GNG Electronics Limited has successfully enhanced its working capital facilities through an addendum to its existing loan agreement with Axis Bank Limited. The company announced the execution of this addendum on March 23, 2026, marking a significant expansion of its credit facilities to support business operations.

Credit Facility Enhancement

The addendum, executed on February 23, 2026, increases the company's working capital facility substantially. The enhanced credit line will provide additional financial flexibility for the company's operational requirements.

Agreement Structure and Security

The working capital loan agreement includes specific security arrangements to protect the lender's interests. The facility is secured through a pari passu charge on extension of hypothecation of the company's entire current assets, both present and future.

Key aspects of the agreement include:

• Purpose: Meeting working capital requirements of the company
• Nature: Working capital loan facility
• Security: Hypothecation of current assets
• Shareholding: No shareholding by the company in Axis Bank

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement does not fall under related party transactions, as Axis Bank is not related to the promoter, promoter group, or group companies.

Corporate Details

GNG Electronics Limited, formerly known as GNG Electronics Private Limited, operates under CIN L72900MH2006PLC165194. The company is headquartered in Mumbai and maintains its corporate office at Hubtown Solaris, Andheri (East). The disclosure was signed by Sarita Vishwakarma, Company Secretary & Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders.

GNG Electronics Limited has significantly enhanced its working capital facilities through a supplemental agreement with DBS Bank India Ltd, expanding its credit line from ₹300 crore to ₹800 crore. The agreement, executed on March 18, 2026, represents a substantial increase in the company's financial capacity to support its operational requirements.

Agreement Details and Purpose

The Supplemental Working Capital Facilities Agreement serves as an amendment to the principal agreement dated January 29, 2024. The primary objective of this enhancement is to provide additional financial resources for meeting the company's working capital requirements, enabling better operational flexibility and business growth support.

Financial Structure and Security

The enhanced facility maintains a professional banking relationship structure with DBS Bank India Ltd. The security arrangement includes a pari passu charge on the company's current assets, both present and future, providing adequate collateral coverage for the expanded credit line.

The agreement does not involve any equity participation or special rights provisions. DBS Bank India Ltd holds no shareholding in GNG Electronics Limited, and the transaction does not fall under related party transaction categories, ensuring arm's length commercial terms.

Regulatory Compliance and Disclosure

GNG Electronics Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this material agreement, maintaining transparency with stakeholders.

Key Transaction Highlights

• Facility Enhancement: Credit limit increased by ₹500 crore
• Utilization: Funds designated for working capital requirements
• Security: Pari passu charge on current assets
• Relationship: No related party involvement
• Compliance: Full regulatory disclosure completed

The supplemental agreement strengthens GNG Electronics Limited's financial position by providing enhanced liquidity support for its business operations. With ₹254 crore currently outstanding against the ₹800 crore facility, the company maintains substantial available credit capacity for future operational needs.