Manoharan Resigns

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Switching Technologies Gunther Executive Director K. Manoharan Resigns

Team Finance Saathi

13/Feb/2025

What's covered under the Article:

Executive Director K. Manoharan resigns from Switching Technologies Gunther, effective February 12, 2025.
Board accepted resignation, citing leadership transition and corporate governance compliance.
Resignation aligns with the director’s decision to retire upon turning 58 on February 18, 2025.

Switching Technologies Gunther Limited (STG), a BSE-listed company, announced the resignation of its Executive Director, Mr. K. Manoharan (DIN: 09615102), with effect from the close of business hours on February 12, 2025. The company formally communicated this change to the Bombay Stock Exchange (BSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition at STG

Mr. Manoharan, who served on the board for 30 months, submitted his resignation on January 11, 2025, citing his upcoming retirement upon reaching the age of 58 years on February 18, 2025. His decision aligns with his personal and professional transition, allowing fresh leadership to steer the company's growth.

In his resignation letter addressed to the Board of Directors, he expressed gratitude for the opportunity to serve STG and its stakeholders, acknowledging the invaluable support from the management. His resignation was formally accepted by the Board during its meeting held on February 12, 2025.

Regulatory Compliance & Disclosures

As per SEBI regulations, the company disclosed the details of Mr. Manoharan’s resignation through the BSE Listing Centre and on its official website. The regulatory disclosure, in line with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, confirms that the resignation is voluntary, with no material reasons beyond the stated personal decision to retire.

Impact on the Company & Board Composition

Switching Technologies Gunther Limited has assured stakeholders that this leadership transition will not affect ongoing business operations. The Board is expected to announce a new Executive Director in due course, ensuring a smooth transition and business

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Services

Switching Technologies Gunther Executive Director K. Manoharan Resigns

What's covered under the Article:

Leadership Transition at STG

Regulatory Compliance & Disclosures

Impact on the Company & Board Composition

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