GNG Electronics Limited has significantly enhanced its credit facility through a supplemental agreement with ICICI Bank Limited, marking a substantial expansion in its financial capacity. The company executed the Supplemental and Amendatory Agreement on March 10, 2026, with the formal documentation received on March 23, 2026.

Credit Facility Enhancement Details

The agreement represents a notable increase in the company's credit facility, expanding the overall limits substantially to support business operations.

Security and Terms Structure

The enhanced credit facility is secured through comprehensive collateral arrangements designed to protect the lender's interests while providing the company with necessary working capital flexibility.

Security Provisions:

• Pari Passu Charge on current assets and receivables (both present and future)
• Exclusive charge on Fixed Deposits
• Standard working capital facility terms

Regulatory Compliance and Disclosure

The agreement falls under standard banking arrangements without any related party transaction implications. Key regulatory aspects include:

• No shareholding relationship between parties
• No related party transaction classification
• Standard arm's length commercial terms
• No special rights regarding director appointments or capital structure restrictions

Strategic Implications

The 80.00% increase in credit facility from INR 400 million to INR 720 million demonstrates the company's growing financial requirements and ICICI Bank's confidence in GNG Electronics' business prospects. The facility is specifically designated for working capital requirements, indicating the company's focus on operational expansion and cash flow management.

The current outstanding amount of INR 380 million against the enhanced facility of INR 720 million provides the company with additional headroom of INR 340 million for future working capital needs.

Source: None/Company/INE18JU01028/31a153a5-c619-415b-a96a-1aac3c444bd1.pdf

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.