Risk Management Policy

Disclosure Reg. 17(9) of SEBI LODR Regulations, 2015

Objective

Switching Technologies Gunther Limited recognises that risk is an inherent part of business. The Company's Risk Management Policy establishes a framework for identifying, assessing, and mitigating elements of risk that in the opinion of the Board may threaten the existence of the Company.

This policy is established pursuant to Regulation 17(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires the Board to satisfy itself that plans are in place for orderly succession for appointments to the Board and to senior management.

Risk management framework

The Company's risk management framework covers the following categories of risk:

Operational risk Risks arising from manufacturing processes, supply chain disruption, and product quality.

Financial risk Risks related to currency fluctuation, credit exposure, and liquidity management.

Regulatory risk Risks arising from non-compliance with applicable laws and regulations.

Market risk Risks related to changes in demand, competition, and pricing in target markets.

Board oversight

The Board of Directors is responsible for the overall oversight of the risk management framework. The Audit Committee reviews the adequacy and effectiveness of the risk management framework periodically. Management is responsible for the implementation of the framework and for reporting identified risks to the Board.